Quote:
Originally Posted by 1st
I say go for it if you can afford the payments then just refi later. One life to live and it was almost taken with that haymaker.
|
I would love to but I think the cons outweight the pros in my situation.
Cons -
-Wont have much $ left over every month
-Cant go on trips, vacations etc.
-I do not really even drive much, just to work and back and to the store. I live 5 miles from work. So the car wont get much use.
-Cant buy cool stuff like nice new cloths, TV's games etc because over half of my income will go to this vehicle and other bills
-Wont have much to spend on mods
-Will be a target for vandalism
-I would almost have to live paycheck to paycheck
-If my roomate leaves I will be unable to pay the rent myself
-After the loan is up I will have paid $34,000 on the vehicle if the apr stays at 10%
-It is not a "new" vehicle, its nearly 5 years old now, issues are bound to happen eventually
-If I have an emergency come up, I wont have the money to handle it
-If I lose my job, then I wont be able to keep the vehicle and id have to have them repo it, destroying my credit.
-I wont be able to put much if any money away into savings
Pros -
-Beautiful car
-Fast, fun car
-Will make me feel awesome driving it
-Still under factory warranty for 2yrs or until 60k miles
-Will give me a reason to work harder at work
-Will make my credit look nice after I pay it off
Im going to do some math. And add all my current bills up, plus if I got the car.
rent $450 + aps $50 + cox $66 + dental $150 + insurance (guessing $155) + car payments $448 + gas $80(est.) + Food $100 (est.) = $1,500 per month in bills. That is not including anything like if I need to do mechanical things to the vehicle, buy new cloths furniture, go out to the movies, eat, shop etc.
My monthly income is around $2,300 so that leaves me with up to $800 per month if im lucky. If my roomate decides to bail on my I would have to take on the entire rent myself which is around $900.
Fortunitally I only owe $1,200 on my dental until its paid off so that would save me $150/month there
I was thinking. I was paying $250 per month on my 350z. They wanna charge me $448 per month on the 370. So that will basically mean I will be back where I was accept I would be paying an additional $200 per month on bills than I was last month.