Good question. I'm 22 and just graduated college with a finance major and am a financial analyst for a top company. All I want out of life right now is a 26-29' cat...and yes, 100K is a very good estimate. I plan on buying one within the next year. How? Saving a little here and there, having no other bills (besides my new house) and then financing it. I could afford it now, but I had rather wait just to make the timing is perfect.
My estimate is a $700-750 monthly pymt (not including insurance-watch out for that), and that is assuming the rates stay super low like they are now.
But my dad has a Malibu that I can use until I buy my own, so thats why I am just going to wait...and go all out. Patience isn't my best trait, but I have no choice.
Roln 20s