Hot Wheels
Beat That
New 2014 Jaguar F-TYPE S Convertible on a $120,000 Salary
Portion of my salary for 1 Year
Housing 35% = $42,000Taxes 25% = 30,000
Transportation 15% = 18,000
Food 15% = 18,000
Savings 5% = 6,000
Medical 3% = 3,600
Miscellaneous items 2% = 2,400
Monthly Payments:
Housing = $3500
Taxes = $2500
Transportation = $1500
Food = $1500
Savings = $500
Medical = $300
Miscellaneous = $200
3 Years Affordability
After three Years I could afford a $50,998.03 car with 3.75% intrest
4 Years Affordability
After four years I could afford a $66763.53 car.
5 Years Affordability
After five years I could afford a $81949.66 car.
Monthly Payments and Amount Lost
Car Payments Per Month
Three Year Plan: $2352.89 a month.
Four Year Plan: $1797.28 a month.
Five Year Plan: $1464.22 a month.
Over the course of five years, I will have spent a grand total of $87,853.20 on the car.
I will have payed $7,858.20 more than what the car was actually worth.