[jmaryt]

Originally Posted by lemonspeakers

I had absolutely no idea what this car was when I first saw it. Never even heard of it! Design wise, it blew me awayyyyyyy! I immediately fell in love with it. The last time this happened was the 1999 Eclipse GST (Never owned it- Still lust it). After seeing the scion logo, I thought, OMG! I might be able to afford it…

Anyways, I’ve been going back and forth about this car and asking myself if I can afford it. I am just going to lay down everything about myself and it’d be nice if someone can tell me whether I’m more than ready to buy it or to wait, or I’m poor as hell.

1) I’m 26. BS Degree in Computer Engineering/ Neuroscience with 18K student debt paid off.
2) Currently employed (3 yrs) in a stable job making $2,400 a month
3) Rent total is $700
4) I only have $5,000 in the bank in total.
5) Occasionally like to go out to restaurant and movies (~$50)
6) Spend around $150 every two weeks for food/etc.
7) Living with significant other.
8) Don’t know what my credit score is, but I’m sure it’s better than 650. Let’s just say it’s 650 for now.
9) Currently drive a 1999 Acural TL. Paid off.

Can I afford this car and still live comfortably or will I be scraping by, while being careful about how I spend money?

My current car is in great condition, engine wise. I really take care of it (Amsoil, etc).
But its exterior has met idiot drivers with dents and car-door dings.

How can I afford the FRS? Can I get a great APR below 2%? What about 1%?

This car is a WANT more than a NEED. And I definitely want to own it and not lease it. Later, I want to put a aggressive exhaust, lower springs, and body kit on it.

Originally Posted by whaap

Too many things play into figuring out the answer. I do have one rule though and I think it has served me well over the years. When in doubt, don't.

+1