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As one of my colleagues (with whom I was in school with 10 years ago) reminded me, you really don't want a nice car in college. Between 21st birthdays and other festivities, there is a much greater than usual risk of someone tossing their cookies in or on your car. You never think it will happen to you, but it happens.
Brett |
This is why I wish loans never existed, because it allows people with no business buying something to be able to borrow it. While borrowing it, people often say "I just 'bought' a new car. I'm only paying x% interest on it too!"
This is bad, you should never feel happy about paying interest, no matter how low it is. Even if it's 0%, you're still buying something that is out of your reach and placing yourself in debt. Debt is the reason why this country is going to shit, we don't know what responsibility means anymore. All we know is we want something and we don't care what it takes to get it as long as we can get it NOW. |
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Getting in over one's head is one thing, being intelligent and cautious is not. |
Please introduce yourself here.
Stuff like this should really go in Off topic area. We just had a discussion about this last week or so and the responses were pretty similar. :search: |
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OP - You can't afford this car. Trust me, I have more loans than you are going to have but you have no idea just how much strain they will put on your life. Work as hard as you can and pay down as much of those loans as you can while you are in school. |
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I was in the same situation when I started college in '04. Back then when it was the WRX/Celica/Prelude/S2000/RSX..etc. I wanted to get my hands on one of these cars. But I knew I couldn't be able to afford it. With tuition, rent, and expenses. However, I was fortunate to have a hand-me-down: 1987 Toyota Supra NA (2nd Generation owner). Then I graduated, struggled to land a job (9months), got the job and getting paid well!!!! Now, FR-S is in my sights. Going to turn Supra into a project car.
Can I afford the FR-S now, HELL YES!!! Could I have afforded a car like the FR-S back in college, HELL NO!!!! Hope this helps you out! :thumbup: |
the fact of the matter is, if you really truly want something you'll find ways to obtain it.
alot of the advice in the thread is sound, but its your life. |
YOLO!
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If you have to ask if you can afford it you usually cant afford it
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How much is a lot? Like, more than once a week? You always paying or does she contribute? My advice (probably not the greatest) is to try not to get her used to a lifestyle that you can't really afford. Otherwise you won't be able to properly afford the things you want/need because you're getting her the things she's used to but doesn't necessarily need. |
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To the OP: If I was you I'd keep the car I have and save as much as I could or pay as much of college as I could. Earlier in life I didn't buy a car until I absolutely needed it. I was able to enjoy life alot more. I had no money troubles and little stress. When I'd go out to eat with friends I never worried about how much something on the menu cost, I'd just buy exactly what I wanted. My own "rule of thumb" is to purchase a car that is half my yearly pay or less. That leaves plenty of money left over to have fun. |
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Been there, done that. Hindsight is 20/20 though, right? I'd hold onto what you have. But if you really are bored with the Civic, sell it and buy something cheap and fun. There are plenty of great used cars out there. Treat yourself after you have a full time job and your debt is paid down, or is only a small fraction of your total income.
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Aw.... You only live once..... go ahead and get the car, use all the money you been saving to pay off your school loans and eventually get a new place, and put every dime of it into the new car. Then you can move out of the house and live with your friends in your new car! Like this......
http://s3.amazonaws.com/readers/2011...familia1_1.jpg Seriously, getting a new car in your financial situation would not be very smart move on your part. Save up, payoff and leverage that education to get the job and career you want, keep saving, then get the car of your dreams. |
I am pretty sure you won't get $17k for Civic trade-in. Sell it yourself probably will be a hard time for $17k too. Normally should look at fair condition for KBB when dealer want to buy a car, so it's in $13k range
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you can get a lightly used g35 for under 20k just sayin.
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I agree with the above quoted post and I'll take it a step further, sell the Civic, pay down your bills and do without a car. Cars are relatively quick deprecating assets and by the time you graduate the Civic will have lost much of it's value not to mention the insurance, gas and maintenance you'll pay. I vote for a used FR-S after you've been working a couple of years and frankly there will be another car out there that excites you by then and the FR-S will seem old and stodgy. Good luck and why don't you post your decision so all of those who posted know their time spent responding wasn't wasted? |
I think you should also ask your parents if they would be opposed to you getting a new car considering they are giving you a free place to live. May sound silly but there are a wide variety of parenting thought when it comes to money and their children.
I just got a job recently after college and like you live at home for no charge and make enough to afford this car. But I still ask my parents if they would mind because even if I don't agree they have the right to tell me they want me to move out on my own in which case I might not be able to afford the car and pay all the bills that come along with living on your own. Also, how secure is your job and will you still be working there when you transfer university? If you lost your job after you bought the car what would you do? |
i'm slightly older than you [op], since i had a few year blank in my life, but i'm going back to school [junior] starting this fall...
i shouldn't buy this car, but i'm going to... cuz i do wut i want ! ima throw down roughly $12k for dp and use my disability checks for the monthly payments, insurance, gas, etc... $220/month for 72 months @ 8%... but screw that, ima pay off that shit in 36, y0 ! yea yea, pretty stupid to take an 8% interest rate, but i need a car once school starts and i really want the fr-s... if 8% is the best i can get, so be it; i almost lost my life in an auto accident back in 2008 and now i really live by the motto: "you only live once..." i'm a type_0 and a huge car nut, so getting a used car is out of the question and if i'm going to buy a car, i want one that i will keep for a very long time... get a cheaper car now [that i don't want] and a better car [i really want] later??? nonsense... at the end of the day, you make the final call, so just do whatever the hell you want... because in the grand scheme of things, buying a car is such a small factor in your life... good luck~ |
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go big or go home :D |
If you can make the financials work then yeah go for it. IF you cant? then dont.
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I have 2 pre-orders at Scion and Subaru.... after i learn about the price with subaru i wil be heading to the subaru side.... they both are good dealerships i assure they won't do a crazy 1k-2k markup like some other dealerships... i made sure they would be giveing me MRSP+DES.... but since i will be getting my car at Subaru i don't want my scion pre-order to go to waste i'm #1 on the pre-order for a Asphalt Manual.... so if anyone wants my spot and still looking for a FRS u can take it if ur willing to head to michigan where i live..... but if there are no takers i prolly will get my $500 back when i get my BRZ
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The car wont be that great if you can't afford fuel, much less go out with friends. Wait a while when the payments are nothing to think twice about...
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My car's aging, so I gotta sell it as soon as possible, and all 3 of my cars have been used, so I'm sick of the lemons getting tossed in my direction. Also, it's like IMPOSSIBLE to find a decently priced/GOOD condition/non-salvaged car in SoCal. Can't even find a decent beater anymore, because everyone's hanging onto their cars due to the financial crisis, nah mean? So sad so sad :( |
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One other thing I would add is that while you are patiently biding your time to get your hands on one of these cars.......READ. Read and learn as much as you can about cars and go to meets and talk to people, go to install days, maybe go to a few autocrosses (yes even in your civic or just to watch). Might as well be ready to swap out your own brake pads, learn what sort of modifications make sense if you're into that, change oil, etc etc etc.
You'll have a much greater appreciation and understanding of the machine and feel more confident with it when the time comes to get one. Even if you're not into the car scene all that much and just want a fun daily driver, being able to do basic maintenance (or understand what a mechanic is talking about) gives you such a huge edge in the future it's absolutely worth it. And if you are into playing with things then you'll have a little more confidence talking to people and vendors. - Andrew |
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Im in a similar situation thought i'd throw my 2 cents in. I'm 18 and starting a 4 year college in the fall and I really want this car. So i'm using this as my motivator to finish college. Just think what these things are gonna be like in 4 years!
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yea, but you will miss out on driving/enjoying it for exactly that much longer as well...
though, i will be holding off until next year to save up and see real-world feedback... |
I'm in a similar boat as the last few, I'm getting the Argento for my family as a daily driver. I'm getting ready for have one final year of school, but half of it is clinicals where I'll be driving an hour or more a day to get to a large enough hospital to do clinical rotations 5 days a week. So I decided to sell my 1968 Camaro so I can buy myself an FRS of my own. I could wait a year but my current daily driver isn't holding up too well.
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and here I was being unhappy since my credit union show me I was " A class " borrower instead of " A+ class " I am looking at 2.5-2.75% apr , but I guess it could be worst. |
Keep the civic bro, in your situation you don't need to put yourself in debt with an unnessary expense like a new car. Wait until you're done with school and have about a year into your job before you start considering a new car. You'll be in your mid twenties so you'll have extra BS money if you aren't already piled up with debt.
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Same situation.. I'm 20, however, going back to college next month for automotive technician and that's like 2 years (w/ coop) + 3 years of full time working..
By the time i get my AST after the 3 years, I can purchase the car (cash) and keep working wherever I will be working at.. hopefully a Toyota/Scion dealership hehe~ So now.. to your answer, make sure you have a sure win plan in your future, but hearing from your current situation, DON'T DO IT~ even if I have this plan.. I still have to work that 5 years to be ABLE to afford it on my OWN, and I still haven't included finances, maintenance, etc. |
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