Author Topic: Earns 48k per year and wants to lease a Mercedes  (Read 4097 times)

2sk22

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Earns 48k per year and wants to lease a Mercedes
« on: June 07, 2019, 01:22:05 PM »
Mind boggling that someone with FICO score of 674 with a modest income wants a luxury car

https://www.reddit.com/r/askcarsales/comments/bxxjrx/credit_score_and_interest_rates_on/?utm_source=share&utm_medium=ios_app

2Birds1Stone

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Re: Earns 48k per year and wants to lease a Mercedes
« Reply #1 on: June 07, 2019, 08:08:22 PM »
This is 2019, not all that mind boggling.

Raenia

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Re: Earns 48k per year and wants to lease a Mercedes
« Reply #2 on: June 08, 2019, 06:13:33 AM »
At least most of the comments are people telling him not to do it.  Perhaps there's hope.

A Fella from Stella

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Re: Earns 48k per year and wants to lease a Mercedes
« Reply #3 on: June 25, 2019, 08:49:06 AM »
At least most of the comments are people telling him not to do it.  Perhaps there's hope.

And he is asking for outside opinions. That's a positive, too.

v8rx7guy

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Re: Earns 48k per year and wants to lease a Mercedes
« Reply #4 on: June 25, 2019, 09:13:57 AM »
Mind boggling that someone with FICO score of 674 with a modest income wants a luxury car

https://www.reddit.com/r/askcarsales/comments/bxxjrx/credit_score_and_interest_rates_on/?utm_source=share&utm_medium=ios_app

This person is setting them up for trouble, that's for sure.  But to be fair, FICO score does not indicate how wealthy one is.

marty998

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Re: Earns 48k per year and wants to lease a Mercedes
« Reply #5 on: June 25, 2019, 03:28:48 PM »
Mind boggling that someone with FICO score of 674 with a modest income wants a luxury car

https://www.reddit.com/r/askcarsales/comments/bxxjrx/credit_score_and_interest_rates_on/?utm_source=share&utm_medium=ios_app

This person is setting them up for trouble, that's for sure.  But to be fair, FICO score does not indicate how wealthy one is.

Yes, but no one should be leasing a car that has a sticker price of almost their entire annual salary.

peeps_be_peeping

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Re: Earns 48k per year and wants to lease a Mercedes
« Reply #6 on: June 25, 2019, 05:32:45 PM »
My former co-irker made $70k when she worked with me and while working there bought a new car that cost $72k. She also posts on FB about living paycheck to paycheck and once had to wait for payday to go out to a $10 lunch. I hold my tongue because we're friends.

jinga nation

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Re: Earns 48k per year and wants to lease a Mercedes
« Reply #7 on: June 26, 2019, 02:37:17 PM »
My former co-irker made $70k when she worked with me and while working there bought a new car that cost $72k. She also posts on FB about living paycheck to paycheck and once had to wait for payday to go out to a $10 lunch. I hold my tongue because we're friends.

ain't a friend supposed to say the truth, however unpleasant it may be? for long-term financial benefit

peeps_be_peeping

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Re: Earns 48k per year and wants to lease a Mercedes
« Reply #8 on: July 01, 2019, 04:04:01 PM »
My former co-irker made $70k when she worked with me and while working there bought a new car that cost $72k. She also posts on FB about living paycheck to paycheck and once had to wait for payday to go out to a $10 lunch. I hold my tongue because we're friends.

ain't a friend supposed to say the truth, however unpleasant it may be? for long-term financial benefit

I don't feel close enough to ask for details about her finances. We met less than 2 years ago at work and have lunch with 1-2 times per month. I guess it would feel like prying.

JAYSLOL

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Re: Earns 48k per year and wants to lease a Mercedes
« Reply #9 on: July 05, 2019, 11:03:18 PM »
Yeah, that’s nuts, glad to see some fantastic responses telling him he “has the choice to either look rich or be rich” and to be careful which he chooses.

v8rx7guy

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Re: Earns 48k per year and wants to lease a Mercedes
« Reply #10 on: July 05, 2019, 11:19:19 PM »
Yeah, that’s nuts, glad to see some fantastic responses telling him he “has the choice to either look rich or be rich” and to be careful which he chooses.

The person who posted that, posts here under the same username

JAYSLOL

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Re: Earns 48k per year and wants to lease a Mercedes
« Reply #11 on: July 06, 2019, 09:09:19 PM »
Yeah, that’s nuts, glad to see some fantastic responses telling him he “has the choice to either look rich or be rich” and to be careful which he chooses.

The person who posted that, posts here under the same username

Nice, I didn’t notice that, going to have to go back and check now