Thursday, August 21, 2008

The Price is Right?

So, I just did a loan on one of these:
It is a $175,000 car, and after his down payment, this guy is paying $2,300/month (about the same cost of Clint's Banana-rama Tanning Hut monthly membership) for the privilege of driving this thing. And before you start thinking this guy goes home at night to swim in his magical tower of gold coins, keep in mind that this guy makes slightly more than I do (and I'm about one pay grade away from a garbage man . . . or Burt Reynolds). The only way he can (barely) afford this is because he lives rent-free because he's a property caretaker, and has no other debts.

So, the moral of this story is: the next time you see someone flying down the highway in a big, jacked-up diesel truck, or a fancy sports car, keep in mind that there are mainly two possibilities: either they're up to their eyeballs in debt, or they make some ridiculous money. And if I were a betting man, I'd bet the on former every time. Either way, when the time comes I'm going to slip the repo guy a $20 so he'll let me take it for a spin before he hauls it away.

4 comments:

Scott said...

"Yeah, baby. . . sure I'm having a hard time paying my cell phone bill and I can only take you out to Beto's for dinner, but we get to go in style!" -
let's see, that costs him about $77/day, not including his ginormous insurance policy. I'll stick with my hyundai and my house for now.

Ryan said...

Houses are overrated. What's cooler: sleeping in a boring, stationary house, or a jet-black Lamborghini?

Scott said...

how can I argue with that?
I'll let my wife know that we're moving into a new "house" once I find the right color for my ferarri.

Scott said...

:)