Buying new car with no credit?
Alright so here is deal. I'm 19 live with my parents and want to buy a jeep wrangler unlimited sport. I work. And make around 1700-2000 a month. The car I want is $29.000- $35.000. I would put $6000 down and pay $90 monthly payment. But can I finance the car with no credit. If not how do I get the car? PS no need to tell me its a bad idea. I have enough money.
Buying a 30k car when i make 30k a year?
im having a conversation with my bf about finances ...ive been taught to live i within my means and just because u have it doesnt mean you can afford it.....can someone who works in finances simply explain how bad making 30k a year and buying a 30k car is an awful idea
Can my parents take away my car?
If everything is in your name including insurance. No they cannot. If they had this in mind when it came time to insure the vehicle then yes they could. However because everything is in your name you may have to threaten them to bring them to court and may have to call the police to report a theft. They have no right to it if everything is in your name. I speak from legal grounds I have seen taken as a police officer. If they choose to punish you. A vehicle that you have bought and insured and worked on is not for them to choose to take away since the state has already granted you the privilege to drive. If parents want to do this they have to insure the vehicle and have it under their name. If the title is in their name then you may have an issue. You can thumbs down me. This is the law.
How do people afford $150,000 for a down payment on a house in the San Francisco Bay area? Do parents and relatives chip in? Does an FHA help reduce the down payment required?
To get together the down payment for a $800K home, which is about the entry point in early 2016 for the San Jose Bay Area, you should change your thought process and it'll get much easier. Rather than try a brute force attempt to save up $160K, you should break the process up into manageable steps. (BTW, plenty of people work in two income households and earn over $300K a year, allowing them to save $50-100K per year. That's how they can afford $800K homes as first time home buyers. Of course, those tend to aim even higher and buy $1.5M homes.)When you live in an area that has such high home prices and high appreciation rates, saving for an ever increasing downpayment is tough. And, I strongly advocate avoiding an FHA loan. Rather, an easier way is to save up $40K and buy a small condo for $400K at 10% down. (A few years ago when prices were about half, I helped some buyers start with about $20K.) After a few years, you can trade up your increased equity to a $600K townhome along with another $20-30K in savings. Do it again in a few years to a $800-900K homes and you're there, having saved only $80-100K total in 5-6 years. You get to leverage all the tax free gains as a homeowner. It's quite a sweet deal.EDIT (2-24-16): Based on the comments about the anticipated appreciation rates, I want to re-iterate that I'm assuming Bay Area home prices will continue to appreciate given the current dynamics. If you don't agree with that assumption, then the logical choice is to continue saving until you've put together the downpayment. Of course, who knows how long the current appreciation will last before the next correction. Still, for those home owners who are able to hold on for at least 5 years, buying a home in the Bay Area (in particular the peninsula and south bay) has not been a losing proposition for the past 40 years.
Should I buy a 30k car for fun, if I don't need a car?
I'm going to go in the other direction from others. Of course should buy a car for fun! That's much better than buying one as an appliance that merely gets you to work or the grocery store. If you really want to do this and you can afford it, you should definitely buy the car you want. My answer falls in the "you only live once" category, I suppose, but what is money for anyway? Cars have been a passion in my life since my teenage years, and I couldn't begin to explain how much my life has been enriched by this interest. For me, this passion is all about vintage Porsches, and one thing you might think about - given that you won't have to use the car as a daily driver - is buying a vintage sports car. It can bring you into contact with others who share this passion and provide wonderful opportunities to enjoy cars that are much more fun to drive than those made today. Too many people today have never experienced cars for the joy of driving, often because today's cars have gotten so competent that they no longer have the qualities that made cars fun to really drive back in the day. It's not too late for you. For $30K, you can find a nice 1980s Porsche and discover a world of automotive pleasures. (BTW, don't try to find one on your own. Hook up with vintage Porsche experts and follow their advice.) Or, you can invest the money instead and see how much pleasure that brings you.
Is it okay to call someone a low class person? I make a lot more money than them?
I am current a manager at my job. I make almost 30k and consider myself good taste. i think it is understandable some employee under me should know they are low class people right? some say they stand up and say it's not right called "low class" what you think,