Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community - FT86CLUB - View Single Post

AG74683 · 04-26-2014, 10:44 PM

I know this isn't the standard post for this forum, but I thought I'd ask since the group here is either in my same situation, or has "been there done that" and knows if this would be something I regret ten years from now. Please delete or move if this isn't appropriate for this area of the forum mods!

Anyways, I am looking at purchasing a BRZ. I've never bought a brand new car. I have really only owned two in my life time (98 Jeep Wrangler - Sold, and a 99 Jeep Cherokee, current DD). I'll bullet point the pertinent info...

I am 26 years old
I hold a steady job, making in the low 40k range
I am single
The only debt I carry is student loans (which I do not plan to pay off immediately.)
I rent, I do not have a mortgage or home repair concerns
The BRZ will NOT be a daily driver. It will be a second car for longer journeys. My work commute is less than a mile.
Insurance wise, I am looking at approximately 70-80 a month for my Cherokee, renters insurance, and the BRZ...reasonable IMO
I will be looking at a 5k deposit approximately. Shooting for a 60 month finance rate (I want to be around $350 per month on payments...I do want to avoid the 72 month financing.)

If I have forgotten any necessary information, please let me know and I will answer as soon as I can. I graduated college in 2011, took my current job in late 2012. I haven't ever been pressed for money since I've been on my own. I live on a strict budget, not because I need to but because I want to. My concern is that at my age, I have better obligations to put my money towards. However I also believe that if one where to purchase a car like the BRZ...your mid 20's are the target area. It is an enormous decision and I am hoping to get some insight from you good folks here.

Again, sorry if this has been posted a million times, or doesn't belong here. I did search but didn't see too much in the way of answers for this question. I contacted Clint several months ago, but I decided to pay off some credit card debt I had and finish paying off my Cherokee in order to shed some monthly payments and save up a bit for a down payment on the car.

Thanks!

04-26-2014, 10:44 PM	#1
AG74683 Junior Member Join Date: Oct 2013 Drives: 1999 Jeep Cherokee Location: United States Posts: 9 Thanks: 0 Thanked 4 Times in 2 Posts Mentioned: 0 Post(s)	Can I afford this car? I know this isn't the standard post for this forum, but I thought I'd ask since the group here is either in my same situation, or has "been there done that" and knows if this would be something I regret ten years from now. Please delete or move if this isn't appropriate for this area of the forum mods! Anyways, I am looking at purchasing a BRZ. I've never bought a brand new car. I have really only owned two in my life time (98 Jeep Wrangler - Sold, and a 99 Jeep Cherokee, current DD). I'll bullet point the pertinent info... I am 26 years old I hold a steady job, making in the low 40k range I am single The only debt I carry is student loans (which I do not plan to pay off immediately.) I rent, I do not have a mortgage or home repair concerns The BRZ will NOT be a daily driver. It will be a second car for longer journeys. My work commute is less than a mile. Insurance wise, I am looking at approximately 70-80 a month for my Cherokee, renters insurance, and the BRZ...reasonable IMO I will be looking at a 5k deposit approximately. Shooting for a 60 month finance rate (I want to be around $350 per month on payments...I do want to avoid the 72 month financing.) If I have forgotten any necessary information, please let me know and I will answer as soon as I can. I graduated college in 2011, took my current job in late 2012. I haven't ever been pressed for money since I've been on my own. I live on a strict budget, not because I need to but because I want to. My concern is that at my age, I have better obligations to put my money towards. However I also believe that if one where to purchase a car like the BRZ...your mid 20's are the target area. It is an enormous decision and I am hoping to get some insight from you good folks here. Again, sorry if this has been posted a million times, or doesn't belong here. I did search but didn't see too much in the way of answers for this question. I contacted Clint several months ago, but I decided to pay off some credit card debt I had and finish paying off my Cherokee in order to shed some monthly payments and save up a bit for a down payment on the car. Thanks!