Poor mans GT4?

Chuck33079 · 10-27-2016, 12:52 PM

Quote:

Originally Posted by Topher1996

I mean I make decent money $100 a day, but that's neither here more there. I'm also not in college. Plan to go back one day just not now. I don't quite see the issue with having my priorities different than the norm. I shall be test driving the cars in question soon though.

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$100/day comes out to $25k / yr (gross) assuming standard 5 days/wk, 50 wks / yr. That's barely enough to cover rent and bills, yet you want an originally $40k sports car while having bad credit? This is a bad decision that will leave you with much regret. Even if that's a net, that only puts you at what, $40k / yr? Also, I'm guessing that you live at home since rent would be eating up at least half of that?

It's not that your priorities aren't the norm, it's that you cannot afford a normal load of bills and a sports car (with a $10k+ mod list). It's good to have this kind of thing for a goal, but you're not even close to achieving it yet. If you want a Z and want to be able to afford maintenance, upkeep, mods and track expenses, look at HR 350s. Please don't take this as being unnecessarily harsh, it's just the cold reality of math.

cv129 · 10-27-2016, 01:05 PM

I'll save the life and finance 101 lesson for others. If OP wants to do it, go ahead and stick to it. But when budgeting sinks in, just don't turn coilovers into cut springs, BBK to caliper covers, R888 into mismatched used tires

And only spend what you have. Don't rack up credit card debt then run off.

Topher1996 · 10-27-2016, 01:11 PM

Quote:

Originally Posted by Chuck33079

$100/day comes out to $25k / yr (gross) assuming standard 5 days/wk, 50 wks / yr. That's barely enough to cover rent and bills, yet you want an originally $40k sports car while having bad credit? This is a bad decision that will leave you with much regret. Even if that's a net, that only puts you at what, $40k / yr? Also, I'm guessing that you live at home since rent would be eating up at least half of that?

It's not that your priorities aren't the norm, it's that you cannot afford a normal load of bills and a sports car (with a $10k+ mod list). It's good to have this kind of thing for a goal, but you're not even close to achieving it yet. If you want a Z and want to be able to afford maintenance, upkeep, mods and track expenses, look at HR 350s. Please don't take this as being unnecessarily harsh, it's just the cold reality of math.

Unfortunately, I work 7 days a week 52 weeks a year, save for Christmas and New Years. I do get what you're saying though. Life's rough and hard. Credit isn't bad just don't really have any, which I hear is worse. I checked my score it's like a 670. I do plan to have such a car in my early 20s. I do thank you for being honest with me though. That's something to admire nowadays.

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JARblue · 10-27-2016, 02:43 PM

Can I ask what you do that only pays $100 per day and requires you to work the entire year with no weekends and only 2 days off?

madeinjapan · 10-27-2016, 02:50 PM

Porsche Cayman - Porsche Cars North America

Topher1996 · 10-27-2016, 02:51 PM

Quote:

Originally Posted by JARblue

Can I ask what you do that only pays $100 per day and requires you to work the entire year with no weekends and only 2 days off?

I do construction for a family member. The pay is only worth it since it's under the table so I make the full amount. I work from 6:30-7ish everyday and on most holidays we work half days except the ones listed.

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Chuck33079 · 10-27-2016, 02:53 PM

If it's all unreported, how will you show any proof of income to get the loan for the car?

And even if you made minimum wage, you'd still probably net out higher for the same hours. Especially if OT gets you time and a half.

2011 Nismo#91 · 10-27-2016, 03:03 PM

100 cash a day or 36.5k a year, I don't think you'll be able to afford a Z, maintenance isn't cheap on it either. Tires mounted and balanced with an alignment can be close to 1k unless you're using chinese tires which what's the point of the sports car then. Not to mention premium gas. Also the Z is in a high insurance group. Do it if you want but I wouldn't recommend it.

madeinjapan · 10-27-2016, 03:24 PM

Quote:

Originally Posted by Topher1996

I do construction for a family member. The pay is only worth it since it's under the table so I make the full amount. I work from 6:30-7ish everyday and on most holidays we work half days except the ones listed.

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whos car is in your avatar then?

JARblue · 10-27-2016, 03:28 PM

Quote:

Originally Posted by Topher1996

I do construction for a family member. The pay is only worth it since it's under the table so I make the full amount. I work from 6:30-7ish everyday and on most holidays we work half days except the ones listed.

That doesn't sound worth it at all

We used to pay our day laborers nearly that much, and they worked 8 hour days with OT (1.5x) pay on weekends. Skilled labor is paid far more.

Chuck33079 · 10-27-2016, 03:30 PM

Quote:

Originally Posted by JARblue

That doesn't sound worth it at all

We used to pay our day laborers nearly that much, and they worked 8 hour days with OT (1.5x) pay on weekends. Skilled labor is paid far more.

This. The math says that someone is getting a great deal, and it's not the OP. If you break it down hourly, it's worse than a McJob. Also, if you don't technically work there since you're paid under the table, what happens with a worker's comp claim? It's construction, **** happens regularly.

JARblue · 10-27-2016, 03:44 PM

Quote:

Originally Posted by Chuck33079

This. The math says that someone is getting a great deal, and it's not the OP. If you break it down hourly, it's worse than a McJob. Also, if you don't technically work there since you're paid under the table, what happens with a worker's comp claim? It's construction, **** happens regularly.

it sounds like that family member is taking advantage of the OP. And if OP is not on the payroll, insurance will not cover a worker's comp claim if something were to happen

OptionZero · 10-27-2016, 04:04 PM

because all cars are a bad investment

and modifying a Z is a money pit

2011 Nismo#91 · 10-27-2016, 04:12 PM

Quote:

Originally Posted by OptionZero

because all cars are a bad investment

and modifying a Z is a money pit

Yeah, probably could have bought a nice used 911 for all the money I spent, but I still love it.

Chuck33079 · 10-27-2016, 04:14 PM

Quote:

Originally Posted by 2011 Nismo#91

Yeah, probably could have bought a nice used 911 for all the money I spent, but I still love it.

Agreed. I thought I went with the economical option.

10-27-2016, 01:05 PM	#32 (permalink)
cv129 A True Z Fanatic Join Date: Jul 2011 Location: Dallas, TX Posts: 3,237 Drives: 09 Nismo, 16 Nismo Rep Power: 163995	I'll save the life and finance 101 lesson for others. If OP wants to do it, go ahead and stick to it. But when budgeting sinks in, just don't turn coilovers into cut springs, BBK to caliper covers, R888 into mismatched used tires And only spend what you have. Don't rack up credit card debt then run off. Chuck33079 and NISMO IX like this. __________________ Setrab \| RE-71 \| SPL \| JRZ \| Nismo \| ARK \| Whiteline \| RacingBrake \| CJM Oil Pan \| Ti shield

10-27-2016, 02:43 PM	#34 (permalink)
JARblue A True Z Fanatic Join Date: Mar 2011 Location: Austin, TX Age: 43 Posts: 36,450 Drives: 11 Z34, 98 E36 M3 Rep Power: 2684440	Can I ask what you do that only pays $100 per day and requires you to work the entire year with no weekends and only 2 days off? __________________ 2011 370Z 6MT Sport Gun Metallic \| ARC \| CJM \| Ecutek \| FI \| Fujimura \| R2C \| SPL \| Stillen \| TWM \| Z1 \| ZSpeed \|

10-27-2016, 02:53 PM	#37 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	If it's all unreported, how will you show any proof of income to get the loan for the car? And even if you made minimum wage, you'd still probably net out higher for the same hours. Especially if OT gets you time and a half. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

10-27-2016, 03:03 PM	#38 (permalink)
2011 Nismo#91 A True Z Fanatic Join Date: Mar 2011 Location: NJ Posts: 2,402 Drives: slowly Rep Power: 40569	100 cash a day or 36.5k a year, I don't think you'll be able to afford a Z, maintenance isn't cheap on it either. Tires mounted and balanced with an alignment can be close to 1k unless you're using chinese tires which what's the point of the sports car then. Not to mention premium gas. Also the Z is in a high insurance group. Do it if you want but I wouldn't recommend it. Chuck33079 likes this.

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