Help please (please don't lock)
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Senior User
Joined: Jan 2010
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From: Great Falls, MT
Help please (please don't lock)
Okay, I know this probably isn't the right forum for this but I figured this might the most effective for my question. I'm going to basic this summer and junk for army. Get I finish my training, I'll be making enough to buy a mustang but I want to buy a 2012 Super Snake. However, I haven't been able to find anything on it, AT ALL! I know it's out there, but it's not on Ford Vehicles or Ford Racing, and the Carroll Shebly only lists the 2011 super snake. Could Someone please help out? Then mods are more than welcome to lock this and I"ll crawl back to my dentside forums. Thankyou.
4wd Low
Joined: Jan 2006
Posts: 14
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Big_Dom,
This will get locked, so I'll make it quick.
I was stationed at Malmstrom from 2003-2006 and just retired from the USAF on 1 Jan after 20 years. Speaking from experience, you will NOT be able to afford a Super Snake unless you have another source of income other than the Army. Hell, I can't afford a Super Snake. Actually, you will barely be able to afford a nice used car with all of the other "distractions" that you will encounter, but that's OK. Start saving 10% of you paycheck before you obligate yourself to anything else (pay your self first) and start saving up for a dream car later in life. By the way, "dream cars" come and go and you will regret getting yourself in massive debt over a car that will age and depreciate quickly.
Good luck in the Army and thank you for protecting our country.
This will get locked, so I'll make it quick.
I was stationed at Malmstrom from 2003-2006 and just retired from the USAF on 1 Jan after 20 years. Speaking from experience, you will NOT be able to afford a Super Snake unless you have another source of income other than the Army. Hell, I can't afford a Super Snake. Actually, you will barely be able to afford a nice used car with all of the other "distractions" that you will encounter, but that's OK. Start saving 10% of you paycheck before you obligate yourself to anything else (pay your self first) and start saving up for a dream car later in life. By the way, "dream cars" come and go and you will regret getting yourself in massive debt over a car that will age and depreciate quickly.
Good luck in the Army and thank you for protecting our country.
Laughing Gas
Joined: Oct 2003
Posts: 967
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From: DC
You probably don't want to hear it, but REACT is 100% correct. That car will cost several times more than your annual pay. It will (I'm guessing) be your daily driver and sit in the lot outside the barracks. It will sit for months while you're deployed, corrode and depreciate. As an E1-E3 you should be looking at cars in the $7000-$8000 range, or better yet, keep what you have and save, save, save.
Thank you for your service to America!
Thank you for your service to America!
Freshman User
Joined: Feb 2011
Posts: 25
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Coming from another serviceman... Please heed the advice of the previous two fellas. I've seen too many young enlisted people get in big debt fast and screw themselves for many years over their bullheadedness. Good luck and welcome to the club!
Senior User
Joined: Jul 2005
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Okay, I know this probably isn't the right forum for this but I figured this might the most effective for my question. I'm going to basic this summer and junk for army. Get I finish my training, I'll be making enough to buy a mustang but I want to buy a 2012 Super Snake. However, I haven't been able to find anything on it, AT ALL! I know it's out there, but it's not on Ford Vehicles or Ford Racing, and the Carroll Shebly only lists the 2011 super snake. Could Someone please help out? Then mods are more than welcome to lock this and I"ll crawl back to my dentside forums. Thankyou.
Instead do something that will make you the envy of your peers for years down the road: Take a portion of your pay and run down to Fidelity or Ameritrade and fire up a Roth IRA, and invest that money in a company with a 5% or higher yielding dividend and enroll that investment in a dividend reinvestment program. The 5% dividend will then begin buying more stock in the company without paying any commissions and your investment will begin to grow through the power of compounding interest. And then, when you retire you will be able to pull the money out of your Roth IRA tax free.
Posting Guru
Joined: Nov 2009
Posts: 2,016
Likes: 3
From: NC
If you take your GT500 to Shelby, they will make it a Super Snake for $34,245.
Total price (wait for it.................)
$82,894.00
An E3 in the US Army (less than two years of service) makes $1706/month.
Drum roll please...
$82,894/$1706 = 48 months (without any interest)
So as long as you don't spend ANY money on ANYTHING else, you can own the Shelby in 48 months.
Oh, but wait. If you're paying for it with a loan, the finance company is going to want full insurance coverage.
Wonder what yearly insurance will cost for a 20-22 year old male with a 600 hp car? I'm willing to bet it's more than $2000/year.
Sorry, but listen to these very wise people. Focus on building a financial foundation (long term and short savings and good credit rating) before you reach for the gold ring.
And good luck in your military career. If you take it seriously (and I hope you do), you will find it to be the most demanding and rewarding time of your life.
The military is not a job; it's a life choice.
Total price (wait for it.................)
$82,894.00
An E3 in the US Army (less than two years of service) makes $1706/month.
Drum roll please...
$82,894/$1706 = 48 months (without any interest)
So as long as you don't spend ANY money on ANYTHING else, you can own the Shelby in 48 months.
Oh, but wait. If you're paying for it with a loan, the finance company is going to want full insurance coverage.
Wonder what yearly insurance will cost for a 20-22 year old male with a 600 hp car? I'm willing to bet it's more than $2000/year.
Sorry, but listen to these very wise people. Focus on building a financial foundation (long term and short savings and good credit rating) before you reach for the gold ring.
And good luck in your military career. If you take it seriously (and I hope you do), you will find it to be the most demanding and rewarding time of your life.
The military is not a job; it's a life choice.
Tuned
Joined: Jun 2004
Posts: 338
Likes: 2
From: Northern MA
10% to IRA, Leverage a nice duplex someplace and rent out half, or rent out the whole thing if you get shipped off.
Thanks for your service, each and every one.
Thanks for your service, each and every one.
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The military now has a thrift savings plan TSP option now. Buy into that as it will be easier for you to manage your money.
Buy into the GI Bill as well. If you do get out, you'll be able to get a State University education for the cost of your contribution.
Buy a vehicle with in your means.
Buy into the GI Bill as well. If you do get out, you'll be able to get a State University education for the cost of your contribution.
Buy a vehicle with in your means.
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