FR-S or Veloster turbo

[cyphersk8]

Originally Posted by DrDuquette

No Car Payment at 18!!! Bad idea!
School First!!
Career Second!!
Notice I didn't say Job!?

Still driving my focus beater hatchback. Went to school, got the loans, got a career.... Still no new car. Damn I'm getting old too! maybe in a year I can get a used frs but ultimately I decided paying my student loans off was my first priority. /sigh responsibility sucks!

[Tman08]

Originally Posted by JDMrolla

get a car you dont want and youll be more reckless cause your wont really care about it

get the car you want and youll be more likely to take care of it and drive better

Both cool cars, but both different, id choose an frs

I would suggest having a stepping stone like approach to your cars. This way each new car is either an improvement or more appreciated than the last. My first car was a 90 camry rust brown at 17. I was able to move into my second car at 19, which was a TC with 20k miles on it, but in great condition. Now I am in a new TC (until I get the BRZ next Spring) mainly because I needed to establish my credit (which I now have).

Then again I don't know your financial background, plus the fact that someone has offered to pay fully for it. To me, first cars are meant to be dinged, scratched, and loathed.....plus at your age, you should take that money and SAVE it, to use more wisely during school.

my 2 cents...

[blackfireball5]

I plan on getting an FRS on my 22nd birthday come November. I will be a senior in college and i rent a home. I do however have a good paying job/internship in IT.

My father also will be asisting me somewhat, not because i'm spoiled, but because he's proud of me for good grades. I've been paying all my own bills since the beginning. I dont understand all the negativity? I've been in a car club and going to national gatherings since i was 10. Started racing at 16 (autocross, drags, and roadcourse). I honestly believe i'm a better driver than easily 3/4 of the US population, regardless of age. I'm a very defensive driver and always have been. I baby my 3000GT like its made of glass, and it shows in my driving. Why people instantly assume someone under 20 is incapable of being a good driver i don't understand.

Maybe I'm unique, but i don't like all the negativity towards someone because of their age.

On track though, everyone does have a point with money. I have my finances planned out for the most part. I'll be taking advantage of Scion's college grad program, getting $1000 off my car. I'm saving money, selling things i dont need, ect. I fell in love with the FRS and i need a car that i can rely on to get me places. My 3000GT is on its 3rd Automatic transmission and needs to go. I cant keep putting money into it. I want a car that is fun, good on gas, and is reliable. The Frs is that.

/Rant :P

[Tbxgz]

Man this thread blows my mind. I grew up owning some pretty nice cars but I never even dreamed about buying a new car at that age. Regardless of who you owe, 15k at 18 is a huge financial undertaking. Seems like a ridiculously bad idea to me...

Originally Posted by zelix

..however my dad told me to NEVER get in debt with a bank or anything, so instead he funded the other 15 thousand, and now I owe him.

Never get in debt with a bank or anything... And how do you expect to build credit again?

[moniz]

Originally Posted by blackfireball5

Maybe I'm unique, but i don't like all the negativity towards someone because of their age.



/Rant :P

Neither did I when I was your age, but the fact that we older ones have been your age, while you have yet to be our age means the majority of has have the edge. As I always tell my much younger sibling about how stupid she is and I know it's a fact because I WAS STUPID at that age relative to my age now! We offer the benefit of our hindsight, use it or ignore it, but don't ever claim no one tried to warn you.

[blackfireball5]

Originally Posted by moniz

Neither did I when I was your age, but the fact that we older ones have been your age, while you have yet to be our age means the majority of has have the edge. As I always tell my much younger sibling about how stupid she is and I know it's a fact because I WAS STUPID at that age relative to my age now! We offer the benefit of our hindsight, use it or ignore it, but don't ever claim no one tried to warn you.

You may have been my age but that does not mean you have been me. Each person is different. I'm not trying to stick up for the younger generation or anything, i know plenty of dumb ass drivers my age and younger. Just recently 3 out of 4 teens were killed in a car accident a few days before their high school graduation because they were joyriding and jumped railroad tracks. They were air-born for a while, lost control, and hit a telephone pole. One girl survived. But i also have encountered plenty of older idiots too. Some guy just yesterday looked to be in his 40's thought it would be a good idea to leave his car parked in the center of a busy street at a red light during rush hour. Literally just walked out and went into a store while his car sat in the center lane with its emergency flashers on. (He wasn't broken down because i saw him get in the car and drive off in my rear view.)

Again, I'm not trying to get in a debate here about young verse old, just want to point out that there are many young people out there who are good and responsible drivers.

I don't know about the OP because i really didn't read much of the post, but i am speaking for myself. That's all.

[fatoni]

Originally Posted by Tbxgz

Man this thread blows my mind. I grew up owning some pretty nice cars but I never even dreamed about buying a new car at that age. Regardless of who you owe, 15k at 18 is a huge financial undertaking. Seems like a ridiculously bad idea to me...



Never get in debt with a bank or anything... And how do you expect to build credit again?

why would you need credit if you never need to borrow money? the only thing credit really matters for (having credit, not good vs bad credit) is unsecured loans which a person with that mentality would never need

[Tbxgz]

Originally Posted by fatoni

why would you need credit if you never need to borrow money? the only thing credit really matters for (having credit, not good vs bad credit) is unsecured loans which a person with that mentality would never need

Yes in principal that makes sense but there are very few of us who can purchase things like a house without applying for a loan.

So to answer your question yes, he doesn't need to build credit if his Dad is going to float him the money each time.. but I highly doubt his dad is going to float him 300k when it comes time to apply for a home mortgage.

[blackfireball5]

Originally Posted by Tbxgz

Yes in principal that makes sense but there are very few of us who can purchase a house without applying for a loan.

I may be wrong but i think he was being sarcastic.

[Dadhawk]

Originally Posted by fatoni

why would you need credit if you never need to borrow money? the only thing credit really matters for (having credit, not good vs bad credit) is unsecured loans which a person with that mentality would never need

Unfortunately, a low credit score can affect some other things because companies have become brain-dead.

It can affect insurance rates.
It can affect the ability to get a job, even if your field has nothing to do with FInance or money.

There are other examples.

You can avoid this by having a credit score of Zero which is possible if you have no transactions for about 3 years. Then companies have to do more logical work.

You can get a mortgage with a zero credit rating, you just have to use the right broker that does it the old fashioned way with much more paperwork.

I have a very high credit rating but its only because of my mortgage. When that is paid off, I'll have to work to get my score to zero because I don't carry debt any longer other than my mortgage.

[n2oinferno]

I'd pick the FRS, but that's because experience tells me that RWD is more fun in most cases than FWD. Personal preference, really. I test drove a NA Veloster, and I don't hate it, but the interior felt pretty cheap.

And really, any car can get you into trouble. I learned to drive on a high 11/low12 88 Mustang GT with nitrous. I got one warning from police ever, and I know I was doing the speed limit, so I'm pretty sure it was more of a "hey it's 2am and those kids are in a fast car, pull them over" moment. I got into more trouble in my 00 Celica GT-S and my 03 Protege5 than I ever did with the Mustang, and they had a fraction of the horsepower.

Originally Posted by DrDuquette

No Car Payment at 18!!! Bad idea!
School First!!
Career Second!!
Notice I didn't say Job!?

I don't agree with this in every scenario. I graduated high school and got a job. I didn't go straight to college because I didn't know what I wanted to do. I had a few ideas, but if I had to make a decision I probably would have made one that I wished I hadn't. A lot of kids go to college because it's expected of them, but I have plenty of friends with degrees that can't find work relating to what they went to college for at all. On top of that they have a bunch of student loan debt.

Once I worked for a while and figured out what I wanted to do I went to school. I don't regret it and feel like it was a complete waste like some of those other people, and I'm actually using some of what I learned.

[moniz]

Originally Posted by blackfireball5

You may have been my age but that does not mean you have been me. Each person is different. I'm not trying to stick up for the younger generation or anything, i know plenty of dumb ass drivers my age and younger. Just recently 3 out of 4 teens were killed in a car accident a few days before their high school graduation because they were joyriding and jumped railroad tracks. They were air-born for a while, lost control, and hit a telephone pole. One girl survived. But i also have encountered plenty of older idiots too. Some guy just yesterday looked to be in his 40's thought it would be a good idea to leave his car parked in the center of a busy street at a red light during rush hour. Literally just walked out and went into a store while his car sat in the center lane with its emergency flashers on. (He wasn't broken down because i saw him get in the car and drive off in my rear view.)

Again, I'm not trying to get in a debate here about young verse old, just want to point out that there are many young people out there who are good and responsible drivers.

I don't know about the OP because i really didn't read much of the post, but i am speaking for myself. That's all.

Wasn't looking for a fight so no worries. And your right I don't know you and you may be very responsible for your age as was I when I was younger but I can say for certain that with age comes way more wisdom that just can not be appreciated at a younger age. It's just a fact. As responsible and intelligent I was then, there is no question I'm much more so now than then and can only appreciate that is the truth now. Now of course there are some, as they get older they don't bother to mature but statistically they are the exception not the rule thankfully for all our sakes!!

Believe me the old saying that "youth is wasted on the young" is so true as you age!! . It's the old adage of "if I only knew then what I know now!"

[blackfireball5]

Fair enough. lol.

[fatoni]

Originally Posted by Tbxgz

Yes in principal that makes sense but there are very few of us who can purchase things like a house without applying for a loan.

So to answer your question yes, he doesn't need to build credit if his Dad is going to float him the money each time.. but I highly doubt his dad is going to float him 300k when it comes time to apply for a home mortgage.

im not saying its bad to have a good credit score but 20% down and consistent and adequate income go a long way

Originally Posted by Dadhawk

Unfortunately, a low credit score can affect some other things because companies have become brain-dead.

It can affect insurance rates.
It can affect the ability to get a job, even if your field has nothing to do with FInance or money.

There are other examples.

You can avoid this by having a credit score of Zero which is possible if you have no transactions for about 3 years. Then companies have to do more logical work.

You can get a mortgage with a zero credit rating, you just have to use the right broker that does it the old fashioned way with much more paperwork.

I have a very high credit rating but its only because of my mortgage. When that is paid off, I'll have to work to get my score to zero because I don't carry debt any longer other than my mortgage.

i dont take too much stock in credit score as i do financial history. i doubt the raise in insurance would be anywhere near the cost in interest to build credit. again i dont think building credit is a bad idea but i think we put a little too much faith in it over other factors. i know that when i ruptured my achilles tendon, i had good credit but failed to get a $3500 loan for an operating suite even though i was prequalified for a 25k auto loan