[new2subaru]

Originally Posted by Irace86.2.0

I can name a few, but I work in a hospital so $$$.

How many people do you know that don't borrow money to buy a car or lease one? More borrow to buy a house, than to buy a car--this I concede--yet it is a stretch to say that if someone has to borrow money to get a car then they can't afford it. And I was making mostly a joke there, hence the overuse of smilies.

I was just raggin on TCoat for the kudos he was giving the OP, "It is refreshing to see a responsible and reasonable action taken on here for a change." You gotta mess with TCoat from time to time.

I was also pointing out that the OP is probably just taking a short hiatus from the 86. Most people reduce their debt when they buy or maximize their down payment to lower their payments. Sometimes there is a need to secure at least 20%, so they can avoid gap insurance. After the purchase the OP will likely get right back into the car. He even mentioned coming back if the 86 gets more power (which will likely be the more expensive option).

I was also saying that if this car payment is cost prohibitive (on a car this cheap) then the mortgage is not following the rule of only being 30% of income (most likely) and maybe the mortgage isn't a "responsible and reasonable" thing, but buying smaller or renting cheaper would be more responsible and reasonable. And if a $5k Miata, or other cheap, used car is cost prohibitive then that mortgage is an even scarier proposition.

Again, another dig at TCoat who waited 20 years to get back into sports cars, and a joke, when he said sports cars have to wait and I said I don't understand that statement. I know people who autocross things I hate to even call cars, that you couldn't sell or give away, that you would have to pay someone to take off their hands, because cars and racing are their passion. Some people are picky about what they drive, some don't have the space for a sports car, but for those with the passion, few truly lack the money. And if the OP is buying a home, then he doesn't lack the money. Regardless, by his own words, it is probably just a short term thing.

Gotcha. I was in the same boat as Tcoat and I'm sure many others. I waited well over 20 years to get back into a sports car. I suppose I could have got back into one earlier but it wasn't even on my radar. It was a different time I guess, but I do see a lot of people struggling harder than I did.

Regardless, prior to buying my first home I made sure I was debt free. It's a nice place to be. There can be a lot of unforeseen expenses that can come up...