a question for young S drivers
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From: formerly versionJDM
i am 23, married, our combined income is about 5k a month. saved for 5 yrs and put 11k cash down on my 02. i pay 280 a month and about 285 a month in insurance for my 02 s2 and my 05 TSX.
sorry, not a baller, just a working schome.
sorry, not a baller, just a working schome.
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From: ORANGE COUNTY, SOUTH CALI
Originally Posted by prorcracer87,Jul 16 2006, 04:59 PM
before i chime in, im gunna have to say im spoiled...but tryin to get out of it..slowly.
i have a job, decent paying, so ive been paying for all the mods since i started driving.
at 17, my parents bought me a 04 TL, which was automatic, they put 10k down and was still paying 560 a month, im not even gunna go into insureance cause it was out the ass. i wasnt allowed to get manual at that point because my dad didnt want me to get one. i dropped about 5-6k on mods on the car, nothing major, just here and there.
when i was 18, i convinced my parents to let me get a manual car and have me pay for it. it took a couple of months, but i found me a 96 civic hatch 5spd for 1800, had rear quarter panel damage. so i bought it, fixed it up and painted it. now its a sohc turbo hatch all paid for by me.
then i realized that the TL just wasnt for me. and the fact that my parents were paying out the ass for it was stupid, because i drive the civic WAY more than i drive the TL.
so i convinced my dad to sell the TL and let me get myself into an s2k. took over a year to convince him but he finally gave in.(he didnt want me to get into a sports car)
so we sold the TL, used the money left from the car and put a down payment of 10k down and i personally financed 14k. its about 250 a month give or take.
i went from paying for nothing to having at least some responsibility. i was just sick of seeing my parents paying 560 a month for a car i never drive.
insurance they still pay, but hopefully i can take the payments up from them because both cars are mine and they dont even drive it.
i hate the fact that ppl say shit like"that kid is ****in spoiled behind my back".
btw im 19 now.
i have a job, decent paying, so ive been paying for all the mods since i started driving.
at 17, my parents bought me a 04 TL, which was automatic, they put 10k down and was still paying 560 a month, im not even gunna go into insureance cause it was out the ass. i wasnt allowed to get manual at that point because my dad didnt want me to get one. i dropped about 5-6k on mods on the car, nothing major, just here and there.
when i was 18, i convinced my parents to let me get a manual car and have me pay for it. it took a couple of months, but i found me a 96 civic hatch 5spd for 1800, had rear quarter panel damage. so i bought it, fixed it up and painted it. now its a sohc turbo hatch all paid for by me.
then i realized that the TL just wasnt for me. and the fact that my parents were paying out the ass for it was stupid, because i drive the civic WAY more than i drive the TL.
so i convinced my dad to sell the TL and let me get myself into an s2k. took over a year to convince him but he finally gave in.(he didnt want me to get into a sports car)
so we sold the TL, used the money left from the car and put a down payment of 10k down and i personally financed 14k. its about 250 a month give or take.
i went from paying for nothing to having at least some responsibility. i was just sick of seeing my parents paying 560 a month for a car i never drive.
insurance they still pay, but hopefully i can take the payments up from them because both cars are mine and they dont even drive it.
i hate the fact that ppl say shit like"that kid is ****in spoiled behind my back".
btw im 19 now.
and get dohc
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Originally Posted by jonnybravo,Jul 16 2006, 07:47 PM
That insurance is inanely cheap. Are you under your parents plan or something to that effect?
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From: Fargo
ahhh, then if i can't those cars then what would u guys suggest then?!?!
I don't want no civic si or so.......those things are too slow for my taste.
a friend of mine is getting a 300zx TT...for 11 grand
I gotta be somewhere near him
wat bout a 95+ VR4 or 92+ mr2???
I don't want no civic si or so.......those things are too slow for my taste.
a friend of mine is getting a 300zx TT...for 11 grand
I gotta be somewhere near him
wat bout a 95+ VR4 or 92+ mr2???
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From: La Crescenta, CA
Originally Posted by HMCK20,Jul 16 2006, 11:00 AM
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.
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.
i dont know any 20 year-olds making anywhere close to 5k a MONTH.
MONTH, not year.
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Originally Posted by darkfx,Jul 16 2006, 09:47 AM
So in other words, you're a spoiled little bitch
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From: Austin
I would think that a good guideline for car expenses as a percent of total gross income would be in the neighborhood of 20%. I would give car enthustiasts an extra 5% b/c it is transportation and a hobby.
Why are you people putting so much money down? Most investments will beat what you are paying in interest so it doesn't make a lot of sense.
Also please remember that if you live with your parents rent-free with a nicely-stocked fridge every time you get home then your parents are helping subsidized your 'S.' Sorry but that is an unsexy reality of life as is
the gas bill, phone bill, electric bill, homeowner's insurance, property tax, school loans, etc.
Why are you people putting so much money down? Most investments will beat what you are paying in interest so it doesn't make a lot of sense.
Also please remember that if you live with your parents rent-free with a nicely-stocked fridge every time you get home then your parents are helping subsidized your 'S.' Sorry but that is an unsexy reality of life as is
the gas bill, phone bill, electric bill, homeowner's insurance, property tax, school loans, etc.
