40miles/day - financed V6 mustang

[dorkus619]

HA! I'm really new to this MMM deal, but even before learning about this I would have balked at this kind of spending.

Sunday I learned a friend just bought a Mustang (used, whew! ha jk)
It's pretty new looking to me and it's a V6, automatic naturally because she can't drive a stick.

Then I learned that she drives a 40 mile (round trip) commute almost daily (sometimes 2x daily --why??) in her V6.

I choked and asked how it did on gas. She said "pretty good, if I fill on Monday I normally don't have to get gas again until Friday" *WHAT!?*

Later I learned that she has 5 points on her license from speeding tickets - which means she pays ridiculous insurance. Which i could have guessed with a financed red mustang. She mentioned something like $200 per MONTH. (I literally can't comprehend this)

I mean she must pay like $750/month for the car payment, insurance, and gas... right?

She works 2 jobs so she can keep this lifestyle. Also she is going to school for her doctorate right now, so I'm guessing she has a pile of student debt.



And then she was complaining about how healthcare is unaffordable for average Americans.

[mpbaker22]

And then she was complaining about how healthcare is unaffordable for average Americans.

Since she sounds like an average North American, wouldn't you say she's right?

[dorkus619]

And then she was complaining about how healthcare is unaffordable for average Americans.

Since she sounds like an average North American, wouldn't you say she's right?

haha right. But I believe for a LOT of people, it IS affordable if they put their priorities in the right order!

[Zelda01]

Sunday I learned a friend just bought a Mustang (used, whew! ha jk)
It's pretty new looking to me and it's a V6, automatic naturally because she can't drive a stick.

If she bought a 2011 or newer, the V6 gets 30+ mpg on the highway - better gas mileage than previous years' models due to having a 6th gear.  Oddly, the automatic was rated better mpg than the manual in 2011.  The mpg in town isn't that great though, maybe just over 20.  Do you know what year she got?

I mean she must pay like $750/month for the car payment, insurance, and gas... right?

Ask her, and let us know how much ;)  It might not be THAT much, since she did not get a GT, and she got it used.  The insurance is kinda crazy, though it may be more due to the tickets than the kind of car