Canadian BRZ pricing announced - $27,295 to $30,495

[Enemies]

Yeah, I have to admit I'm not a big fan of getting another loan (already have one for the wife's vehicle). Kind of hard to go just from insurance to insurance + car payment.

But, I dunno. There's something special about this car. I wouldn't mind $600+ payments for 5 years.

[Marloon]

Originally Posted by Enemies

Yeah, I have to admit I'm not a big fan of getting another loan (already have one for the wife's vehicle). Kind of hard to go just from insurance to insurance + car payment.

But, I dunno. There's something special about this car. I wouldn't mind $600+ payments for 5 years.

On top of that, this is really a specialty vehicle as I would more than consider it as a 2 seater as oppose to the 2+2 that it is. I would have to say that 2-3 times/mo., there would be 3 people in the vehicle which is why my current sedan (2012 Elantra) is working out for me. Well that and it has great creature comforts, and its fuel efficient.

I really have a lot of thinking to do within the next few weeks as the Fr-S is first to get delivered. I really like the front of the FR-S in person but it just doesnt have the dual/advanced climate controls, heated seats, and Nav (though people would rather buy a pioneer appradio 2 right after they purchase the Fr-S).

The FR-S will bank around 550 for 60 months when released.

[CoryUyede]

Originally Posted by Marloon

On top of that, this is really a specialty vehicle as I would more than consider it as a 2 seater as oppose to the 2+2 that it is. I would have to say that 2-3 times/mo., there would be 3 people in the vehicle which is why my current sedan (2012 Elantra) is working out for me. Well that and it has great creature comforts, and its fuel efficient.

I really have a lot of thinking to do within the next few weeks as the Fr-S is first to get delivered. I really like the front of the FR-S in person but it just doesnt have the dual/advanced climate controls, heated seats, and Nav (though people would rather buy a pioneer appradio 2 right after they purchase the Fr-S).

The FR-S will bank around 550 for 60 months when released.

Its really hard to justify paying for 2 cars at once at your age..unless youre older and are most established financially( maybe you are? I don't know). You need to really decide how important this car is to you. situations can change in a heartbeat. If you decide you really really need this car, but NEED to keep the other, i suggest you get a cheaper "commuter" car. Although depending on your Hyundai's loan structure, you may have negative equity in it right now and maybe its not a solution for you.

You dont wanna regret car purchases though. They can be very costly mistakes

[Marloon]

Originally Posted by CoryUyede

Its really hard to justify paying for 2 cars at once at your age..unless youre older and are most established financially( maybe you are? I don't know). You need to really decide how important this car is to you. situations can change in a heartbeat. If you decide you really really need this car, but NEED to keep the other, i suggest you get a cheaper "commuter" car. Although depending on your Hyundai's loan structure, you may have negative equity in it right now and maybe its not a solution for you.

You dont wanna regret car purchases though. They can be very costly mistakes

I am 24 y.o. - recently graduated as an RN and on May 1, I have an interview for full time work at a local hospital here in the lower mainland (wish me luck?). I dont have any student loans as those have been paid off fully by myself as I was going through school.

From the way I see it, I realized that while I am still young and unmarried without any real financial burdens such as a mortgage or kids - i might as well enjoy my money as I can. Either that or I should just save up so that buying a house would be easier on me later in life OR getting married would be easy too. Too many choices which is why i love getting advice from those who are older than me.

I do have negative equity in the Hyundai loan right now which is why I am trying to pay it off faster now. Being full time will help accelerate the payments and I hope to be done the entire payment in 1 year (I am quite optimistic). In that way, I can also prevent the interests from accruing.

TBH, everyone I know has discouraged me from pre-ordering/purchasing this car due a) i have another NEW car for myself and b) its underpowered which it is.

more sound advice would help - especially from those who have lived longer than I have.

[CoryUyede]

Originally Posted by Marloon

I am 24 y.o. - recently graduated as an RN and on May 1, I have an interview for full time work at a local hospital here in the lower mainland (wish me luck?). I dont have any student loans as those have been paid off fully by myself as I was going through school.

From the way I see it, I realized that while I am still young and unmarried without any real financial burdens such as a mortgage or kids - i might as well enjoy my money as I can. Either that or I should just save up so that buying a house would be easier on me later in life OR getting married would be easy too. Too many choices which is why i love getting advice from those who are older than me.

I do have negative equity in the Hyundai loan right now which is why I am trying to pay it off faster now. Being full time will help accelerate the payments and I hope to be done the entire payment in 1 year (I am quite optimistic). In that way, I can also prevent the interests from accruing.

TBH, everyone I know has discouraged me from pre-ordering/purchasing this car due a) i have another NEW car for myself and b) its underpowered which it is.

more sound advice would help - especially from those who have lived longer than I have.

I wish you luck! If you don't mind me asking, what would a Entry Level RN make in BC? like $30/hr?

I'm just turning 30 soon, so i don't think i have much more experience than you do. If i may put something in perspective..I've owned 7 cars..so i know alot about car purchases for my age, and possibly rushed/poor decisions.

A person who's really stingy with money(not me) will tell you to get over this car for now, pay off the hyundai first, Work your butt off and obtain some liquid assets that can be put towards a large down payment on a home to make life easier for you down the road. The idea with this route is to Get your sports car later once you're "well off" and have some net worth to your name. Like i said before though, things change fast, later on, with a marriage and kids, a sports car may be the last thing on your mind.
These types of people will tell you not to spend significant money on a car because it's not an asset.

The flip side to this, is to just enjoy life and get the things you like . Just be sure to live within your means. It sounds fine when you rationalize to yourself and say, "well, i'll get myself something nice now, and i'll sacrifice later", but trust me, its not easy to get used to a certain lifestyle and have to downgrade later when your expenses change.

You could also wait a year and see what happens for the '14 MY brz/frs . By this time next year you've got positive equity in the Hyundai , your job position will have some stability/security, and hey maybe by then the FRS gets 25 more horsepower, the Genesis Coupe gets 'good' and honda/nissan start testing the waters .

I'm not trying to stop you from getting this car, don't get me wrong!
This car is amazing..there's alot of reasons to be gaga over this car, but when the 'honeymoon' of having this Brand new toy is over, you're left with the debt of Another car.

It's good to think everything over and be fully confident in whatever choice you make.

[Enemies]

I'm actually one of those people stingy with money that Cory refers to and the thought of having 2 car loans going at once would probably just stress me out.

Maybe stingy isn't the right word for me. I have no problem spending money on things that are worth it. I just really like researching my purchases and when I buy I never regret my decisions since it's so thought out. I just can't stand to buy crap or something that I'll have to replace or spend a bunch of money on because of going cheap so I always make really well thought out decisions (or so I'd like to think).

I have to admit I've stressed myself out over this car purchase just due to the whole "want but not need" thought process going through my head. The reality is though that I make more than enough money to afford it and I've 'sacrificed' for years. Time to reward myself... I think!

I'll never really understand the people saying this car is underpowered. For what it is, it seems absolutely perfect. Any changes to the car would have just driven up the price. I mean, hey, I'm not saying I wouldn't be happy with another 100 HP, a turbo, some more torque, Brembo Brakes, etc... But, I definitely wouldn't be happy with the extra $10,000 or whatever it would've cost to get all that.

Pointless late night post by me I guess... I guess what I'm saying is I really, really can't wait for my test drive. :P

[ArKiTeCkT]

Originally Posted by CoryUyede

A person who's really stingy with money(not me) will tell you to get over this car for now, pay off the hyundai first, Work your butt off and obtain some liquid assets that can be put towards a large down payment on a home to make life easier for you down the road. The idea with this route is to Get your sports car later once you're "well off" and have some net worth to your name. Like i said before though, things change fast, later on, with a marriage and kids, a sports car may be the last thing on your mind.
These types of people will tell you not to spend significant money on a car because it's not an asset..:

Well said!! IMO I would go with this route considering you already have a vehicle. Reason being, I would rather be ASSET-RICH and CASH POOR(own a home) than ASSET-POOR and CASH-POOR(own a car).

[Marloon]

Hey guys,

Thanks for all of the advice. I am going to accelerate my payments on the elantra first (I'll try to finish it within 16 months and then from there, I'll look to save towards an asset.

The problem is, I keep going back and forth with the car. Even my girlfriend is getting pissed off that I keep going back and forth with my decision. I am going back to Richmond Subaru today to refund my deposit.

Thanks guys!

The entry level wage for an RN is that + a little more depending on the shift. I just don't know what to do when I have extra income. When I see money, I spend money. I don't know how to hide it from my sights.

[ArKiTeCkT]

Originally Posted by Marloon

The entry level wage for an RN is that + a little more depending on the shift. I just don't know what to do when I have extra income. When I see money, I spend money. I don't know how to hide it from my sights.

Im 21, and have 30k in savings. Think about it this way you'll be saving for the future. Sacrifice today and be rewarded in the future rather than satisfaction today and sacrifice in the future. If you want to go to the extreme give your girlfriend your debit card and use your credit card between life and death LOL.

[Capt Canuck]

Originally Posted by Marloon

Hey guys,


The problem is, I keep going back and forth with the car. Even my girlfriend is getting pissed off that I keep going back and forth with my decision. I am going back to Richmond Subaru today to refund my deposit.

If you're going back and forth now, wait until 18-24 months from now when a turbo version is available.
Do you really want to buy 3 new cars within a 3 or 4 year period? Those are some really big depreciation hits to take.

I'm old (40yr) and have put the 'gotta have its' behind me, but not until I was in my 30's ;-) Apart from wanting it, there is no reason whatsoever for you to purchase this car. None.

I posted something similar in another thread, but basically this car is going to be around for a longtime. You will have the better part of a decade of being able to buy one of these cars new or lightly used and who knows what new shiney enhancements they'll do in that time.

This isn't the Canucks and their once every 15-ish years run to the Cup, where you might not get another shot. Keep you new enough Hyundai, get settled in your job, and take a look at where things stand in 2013 :-)

[Marloon]

Yeah. I have incredibly poor financial choices. I've downed 40K+ in photography gear in the last two years and most of the damage has been done by the girlfriend d/t gas and meals lol. But yeah, I love her so it's not so bad. Lol.

So are you going to spend away 30k for the car? Yikes!

[Marloon]

Yeah, I guess I'll step out of the rat race for now. Btw. Thanks everyone! I am so glad the people here have sense instead of the whole mob mentality like other forums.

[MTD]

Give yourself some time to at least get a ft job. Nurses can make some wicked cash once they have been working for a few years. My wife has been a ft RN for about 6 years now and she teaches RPN students at a local college. She has been making just over 100k for about the last 3 years. Pay the Elantra off first then get an FRS or BRZ when you are more financially stable.

[Dimman]

Originally Posted by ArKiTeCkT

Well said!! IMO I would go with this route considering you already have a vehicle. Reason being, I would rather be ASSET-RICH and CASH POOR(own a home) than ASSET-POOR and CASH-POOR(own a car).

And to put things in the West Coast perspective, tear-down houses in East Van are ~$1M...