Car, lease or buy?

[Newblet]

Just for clarification, I did not “save” 100k and was carefull not to use that word. That money is available only for housing and from an outside source (someone other than myself). I have spent nearly that much however on car toys since I graduated at 21 years old. Reading sites like these has brought me to the light of how stupid and wasteful I’ve been. Changing my car spending habits is just one of many financial changes I need to make.

Reading your comments, which are incredibly helpful by the way, is making me want to get a cheaper more reliable car. Such as, not to make the same mistakes of yesterday. Also, don’t bother being so descriptive in automotive terms, I was an automotive engineer for the last two years (aerospace now $$$ :)).

[Coronita]

how one saves $100k at 24 yrs is the big question? I barely got done with my studies at that age! Is this an inheritance?

Not that difficult with a decent tech job and being a miser.

Not that difficult? I think it is impossible.
Graduate with 4yr degree at 22, so are you saying in 2 yrs he saved 100k?

I just wanted clarification with his statement of "saved up", getting an inheritance is not "saving up".

 

I misread, my apologies. For some reason I thought he said he graduated for 4 years with a tech degree on some other thread. 4 years with a tech degree (right tech degree) and living extremely skippy is entirely possible, including your 401k. I did at least. I was also assuming the person doesn't have student loans. If one does, that's not that easy either. BTW: at 22, I was almost done with a masters if I stayed an extra 6 months, so there are people who get finish 4 years of school and  and through in a 1 year masters program. if there's enough AP credits going into your first year, your first year really becomes your second. I got tired of studying so I opted to enter the workforce. Back in the good ole days when rent was $660/month.Then again, I hopped around, so my salary went with wherever i went (not proud of it now).

[Coronita]

how one saves $100k at 24 yrs is the big question? I barely got done with my studies at that age! Is this an inheritance?

Not that difficult with a decent tech job and being a miser.

Not that difficult? I think it is impossible.
Graduate with 4yr degree at 22, so are you saying in 2 yrs he saved 100k?

I just wanted clarification with his statement of "saved up", getting an inheritance is not "saving up".

 

I misread, my apologies. For some reason I thought he said he graduated for 4 years with a tech degree on some other thread. 4 years with a tech degree (right tech degree) and living extremely skippy is entirely possible, including your 401k. I did at least. I was also assuming the person doesn't have student loans. If one does, that's not that easy either. BTW: at 22, I was almost done with a masters if I stayed an extra 6 months, so there are people who get finish 4 years of school and  and through in a 1 year masters program. if there's enough AP credits going into your first year, your first year really becomes your second. I got tired of studying so I opted to enter the workforce. Back in the good ole days when rent was $660/month.Then again, I hopped around, so my salary went with wherever i went (not proud of it now).

[Coronita]

how one saves $100k at 24 yrs is the big question? I barely got done with my studies at that age! Is this an inheritance?

Not that difficult with a decent tech job and being a miser.

Not that difficult? I think it is impossible.
Graduate with 4yr degree at 22, so are you saying in 2 yrs he saved 100k?

I just wanted clarification with his statement of "saved up", getting an inheritance is not "saving up".

 

I misread, my apologies. For some reason I thought he said he graduated for 4 years with a tech degree on some other thread. 4 years with a tech degree (right tech degree) and living extremely skippy is entirely possible, including your 401k. I did at least. I was also assuming the person doesn't have student loans. If one does, that's not that easy either. BTW: at 22, I was almost done with a masters if I stayed an extra 6 months, so there are people who get finish 4 years of school and  and through in a 1 year masters program. if there's enough AP credits going into your first year, your first year really becomes your second. I got tired of studying so I opted to enter the workforce. Back in the good ole days when rent was $660/month.Then again, I hopped around, so my salary went with wherever i went (not proud of it now).

[Coronita]

how one saves $100k at 24 yrs is the big question? I barely got done with my studies at that age! Is this an inheritance?

Not that difficult with a decent tech job and being a miser.

Not that difficult? I think it is impossible.
Graduate with 4yr degree at 22, so are you saying in 2 yrs he saved 100k?

I just wanted clarification with his statement of "saved up", getting an inheritance is not "saving up".

 

I misread, my apologies. For some reason I thought he said he graduated for 4 years with a tech degree on some other thread. 4 years with a tech degree (right tech degree) and living extremely skippy is entirely possible, including your 401k. I did at least. I was also assuming the person doesn't have student loans. If one does, that's not that easy either. BTW: at 22, I was almost done with a masters if I stayed an extra 6 months, so there are people who get finish 4 years of school and  and through in a 1 year masters program. if there's enough AP credits going into your first year, your first year really becomes your second. I got tired of studying so I opted to enter the workforce. Back in the good ole days when rent was $660/month.Then again, I hopped around, so my salary went with wherever i went (not proud of it now).

[Coronita]

how one saves $100k at 24 yrs is the big question? I barely got done with my studies at that age! Is this an inheritance?

Not that difficult with a decent tech job and being a miser.

Not that difficult? I think it is impossible.
Graduate with 4yr degree at 22, so are you saying in 2 yrs he saved 100k?

I just wanted clarification with his statement of "saved up", getting an inheritance is not "saving up".

 

I misread, my apologies. For some reason I thought he said he graduated for 4 years with a tech degree on some other thread. 4 years with a tech degree (right tech degree) and living extremely skippy is entirely possible, including your 401k. I did at least. I was also assuming the person doesn't have student loans. If one does, that's not that easy either. BTW: at 22, I was almost done with a masters if I stayed an extra 6 months, so there are people who get finish 4 years of school and  and through in a 1 year masters program. if there's enough AP credits going into your first year, your first year really becomes your second. I got tired of studying so I opted to enter the workforce. Back in the good ole days when rent was $660/month.Then again, I hopped around, so my salary went with wherever i went (not proud of it now).

[Newblet]

no student loans… thanx mom

But I did work through college, only to fund my car habit

[Newblet]

no student loans… thanx mom

But I did work through college, only to fund my car habit

[Newblet]

no student loans… thanx mom

But I did work through college, only to fund my car habit

[Newblet]

no student loans… thanx mom

But I did work through college, only to fund my car habit

[Newblet]

no student loans… thanx mom

But I did work through college, only to fund my car habit

[Coronita]

Just for clarification, I did not "save" 100k and was carefull not to use that word. That money is available only for housing and from an outside source (someone other than myself). I have spent nearly that much however on car toys since I graduated at 21 years old. Reading sites like these has brought me to the light of how stupid and wasteful I've been. Changing my car spending habits is just one of many financial changes I need to make.

Reading your comments, which are incredibly helpful by the way, is making me want to get a cheaper more reliable car. Such as, not to make the same mistakes of yesterday. Also, don't bother being so descriptive in automotive terms, I was an automotive engineer for the last two years (aerospace now $$$ :)).

 

Like i said, Audi's aren't known for reliability. Think of them being overpriced VW's. Your best bet is to stay with something inexpensive and reliable new. You should then get rid of your clunker too, as you don't need the extra insurance payments.

 

I have to say, jumping on an audi now is continuing down your trend of expensive car purchases. Look, wait until you make more money or come across a fortune. While an audi is nice, it's not worth wrecking your finances over. I had my beater for 7 years. And my audi is currently on track to a beater for 10 years. 

[Coronita]

Just for clarification, I did not "save" 100k and was carefull not to use that word. That money is available only for housing and from an outside source (someone other than myself). I have spent nearly that much however on car toys since I graduated at 21 years old. Reading sites like these has brought me to the light of how stupid and wasteful I've been. Changing my car spending habits is just one of many financial changes I need to make.

Reading your comments, which are incredibly helpful by the way, is making me want to get a cheaper more reliable car. Such as, not to make the same mistakes of yesterday. Also, don't bother being so descriptive in automotive terms, I was an automotive engineer for the last two years (aerospace now $$$ :)).

 

Like i said, Audi's aren't known for reliability. Think of them being overpriced VW's. Your best bet is to stay with something inexpensive and reliable new. You should then get rid of your clunker too, as you don't need the extra insurance payments.

 

I have to say, jumping on an audi now is continuing down your trend of expensive car purchases. Look, wait until you make more money or come across a fortune. While an audi is nice, it's not worth wrecking your finances over. I had my beater for 7 years. And my audi is currently on track to a beater for 10 years. 

[Coronita]

Just for clarification, I did not "save" 100k and was carefull not to use that word. That money is available only for housing and from an outside source (someone other than myself). I have spent nearly that much however on car toys since I graduated at 21 years old. Reading sites like these has brought me to the light of how stupid and wasteful I've been. Changing my car spending habits is just one of many financial changes I need to make.

Reading your comments, which are incredibly helpful by the way, is making me want to get a cheaper more reliable car. Such as, not to make the same mistakes of yesterday. Also, don't bother being so descriptive in automotive terms, I was an automotive engineer for the last two years (aerospace now $$$ :)).

 

Like i said, Audi's aren't known for reliability. Think of them being overpriced VW's. Your best bet is to stay with something inexpensive and reliable new. You should then get rid of your clunker too, as you don't need the extra insurance payments.

 

I have to say, jumping on an audi now is continuing down your trend of expensive car purchases. Look, wait until you make more money or come across a fortune. While an audi is nice, it's not worth wrecking your finances over. I had my beater for 7 years. And my audi is currently on track to a beater for 10 years. 

[Coronita]

Just for clarification, I did not "save" 100k and was carefull not to use that word. That money is available only for housing and from an outside source (someone other than myself). I have spent nearly that much however on car toys since I graduated at 21 years old. Reading sites like these has brought me to the light of how stupid and wasteful I've been. Changing my car spending habits is just one of many financial changes I need to make.

Reading your comments, which are incredibly helpful by the way, is making me want to get a cheaper more reliable car. Such as, not to make the same mistakes of yesterday. Also, don't bother being so descriptive in automotive terms, I was an automotive engineer for the last two years (aerospace now $$$ :)).

 

Like i said, Audi's aren't known for reliability. Think of them being overpriced VW's. Your best bet is to stay with something inexpensive and reliable new. You should then get rid of your clunker too, as you don't need the extra insurance payments.

 

I have to say, jumping on an audi now is continuing down your trend of expensive car purchases. Look, wait until you make more money or come across a fortune. While an audi is nice, it's not worth wrecking your finances over. I had my beater for 7 years. And my audi is currently on track to a beater for 10 years. 

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