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My first car: 1989 240sx ~200k miles on it. Paid cash, it was 1500. Paint, interior, most everything was worn out. I had a blast fixing it up but i was into the car $8,000 when my 2nd engine (SR20DET) started spewing blue smoke and lugging around town. I traded it to a friend for a running G20 worth about 2k.
I lived for that 240, spent 75% of my income per month on it. It was awesome, but when it was over i was in a stock G20 just to get to work.
If you can get a good interest rate and be about 350 a month for a nice new car that will last its not too bad. I spent way more than that on my 240 through repairs upgrades and mods. Granted you may need to keep your car stock till its paid for.
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