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Old 10-14-2013, 07:03 PM   #66
jeffchap
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Join Date: May 2013
Drives: 2013 Scion FR-S Raven 6MT
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Quote:
Originally Posted by Marchy View Post
if your lady has big plans, that's going to be a big cost and i'd hate to see a post in 6-12 months saying that you have to sell the car to pay for a wedding or something.



Not me. I'm always happy to see a good deal on a low mileage used car.


If you were my son, my advice would be to buy used for now, even if you do feel that you can afford the FR-S. Insurance on this car is going to be high for a single male under 25. Plus it requires premium gas, so plan on your gas allowance going up.



If you don't have 2 - 3 month's expenses in savings, as well as setting aside at least 10% of your income towards retirement, then that should be your priority over a new car, no matter how sexy it is.



I didn't buy my first new car until I was 45 years old, not because I couldn't, but just because it was never financially smart to do so. You can get a really nice, one or two year old vehicle that is almost like new, and let someone else take that huge new car depreciation.



Once you're more established, there will always be another new model coming out every year, I promise.
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