06-26-2010, 10:45 PM
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#3 (permalink)
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Base Member
Join Date: Jun 2010
Location: ontario
Posts: 30
Drives: nissan 370z
Rep Power: 15
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Quote:
Originally Posted by Matt
While it sounds like you're in good enough shape to get a Z, it also sounds like you're a bit immature, financially speaking. Nothing a little reading on the Internet can't fix though!
Putting money down on a car is usually never a bad thing. Not putting any money down is almost always a bad thing, in contrast.
You have to be comfortable with the payment, as long as you plan to finance it. If you're parents are nice and trusting, they may be able to provide the financing for you through their financial institute, as I'm guessing from your questions you may not have a lot of established credit.
Insurance will be high, seeing as you're a young, unmarried male (Guessing you're a male). Most insurance companies have limits on how old a child can be on your insurance policy, so not sure if you can still get on your parents' policy without being in college or something.
It sounds like you're in good shape to start saving some money, and hopefully investing some as well for the future. A new car would be great, but having the payments and other financial responsibility once you do leave your parents' house may prove to be rough.
Good luck on whatever you choose to do!
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Ahh, I believe in living life to the fullest brother. I know I may seem immature but not many people my age work 18$/hr, really you should see the people dieying to get a job around here. My company wants to promote me very soon also, so I know I will make over 35 thousand a year next year.. I was thinking that if I get a 350z I could easily pay for a used one and pay the full amount of money, but 370z has been a dream of mine for some time. Why drive something your not happy with? Anyways, I wont be going to college right now, I will be running my father's business which i what i am studying for on the side.
Anyways, I believe my dad will get the car under his name, line of credit and such will be ALL under him. He knows I can pay the money every month, and if I do put down 18k he will have confidence in me.
I am just wondering what you think the monthly income will come up to? Is there somewhere I can check for this?
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