| BrianFRS |
05-13-2014 09:01 PM |
Quote:
Originally Posted by F4ith
(Post 1734270)
Definitely budget for insurance BEFORE you crunch numbers. I pay my annual policy all at once because I can and it's cheaper.
I could've/would've done 20%(I thought 20 was the recommended?) if I financed but I didn't want to be tied down to a 6 year payment of $400+/month. Also leased in case they turbo the car or the value of the drops significantly and I have a warranty.
Assuming you just graduated in a pretty stable career, and you're not stretching your budget too thin (hope you're smart enough to not fully disclose your budget as some people here are already assuming), you should be ok.
Some food for thought for those who saved up to buy it all at once...you can't buy back your time. I've read on a random forum somewhere on rolex's that some guy waited 5 years to save $2k on his watch...that's 5 year's he could have been wearing the watch. The time it takes anyone our age to actually save up to buy this car straight cash, that's time wasted being envious of drivers. Unless one lived in a cave and had no social life than yea you can probably save in 1-2 years. And by the time we REALLY save up for this car, how many years would we be able to enjoy it before the wife makes you sell it for a van?:iono:
***Assuming a college grad is smart enough to save for the engagement ring, wedding, and down payment on a house that should all happen around the age of 30 + or - a few.***
Not implying that the advice everyone's been giving here is wrong, just different for everyone! All the advice in this thread is very helpful and should be taken seriously into your decision. Lol I'm only giving you the benefit of the doubt bc I know how it feels to have people assume less of you because we're so young. Anyone in the sciences field should be able to easily afford the finance. Yes, those can argue about getting laid off or other circumstances, but again, giving you the benefit of the doubt! Should go without saying that if you get yourself fired for doing somethign wrong, you're an idiot...
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Thank you for this. Lol. I understand it's commonplace to think most young people can't manage their finances, and for a long time, that was true for me also. I have been rearranging my life, and making better choices, slowly but surely.
With that said, I do agree on the not being able to buy back time. I've already wasted a year, almost two, since this car has been released. I could wait some more, and save up for a decent down payment, but in the time that I would be saving, I could be using that same money on the car itself. Yes, I might end up with a higher monthly payment, but not by much. And I'm not the kind of person that needs extra cash to go out every weekend. That doesn't mean I won't have money for emergencies, like taking my dog to the vet. I've taken that into consideration too. Along with insurance, along with maintenance.
I'm actually really excited about the idea of staying home, and detailing the car, or making minor mods, or even just sitting in it. That's how much this car means to me. It's basically my childhood dream come to life. All that's stopping me is doubt. But I know I can afford this car. As long as I make the right choices and stick with it. Losing my job, that's something I can prevent. And I work hard, even with only a year of real world experience. I'm fortunate enough to have landed the job I have now, and I won't let anything take that away from me. The only way from here is up.
But I do appreciate all the advice everyone has given me on the matter. This community is one of the best among the car world. And it's only just begun. |
