I work in AUTO loans, fag. Nothing is about to collapse

 

Im 19

1. Make 2300 monthly
2. 397 a month for loan
3. Insurance is 63 a month (I have no idea why its so cheap but I'm not complaining!)

 

so i have to have at least 10grand to put a downpayment inorder for the payments to be low, huh?
haha, i currently still live with my mom.....so i don't need to pay rent or anything.

 

daym, i see s2ki still has a couple of asswipes here n there.. darkfx, thast nice you have a nice paying job, now stfu. 10k my ass. lol People that usually make decent amount of money usually don't brag about it like you do, nice try "bitch." lol but yea bro, dont mind the haters on here, if you're parents are able to afford to help you out that much, then take it. If my parents were rich enough to get me an acura nsx or any nice car for that matter, no way in hell i would say no just cause " i didnt buy it myself." But if you're thinking of moving out next year or so, you gotta think about montly expenses once your on your own. rent, utilities, maintenance, etc

 

im 20 bought a 06 s2k

put down zero
monthly is 720 thank you honda financial with the amazing apr
my insurnace is 3k every 6 months
but i get speeding and other tickets on a regular basis and am on the verge of my insurance dropping me.
i make 5k or more a month.

 

People are about to stop borrowing money?

 

I'm late 20s, let me share my loan detail below:

Down payment: almost $19K
$ Borrowed from bank: $15K
The interest on my loan is: 3.375%
Length of my loan: 4 years
Monthly PMT: $306 (<4% of monthly gross income)
My monthly insurance $: $67 with excellent coverage
My credit score is: 802, better than 90% of population (better than 99% of people under 30)

I don't have rich parents who can buy me nice cars, every single cent is my hard owned money. I'm on the conservative side when buying anything I need borrow money, can I pay off my car today, yes, but if I can borrow money at a very low rate, why not invest and get more return. Any car I have purchased before, my target is always pay enough down and keep my monthly payment below 10% of after tax pay.

I wish I could buy my S2K 5 yrs early, but I think my approach is right, wait patiently to a point where I feel very comfortable owning any car I want buy. A friend of my used to say this to me, if your gross income is at least double the price of car, then it's ok to buy it, of course this doesn't take into account other obligations and doesn't apply to everyone.

No matter how old you are, as long as you feel comfortable with your long term budget, go ahead buy it and enjoy the car.

 

Haha, I've been edited. O well.

 

i've owned an FD rx7 and now i own an s2k... but as far as money goes.. the fd will no doubt be more month than the s2k.. especially it being 10+ year old car. i spent more money trying to get things back up to good condition than i did on performance parts.. but i do miss the power of the RX7 compared to the s2k... maybe a supercharger or a turbo will get me that rush once again.. but if you dont buy the s2k.. i wouldn't recommend the FD either..

 

I'm 23...

I paid a little over 22k for my 2003 s2000.
I then bought an extended warranty, so after that and taxes it was about 26k. I put down 10k. My monthly payment is $350, and my insurance is about $250 a month.

To be honest I would not suggest this car to anyone younger than me who does not either have a well paying job or parents who are willing to pay. It's an amazing car, but it needs to be pampered in my opinion. It is also not all that great in rain/snow.

Also if you are 19 and going to college... I don't know why you would get this car, you'd have no life if you had a full time job to pay for this car and went to school at the same time, plus school loans.