Can any one run a free car fax report???

Thanks!!

 

Do you not realize that, although it's done by many, you are committing a crime by presenting a Bill of Sale with an amount other than that which reflects the sales price? Don't know about your State, but it could be a felony. Governmental entities generally don't look the other way to fraud. Granted, you probably won't get caught, but if the seller is also required to disclose the sales price separately from you to the DMV then you better hope they don't cross-reference records. It really isn't worth the risk to save a coupe of bucks.

Although you didn't ask, as an old guy here on the forum I feel compelled to comment on the foolishness of making this purchase given the financial condition you've shared. Wait until later in life to get a car like this, when you are more financially able to afford the purchase price and associated costs.

Good luck!

 

Hmm...

Well, I'm far better off than most my age. I'm not exactly in "dire straits" here.

You do realize that the cost of this car is probably less than any new car out there that isn't a Hyundai or Kia, right?

So the only "foolish" thing is that I'm not making payments to a bank and wasting money on interest. That's why I have the money that I do. I don't waste it.

I would consider it foolish to pay interest when it is completely unnecessary.

And additionally, I'd rather not wait until I'm an old man to own this car. I know you old guys love it, but this is really a car for young men who want to do more than cruise at 45MPH with the top down.

I decided 27 is my year. That starts next month. Now I'm prepared.

 

Avoiding interest expense is commendable, but...

After you pay cash for the car, do you have at least 3-6 months take-home pay in the bank to use if you lose your job? It does happen, often through no fault of your own.

I'd rather have $10k in the bank and a modest car payment along with the mortgage, than no car payment and zero in the bank and a mortgage payment coming due. A modest amount of interest on a small car loan is a small price to pay for being able to sleep at night if the boss starts letting people go. Just one man's opinion.

I'm not prying into your financial situation; don't answer the question but do think about it.

 

I thought this guy was younger but he's 27 years old. Stop pestering him.

He got an excellent deal and he's old enough to make his own decisions.

Be careful, when you first get the car. RWD can be a bit tricky til you get used to it. Don't wreck it the first week.

It's an awesome car, you'll love it.

I was a dumbass til I was about 25 years old. I hassle guys under 25 about making bad decisions but after that youre usually good to go.

 

I love how people talk about "Investments" everyone I talked too at work today lost $60-70k in their 401k's, would of been better off to BUY A CAR...............

 

I actually am lucky because I re-initiated my 401k last year and am the only one in the office who is in the black!

And I'm not so worried about losing my job. Even if I do, there's always work out there. Unless you're a whiner that wants to sit at home and sulk about your old job.

I used to work 60+ hours a week while in school full time when I bought my house at age 21 without any family financial assistance. I think I'll be able to handle this!

 

The state doesn't need your money. Draft up a second bill of sale for $1000. That's what I did. The teller looked at me kind of funny when I told her I had a lien on that amount.

Plus they will get their money eventually in the form of exhaust tickets.

 

congrats.

 

Congrats on the purchase! It looks like you thought about it long and hard from a financial standpoint and have your bases covered. Especially since you were able to buy it loan-free and still have a rainy day fund.

I don't know how you support two people, a car, and a mortgage on your salary but you definitely have your finances handled if that is the case. I make more a year salary wise and live at home and can barely pay my bills (kidding, sort of). Los Angeles is an expensive city though.

Anywho, enjoy the car (which I have no doubt you will)!