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Old 08-15-2011, 02:16 PM   #5 (permalink)
vividracing
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Join Date: Jun 2009
Location: Gilbert, AZ
Age: 38
Posts: 7,306
Drives: 350Z,370Z,GTR
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Yeah, $1700/mo is not going to get you a Z unless you have no other expenses OR never go out. I was recently in a similar position (Crashed my S13, needed a car, and thought about financing something decently nice), but I thought of it like this...

Why finance a car that you want to show off and enjoy driving... If you can't afford to take it for a cruise or go to the bar to show it off to your friends?

Maybe the cost of living in FL is really low, but here in AZ... No way would $1700 be enough to have a $400 car payment and still live somewhat comfortably. Also, if you're young with no credit and no co-signer, I'm assuming you'll be on your own insurance? Most finance companies want full coverage insurance. A young male with a sports car and no credit... Have fun with $200+ month insurance rates. In AZ, it'd be probably $300+

I'm not trying to crush your dreams of owning a Z, but the idea of another young person getting buried in debt makes me sad, honestly. I'm proud to say that the ONLY debt I have is a personal loan that will be paid off on September 1st After that, it's time to start building my credit.
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Last edited by vividracing; 08-15-2011 at 02:20 PM.
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