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GR86 General Topics (2nd Gen 2022+ Toyota 86) General topics for the GR86 second-gen 86


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Old 12-03-2023, 11:35 PM   #43
demasrv
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Get the facelift. Car is mostly figured out by now, even the facelift and the early models have issues. Engines aren't lasting.
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Old 12-04-2023, 11:47 AM   #44
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Get the facelift. Car is mostly figured out by now, even the facelift and the early models have issues. Engines aren't lasting.

What's "lasting". I have a 2013 with 94k miles and it's been a champ,even through a somewhat major accident to the rear drivers side quarter panel(not that that has anything to do with the engine). Took them 6 months to fix my car and it's almost like it never even happened.
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Old 12-04-2023, 11:53 AM   #45
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In just 3 years, the limit on that card has jumped from $15k to 35K, on just that card. Higher limits, with lower usage keep your debt-to-income and your credit utilization good.
Just a FYI for everyone. Your credit limits on all of your cards are counted as Debt. Even if you have a 0 balance but a 35K limit. That is 35k a Debt. As no credit check or approval is needed to get that much Debt. Get rid of all unneeded high limits and it could raise your credit score dozens of points. FYI
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Old 12-04-2023, 01:19 PM   #46
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Just a FYI for everyone. Your credit limits on all of your cards are counted as Debt. Even if you have a 0 balance but a 35K limit. That is 35k a Debt. As no credit check or approval is needed to get that much Debt. Get rid of all unneeded high limits and it could raise your credit score dozens of points. FYI
No it's not. Otherwise I would have $80k in credit card debt thus wrecking my debt-to-income ratio.

And my 830 credit score disagrees with you.
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Old 12-04-2023, 03:21 PM   #47
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Just a FYI for everyone. Your credit limits on all of your cards are counted as Debt. Even if you have a 0 balance but a 35K limit. That is 35k a Debt. As no credit check or approval is needed to get that much Debt. Get rid of all unneeded high limits and it could raise your credit score dozens of points. FYI
Only your monthly payment counts towards your DTI. If you have a $0 balance you have a $0 payment.
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Old 12-04-2023, 04:36 PM   #48
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No it's not. Otherwise I would have $80k in credit card debt thus wrecking my debt-to-income ratio.

And my 830 credit score disagrees with you.
100% FUD.
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Old 12-04-2023, 11:38 PM   #49
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Just a FYI for everyone. Your credit limits on all of your cards are counted as Debt. Even if you have a 0 balance but a 35K limit. That is 35k a Debt. As no credit check or approval is needed to get that much Debt. Get rid of all unneeded high limits and it could raise your credit score dozens of points. FYI
What?

If that were the case, then how would people get a low credit utilization ratio if they were to avoid high credit limits?
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Old 12-05-2023, 09:37 AM   #50
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100% FUD.
Provide a source.
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Old 12-08-2023, 11:58 AM   #51
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A general good rule is to buy the newest car you can afford. This is assuming you don’t prefer or want a specific year or older car for some reason.
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Old 12-08-2023, 03:28 PM   #52
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100% FUD.
Actually no.

Credits cards help your score if you use them correctly and manage the risk they represent when things go wrong. For them to help you need to:

Pay them on time
Pay them off each month
Do not use them to their limit (carry a large available to owed credit).

I do this because I am basically debt free, including the mortgage. It is the only way to keep a high credit score without also having some form of consumer debt.
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Old 12-11-2023, 10:35 PM   #53
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Thanks for everyone with the good financial advice and warnings. The financial situation as of now is definitely looking better and I also beat my reckless driving case (proved myself innocent as I was) and got an insurance discount in the process hopefully things stay this way and I'll be able to find a '22-'23 used BRZ that's depreciated around 25k or less even if I can afford to buy brand new I see how bad of an idea it is now it is truly a waste of money.
For anyone in my position, I'd say if you're worried use it as motivation to find new methods of making money (legitimately) and it will help you afford the car without impacting retirement savings or the money you'll need for other adukt things
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