well, its finally happening...

[carbonBLUE]

Ive waited a very long time, and finally the time has come, enthusiast s are being handed their keys after a long 5 year wait(well some of us have been waiting that long), personally back then I didnt know wether or not the concept would have gotten this far...

Im glad 5 years ago when I was 16 I decided to put away 4k every year as a hope this car would make it to show room floors, I was broke up until I was 18 and was able to get a better job, and I feel like its paid off...

Also I saw another special trait about this car, its a dream car you can actually afford... Not some 100k 200k car or a million dollar exotic... But still carried the traits of a ground up purpose built car(despite the fact it doesnt have a million HP)

My FRS will be here on my birthday and will be the 5 year anniversary of my very patient wait

I can gladly say im one of the few people who got to see and drive the frs/BRZ that wasn't a magazine reviewer or one of the lucky 86, in a way that makes me even more lucky, on my birthday I will be turning 21 and ill be having a beer to celbrate 5 years, a lot of luck, and to give a silent toast to tada to thank him because I have a love for 90s sport coupes but wasnt old enough to enjoy them when they were new, and how the frs gives my generation a chance to live that genuine experience

I plan to enjoy this car for the next 50 years or untill we run out of petrol...

Thanks tada cheers

[thill]

Congrats man. Refreshing to see a young person save up for their dream car vs taking on instant debt. I am happy for you. When do you get the keys?

[ngabdala]

Very happy for you. Don't drink and drive. That's all for now

[Dark_Angle]

Congrats. You know the deal (lots of pics)

[tripjammer]

Congrats bro!

[carbonBLUE]

Originally Posted by thill

Congrats man. Refreshing to see a young person save up for their dream car vs taking on instant debt. I am happy for you. When do you get the keys?

June 20th the car may come sooner but ill wait a few days just so i can have that special moment to myself

[carbonBLUE]

Originally Posted by thill

Congrats man. Refreshing to see a young person save up for their dream car vs taking on instant debt. I am happy for you. When do you get the keys?

Actually im going 10k down to build credit, lol... I have the money but no credit... So this will also be a good stepping stone to getting a house one day

[thill]

Originally Posted by carbonBLUE

Actually im going 10k down to build credit, lol... I have the money but no credit... So this will also be a good stepping stone to getting a house one day

That is smart. If you really want to build credit fast, pay off that loan as fast as you can It will also save you lots of money in interest payments. Also make sure you get an autoloan that has no pre-payment penalty. It is pretty rare to see them now, but they still exist (where you have to pay a penalty to pay your loan off early).

[Guff]

Exhaust and I are getting first dibs on rides!

Exhaust can sit in the backseat...

[yayforaddison]

Originally Posted by carbonBLUE

Actually im going 10k down to build credit, lol... I have the money but no credit... So this will also be a good stepping stone to getting a house one day

Someone is being really smart here


I'm doing something very similar an it's a refreshing feeling.

[Dark_Angle]

build credit = more interest paid over time. Don't pay it off asap.

[MrFRsLa]

Good for you man! If your ever in LA let me know and I'll come blow your doors off! This a late B Day present for me as well. Just turned 23 in April. Yeah don't drink and drive!!! And pull a drift for MrFRsLA!

[Liquidsnake]

I like this guy. Such passion and patience. At his age I would have caved into another car by now.

[mines13]

Nice job, respect.

[MrFRsLa]

Get yourself some nice personalized plates like: 5YRWAIT (5 year wait) or 86DAT21 (86'd at 21) or SVDTL21(saved tell 21)

BTW my votes for 86DAT21 ( i got 86d from a lot of bars at 21 LOL)

[Turbowned]

Great story! I wish I could've been so diligent; I wouldn't be running around like crazy trying to put a down payment together last minute. I guess I wasn't as confident that they would actually build this car!

In any case, it's gonna be one hell of a birthday! Congratulations!

[carbonBLUE]

Originally Posted by Turbowned

Great story! I wish I could've been so diligent; I wouldn't be running around like crazy trying to put a down payment together last minute. I guess I wasn't as confident that they would actually build this car!

In any case, it's gonna be one hell of a birthday! Congratulations!

Yeah and I made my decision off this and a bunch of rumors, I remebrr when people speculated 250 na HP and 200 lb ft... Lol
Ohh yeah and the franken mule had a sharkfin antenna, why didnt the production at least give that lol...

[KevinDuMa]

Congrats man! I see you're from Dallas we should all have a meet when we get our cars

[michaelahess]

Very awesome story and very good job at saving! I bought my celi at 19 and could barely afford the payments. You are on a great path for the future!

Oh yeah, and at least pay off for 6 months (3 if you have any credit established), after that you won't get much credit benefit. Divide out your payments so you pay all but the 6 months, that way you don't pay more interest than you need to!

[Liquidsnake]

CAN TOYOTA JUST RELEASE THE CAR TO EVERYONE NOW!!!!!!!!!!!!!!!!!

Jesus. I am sick of waiting!

[ruskymx]

Originally Posted by Dark_Angle

build credit = more interest paid over time. Don't pay it off asap.

Don't pay it off too quickly because contrary to what most people think, it won't help that much. Now that doesn't mean that you can't make double, triple, or quadruple payments and make sure to tell the bank to apply extra payment to the principle. The last part is VERY important. If you just send extra money in and don't tell them what to do with it, the bank will apply it to your future payments so they can collect as much interest as possible.

I'd suggest keeping the loan for about a 12-18 months. I had a young customer about a year ago that was able to get a loan through his credit union for a inexpensive used car around $6-7k and he paid it off in 6 months. Well, when he decided at 9 months that he wanted something different, even his credit union wouldn't give him another loan because of not enough credit history and he didn't make enough payments on his last one. I know it doesn't make sense but that is how many banks think when evaluating a consumer in regards to granting them credit.

If you have the money to pay for it, put enough down so you finance $10,000. This way, the interest charges won't be a lot if you finance it over 3 years. A 3 year loan even at 5%, the payment is $299 and total interest charges are $789 over the entire 3 years. If you stretch it to 4 years, the payment goes down but the interest jumps $300. Be prepared though that you may not be able to get top tier rates because of being limited credit history, but with a huge down payment, you should get a fairly reasonable rate.

Check out dealer rates & credit unions. In your situation, from my experience, a credit union may be your better bet. My dealership can usually match or beat most rates from other lenders/credit unions, but not with your situation.

Congrats and enjoy! I wish I was as disciplined with money when I was younger as you were. I would be in a much better situation now if I was, but oh well. I chalked it up as a learning experience and a costly one at that.

Oh, and one more thing. When you are out celebrating your 21st, it would be a good idea to leave the FRS at home and have a DD lined up.



Ruskymx

[Turbowned]

Originally Posted by carbonBLUE

Yeah and I made my decision off this and a bunch of rumors, I remebrr when people speculated 250 na HP and 200 lb ft... Lol
Ohh yeah and the franken mule had a sharkfin antenna, why didnt the production at least give that lol...

Well what turned me off initially was that the projected weight kept going up, the projected horsepower kept going down, and the projected cost kept going up. While I'm still not totally thrilled with ~2750lbs and 200hp for $25k, it turned out to be good enough and the mountain of positive reviews and wealth of information on it's development and pure purpose made it the clear choice for me once I knew it would finally get built. Now I'm just sad mine won't have Toyota badges on it