You tell em IcyBlue! Good luck on your quest to find a Z and make sure you post pics once you do get it! Drive safe!

 

Some of you guys really are bitter.

I'm 17 and if I wanted to schedule myself to work more often (I work at a restaraunt) I could easily pull 800-1000 or even 1200 a month. It's not impossible to afford this car if you work out long-term financing. With a 72 month loan it would be under $700/month for a fully loaded Touring and no downpayment. That means you don't have to have huge savings for a downpayment, just a good monthly income. Worst comes to worst you just have to sell the car if you can't make the payments.

True, it helps to have generous parents, which he may or may not have... but it's not impossible

Some of you need to get a life and stop hating on people more fortunate than you are.

[edit]Oh and let me beat you all to the punches: Yeah, my parents "gave" me the car in my sig. I have a job and am in the top 10% of my HS class, and you can bet your *** that when I actually buy a car next year it will be on my own and I will be _giving_ this car back. And don't you dare tell me I don't appreciate this car, I appreciate it more than many people I know appreciate the car they paid for themselves.

 

700/month payments for 6 years? You don't know how much of a burden that is do you. Look, lets say your a kid, want a nice car, etc, etc.

Who knows where you will be in a few years, I say that you just lease it, pay your nice 400-500 for a 3 years, and then you can walk away from it.

Sure leasing is not always the best thing, but I doubt kids are going to be driving 50 miles each way on the highway to work (sine they go to school, a few miles away, and it sits there all day).

 

It only depends on how much the car is worth to you. If it's not worth it to pay $700/month and sacrifice other things (like free time spent working to pay for the car) then you can always go buy a Civic or something. I haven't determined if it's worth it to me yet.

Leasing isn't something I would want to do. I don't like to have my options limited, and I don't like the idea of having no equity when I'm done with the 3 year period. If I decided to keep the car, that would really not work well. Also, if I financed, I could back out if I decided to sell it and not be screwed with lease fees from early termination.

 

Thats the one tihng I don't like about leasing as well.

But the way I see it, most of the time people will have car payments (unless they buy in cold hard cash) so why not get a new car every few years?

 

That standpoint is attractive but something just makes me hesitant to do that... it just seems like not a very smart thing to do. I probably won't keep my next car for 6 years, but I'd rather finance it for a long time, with lease-like payments, and build equity, than just rent it and come out of the deal with empty pockets and no car.

 

I agree with you nick. People here think that us 17 year olds are still 5. Get real people! Times change. Do you think I want to give up my free time on weekends, and hw time during the week? NO! I dont want a riced up civic either, thats why I am working my *** off to get the Z and do whatever it takes to get it.

 

what about college......

sure you can work tons during high school, i slept through it and got great grades. but while in college, that required lots of work, studying, all nighters, etc, etc. no way could i have a job that would bring in that much dough to cover an expensive car.

 

I have many friends who work during weekends and sometimes nights while in college and do well in both efforts.

 

Trust me, I have gone and I'm going through that already.

 

What equity? This a car, not a house, and cars depreciate. That means that unless you are putting 8 or 9 grand down, you have negative equity. More than likely for most people, they will be upside down in their loans for 2-3 years anyway. That negative equity is just as bad as early lease termination fees. This is a car that they are going to build 30,000 of a year. The demand is high right now, but in three years there will be a ton on the used car market. Even with a buy, there is a high probability that at the end of 3 years, you will still have empty pockets.

 

True... but I just don't like the whole concept of a lease. I don't want to drop all that money on a car for three years of payments and come out of it with no car and no money from it.

 

how are you going through it when you are 17 and still in high schoo.. i dont see how u can be going through college....

 

As long as one drives below 15k miles a year, IMO it all comes down to the same. Lets say on a 30k car, the lease is 425 a month for 36 months, 0 down, 15k a year.

425 * 36 = 15,300 (the 425 i get includes tax)

Now lets say one buys a car, 60 month term, 0 down, 6% interest

There payment would be around $580 a month, for 5 years. Lets say after 3 years they decide they want a new car. They go to sell it first. There car is worth say 20,00 now and find a buyer for it.

So far they spent $20,880 on payments, they still have $13,920 left of payments. They sell for 20,000, pay off the remaining 13,920 and are left with a net of $14,800 of payments.

Looks better in that case, but not by much, and thats of course who knows how much the car is worth, how much they will get, etc, etc, etc.

And there is much more than to what i wrote in my sleeply state of mind

 

My high school is basically college level. We are also located in a college campus (CSUDH), so I take college classes there and at the local community college. Remember, I'm still in high school, but I still pull off all nighters and the rest of the other crap because of the level of my school.

 

I really don't understand this confrontational attitude towards someone about how they are buying a car. Why does it matter how he is buying the car? Even if you are to take the position that, "if he is lying I am just calling him on it." Why do you care? Why waste the bandwidth on proving your right about the way the car is being paid for? Second, if you are so naive as to believe that it is absolutely impossible for a 17 yr old to earn enough to buy a new Z, well I don't know what to tell you. If you _can_ accept the possibility, then why couldn't ICY be one of those kids.

I guess in the end my point is, you may want to cut the kid some slack.

ICY,

I hope your luck is better the next time the call comes in. Enjoy your car. I also hope that you are able to manage the financial obligation and education, I know I couldn't

 

ICYBLUE...I am a highschool teacher and I have met students like you. I am truely amazed. Times have changed and there are super-students who pull exceptional grades and work like a mother ****er. I see it, and I believe it. If what you say is true, then you deserve this car. I NEVER could have worked so many hours, and high schools only get more competitive. I dont know if its the milk or something, but there are students so determined that I cant believe it.


for everyone else... I DARE YOU TO TELL ME THAT THE FOLLOWING IS NOT TRUE:

having the 350z is an amazing experience. It is worth every penny! Maybe these highschool kids are working 30hrs. a week that is only possible during high school. Maybe they will have to sell the car as soon as they step foot on UCB campus...so what?Just 5 months with this car is something to remember forever. HELL, I had a honda accord that I worked my *** for, and I had the BEST memories ever in this car. Being young and having a 350z is priceless...I dont want Icyblue to wait another second.

 

I have something to add to that... a friend of mine, just turned 20, is shopping for a new car. His choices? New 996 Turbo, 360 Modena, or F355. He is paying out of his own pocket.

People who work hard make the money, and they deserve to spend it regardless of their age.

 

Were you in the prerorder program if so why was your car sold to the next person? And if you weren'y in the program why haven't I got my car yet? DAMN.