Do You Thin I Can Get Enough Money?

Question

Im 13 And Im Planing On Getting A 2007 Dodge Charger At Car City For 26000 By The Time Im 16 Now Each Week I Get 10 Dollors For Doing My Chores And 2000 Dollors For Corn Detasling Each Summer Plus Im Planing On Working At Walgreens Baging Food Plus When Im Old Enough Work At Starbuck Will Iget Enough Money?

Answer 1

Well by the time you turn 16, they wont have any 2007 Dodge Chargers like the ones they do now. They'll have used ones only, and maybe even a new design. So if you want the 2007 dodge charger when you 16, you'll have to buy it as a used 3-year old car, they wont have a new 2007.

Anyways, if the car your gonna get is gonna be $26,000 when you turn 16, no you will not have enough money. Even if you get $10 a week for 3 years, you only have $1,560. That's if you get paid every week and you never spend it. You have 3 more summers left as well, which is $6,000. Even if you work for 2 years, (which depends on the legal working age where you live) you might get about $10,000 at most after taxes. Again, thats if you dont spend anything. So you'll have about $17,000 by the time you become 16. You'll be able to get a 2007 model as a used car in 2010 for that price probably, but not a new one. Add in dealers taxes, insurance, gas, etc and owning a car becomes very expensive.

I recommend just buying a used car as your first car. Something for around $6,000-$10,000. You'll have money left over for it as well.  

Answer 2

Have you ever thought what it would cost to maintain a car with an engine like the new Hemi that has 16 (yes, sixteen) freaking spark plugs in it?

Nevermind that this will be a used Chrysler product that is an electrical nightmare to deal with.

Good luck, but you might regret this one.

Look but don't touch!

Answer 3

520 X 3 = $1560 (ten dollars a week times 3 years)

2000 X 3 = $6000 ( your 2000 a summer for 3 summers)

350 X  24 = $8400 (350 a month by 2 years from starbucks)



  $15,960 at best however 3 years from now the value of a 2007 charger will be less so you may be able to buy it out right 3 years from now

Answer 4

yea you should have plenty with the walgreens and starbucks  jobs just work like 30 hours a week on each which is a little rough but youll get it

Answer 5

good luck.hard work and perseverence will pay off in the long run.

Answer 6

by a 3 yr old one that has been taken care of...

Answer 7

Lets do the math

10 dollars for chores= 1564 dollars

2000 from corn stuff= 6000 dollars

Walgreens (minimum wage depends on where you live) cal it 6.55hr and 20 hours a week with school. =20,436 dollars

You will have enough but I wouldnt reccomend buying that car at 16. The insurance for a new car and a young driver will be very expensive. Also taxes will be very high. There is a lot of great cars you get for around 10000.

Answer 8

Do the math.  At least you are on the right track and with a firm goal in mind I bet you will reach it.  Good luck.

The goal is a bit steep; you'd need at least $8700 a year,  but don't let that deter you.  Keep working your goal and new opportunities will present themselves as you go along.  In 3 years you might even have a new goal, or you may find a way to get a good used car temporarily.  B e flexible for new possibilities, but never take your eyes off your goal.