Things that make you happy/smile

[LoudBimmer]

$500 dollar car payments wtf? With a credit score of 0 maybe. My payments will be no more than $225. More in the range of $200. That's why I've been setting money aside for past few years.

For the record, I'm not getting brand new car. Most likely 2006-2008.

My current wage, I do alright.

I won't be graduating college with 0 experience. That's what internships, clubs, organizations are for. The college I go to got a large alumni base.

I don't know how you concluded that lol. Unless your hit the magical interest rate from the worlds most trusting credit union or bank, good luck with all that.

if you get monthly that low, I would imagine the term length would be much longer than it would need to be and you would be throwing away money into the interest rate.

My mom has always had an 800+ FICO and she has never had a car payment that cheap, and she usually makes a big down payment and has always had great interest rates.

The old 2004 dodge ram we had was $600 a month because our stepdad wanted to buy new, poor choice.

The benz was $17k and she had a full loan on it at the time with a 3.49% interest rate that I believe she paid just above $400 a month on.

And as far as experience goes, internships will help only if they're really valid or "prestigious" in the sense that it wasn't an internship at a summer camp snack shop or something lol, more like working in a business or corporation, but actually doing more than paper filing. But besides that, you're pretty much at 0 experience. Alumni bases help, but only if they're effective. It why graduating from USC is so lucrative. Finding a job in SoCal is not difficult if you're a USC alumni, the web is absolutely massive.

My friend who's graduating this year had internship at Citi bank and got a full time offer. He's starting in June. Starting salary will be close to $90-$100 grand including sign up bonus and end of the year bonus. This other girl I know working at Citi as first year analysis making about the same.

[LoudBimmer]

$200 payment....

20 year term, lol.

That's why I was setting money aside for few years ago.

Let's break this down. $18,000 for a car. $5,000 down payment. $2.24 interest rate. ~$230 a month. for $60 months.

[Karkov]

I'm not arguing in any way shape or form but I like to set up auto loans for short term, like 3 years so they get paid off sooner and my payments are usually 750+'ish per month so yea, car payments can get rather high. oh and credit score right around 800

[n8ball2013]

i have an 806 credit score. thats the very top tier on a used far right now and can not be applied to a car older than 3 years.

[Tecomah]

Getting to take an armored personnel carrier for a spin in the mud, and seeing it crush a car.

[boom50cal]

$100 a month for 12 months. Mudtruck ftw.

[TeamHT]

i have an 806 credit score. thats the very top tier on a used far right now and can not be applied to a car older than 3 years.

I just recently got all three to report above 800 on my credit score. Just to bring this back on track, lol

[Dwn4BassAlan]

$500 dollar car payments wtf? With a credit score of 0 maybe. My payments will be no more than $225. More in the range of $200. That's why I've been setting money aside for past few years.

For the record, I'm not getting brand new car. Most likely 2006-2008.

My current wage, I do alright.

I won't be graduating college with 0 experience. That's what internships, clubs, organizations are for. The college I go to got a large alumni base.

I don't know how you concluded that lol. Unless your hit the magical interest rate from the worlds most trusting credit union or bank, good luck with all that.

if you get monthly that low, I would imagine the term length would be much longer than it would need to be and you would be throwing away money into the interest rate.

My mom has always had an 800+ FICO and she has never had a car payment that cheap, and she usually makes a big down payment and has always had great interest rates.

The old 2004 dodge ram we had was $600 a month because our stepdad wanted to buy new, poor choice.

The benz was $17k and she had a full loan on it at the time with a 3.49% interest rate that I believe she paid just above $400 a month on.

And as far as experience goes, internships will help only if they're really valid or "prestigious" in the sense that it wasn't an internship at a summer camp snack shop or something lol, more like working in a business or corporation, but actually doing more than paper filing. But besides that, you're pretty much at 0 experience. Alumni bases help, but only if they're effective. It why graduating from USC is so lucrative. Finding a job in SoCal is not difficult if you're a USC alumni, the web is absolutely massive.

My friend who's graduating this year had internship at Citi bank and got a full time offer. He's starting in June. Starting salary will be close to $90-$100 grand including sign up bonus and end of the year bonus. This other girl I know working at Citi as first year analysis making about the same.

I'm not saying it's impossible. My sisters boyfriend is 24, right out of college gets a full time developer/programmer spot at Yelp, (they live in Berkeley so all the social media giants are there, so CS majors in the bay area have a field day when look for jobs.) he makes a fair 6 figures already. I'm just saying it really depends on what you do and where you are and who you know.

I know a couple friends who have graduated into fields where the need is pretty great, and yet a couple have had trouble getting work, and they're good at it to. I even know a doctor who was almost homeless for a year after he graduated, he ended up taking an EMT job (keep in mind he had his MD in pediatrics already) just to get some sort of income.

[Dwn4BassAlan]

$200 payment....


20 year term, lol.

That's why I was setting money aside for few years ago.

Let's break this down. $18,000 for a car. $5,000 down payment. $2.24 interest rate. ~$230 a month. for $60 months.

Since I believe auto loans amortize just like a home mortgage does (and I'm not trying to tell you your plan is wrong or anything at all like that lol I am just truly curious), did they also show you what your outcome total would be between a 48mo vs 60mo plan would be? In my head I can tell your interest would be paid on the principle with your first months payment since you're putting down $5k and have such a low interest rate, so that's good. Normally with more expensive loans though it can change up quite a bit.

[Aj11]

So not "Alan" money. Gotcha.

i hit the floor!