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Updated over 7 years ago on . Most recent reply

User Stats

15
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1
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Tom Doan
  • Austin, TX
1
Votes |
15
Posts

How To Afford A Lambo?

Tom Doan
  • Austin, TX
Posted

Alright so, other than my introduction, this is my first post here. I have been thinking about this idea for a while, but I need some perspective to un-noobize it.

Owning a Lambo is definitely one of my dreams in life and I hope to achieve it. I'm a senior at the business school at UT and I'm graduating this December. I plan on working for a while to build up some cash and then purchase a home around $100-150k as my first home. Now I'm assuming my salary would be able to afford a $1500 monthly payment for my mortgage and $400 for my car payment.

My idea is why not swap the two payments. I want a used Lambo to avoid the depreciation costs. A used 04 Gallardo runs for around 90k. I would use the $1500 per month to the car on a 60 month lease and $400-600 for the mortgage payment.

Then once the car payments are done, that frees up $1500 per month and I could purchase another house and begin to lease out that house or the original one.

What do you guys think? Any help is appreciated.

Most Popular Reply

User Stats

15,747
Posts
10,945
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Will Barnard
  • Developer
  • Santa Clarita, CA
10,945
Votes |
15,747
Posts
Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

You all have it wrong.
To afford a lambo right off the bat, all you need to do is become a big wig at AIG, screw everything up and get a few million in bonus money from your fellow tax payers.

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