Notices
Buying/Leasing 350Z/370Z Purchasing Info

Looking to but new z help

Thread Tools
 
Search this Thread
 
Old 12-08-2014, 05:19 PM
  #1  
Ferny Estevan
Registered User
Thread Starter
 
Ferny Estevan's Avatar
 
Join Date: Dec 2014
Location: South Texas
Posts: 3
Likes: 0
Received 0 Likes on 0 Posts
Default Looking to but new z help

Hello forum

I am 17 years old and looking to buy a Z. I will have to pay the insurance and monthly payments myself. I make around 800 a month and don't pay anything else...How much should I save for the Z? (13k amount of car)
Old 12-08-2014, 05:54 PM
  #2  
StuLax18
General & Tech Moderator
MY350Z.COM
iTrader: (4)
 
StuLax18's Avatar
 
Join Date: May 2008
Location: Jakku
Posts: 48,548
Received 3,339 Likes on 2,379 Posts
Default

Cash or crippling debt?
Old 12-08-2014, 05:58 PM
  #3  
Phill361
New Member
iTrader: (4)
 
Phill361's Avatar
 
Join Date: Nov 2008
Location: DFW
Posts: 14,653
Received 1,229 Likes on 931 Posts
Default

You should save around 30k.
Old 12-08-2014, 06:19 PM
  #4  
RUNWDVL
Registered User
iTrader: (10)
 
RUNWDVL's Avatar
 
Join Date: Oct 2012
Location: Burnt on a mantle
Posts: 4,810
Received 236 Likes on 135 Posts
Default

About 30.5.
Old 12-08-2014, 06:32 PM
  #5  
Silly Wabbit
Registered User
 
Silly Wabbit's Avatar
 
Join Date: May 2009
Location: SoCal
Posts: 310
Likes: 0
Received 2 Likes on 2 Posts
Default

Did you get a quote on insurance? Because insuring a V6 RWD Coupe for 17yr old will take up a good chunk of your $800/month income.
Old 12-08-2014, 06:55 PM
  #6  
Ferny Estevan
Registered User
Thread Starter
 
Ferny Estevan's Avatar
 
Join Date: Dec 2014
Location: South Texas
Posts: 3
Likes: 0
Received 0 Likes on 0 Posts
Default

Oh by the way the car will have a cosigner with very good credit. Im looking at 300 dollar monthly payments plus nsurance
Old 12-08-2014, 07:23 PM
  #7  
VO...
Administrator
iTrader: (25)
 
VO...'s Avatar
 
Join Date: Jun 2005
Location: Down Under & Dirty
Posts: 58,609
Received 2,747 Likes on 1,836 Posts
Default

Originally Posted by RUNWDVL
About 30.5.
Sounds about right to me...
Old 12-08-2014, 08:14 PM
  #8  
MatthewBouchard
New Member
iTrader: (2)
 
MatthewBouchard's Avatar
 
Join Date: Apr 2014
Location: Florida Orlando
Posts: 469
Received 42 Likes on 40 Posts
Default

I would say wait. I bought mine about 4 months ago. Had 7k in cash and a car worth about 4k. I'll pay it off in February once I sell the other car. My payments until then are about 320/month and my insurance is 210/month. After tax and fees,z was about 13k. I'm 18 and make at least 1k a month part time and money is stiff at times. Wait.
Old 12-08-2014, 10:26 PM
  #9  
Ferny Estevan
Registered User
Thread Starter
 
Ferny Estevan's Avatar
 
Join Date: Dec 2014
Location: South Texas
Posts: 3
Likes: 0
Received 0 Likes on 0 Posts
Default

why are you guys saying to save 30k? I mean the car is 13k with payments of 350max and insurance 250max I'm working only to pay car my parents will still supply me food clothes house evreything my monthly chexk is strictly for cae
Old 12-09-2014, 03:49 AM
  #10  
travlee
Master
iTrader: (8)
 
travlee's Avatar
 
Join Date: Jul 2011
Location: Texas
Posts: 48,611
Received 9,048 Likes on 6,514 Posts
Default

i bet it will be an 03ish with high miles.... bets anyone?
Old 12-09-2014, 04:33 AM
  #11  
ErkTheJerk73
New Member
iTrader: (16)
 
ErkTheJerk73's Avatar
 
Join Date: Dec 2005
Location: Cincy
Posts: 13,848
Received 718 Likes on 427 Posts
Default

the grammar in here is amazing!
Old 12-09-2014, 04:44 AM
  #12  
travlee
Master
iTrader: (8)
 
travlee's Avatar
 
Join Date: Jul 2011
Location: Texas
Posts: 48,611
Received 9,048 Likes on 6,514 Posts
Default

products of a public school more than likely
Old 12-09-2014, 04:55 AM
  #13  
StuLax18
General & Tech Moderator
MY350Z.COM
iTrader: (4)
 
StuLax18's Avatar
 
Join Date: May 2008
Location: Jakku
Posts: 48,548
Received 3,339 Likes on 2,379 Posts
Default

If you're making $800 a month and your payment + insurance is less than that why should you save up anything?
Old 12-09-2014, 05:06 AM
  #14  
padilla03z
New Member
iTrader: (2)
 
padilla03z's Avatar
 
Join Date: Jun 2011
Location: Fort Bragg
Posts: 238
Received 1 Like on 1 Post
Default

I bought my car 4 years ago when I was 18 and insurance was $333 a month. Where are you getting this $250 max number? This was with me having my license for a year, I finally got it down to 200ish a month after 4 years then my wife got her license. **** went back up to $500 a month cause she is a new driver. I would wait if I were u. Buy a car cash and in 4 years ull have more hands on mechanical knowledge (from fixing ur beater) and financially you should have saved a good amount for your 350z

Last edited by padilla03z; 12-09-2014 at 05:12 AM.
Old 12-09-2014, 05:09 AM
  #15  
verdict.
Super Moderator
MY350Z.COM
 
verdict.'s Avatar
 
Join Date: Apr 2010
Location: TX
Posts: 13,161
Received 648 Likes on 491 Posts
Default

You only make $800/month and are willing to drop at least $600 of that for a car? That leaves you $200/month for gas, food, etc. Don't make the mistake of buying a car when you can't afford one.
Old 12-09-2014, 05:11 AM
  #16  
travlee
Master
iTrader: (8)
 
travlee's Avatar
 
Join Date: Jul 2011
Location: Texas
Posts: 48,611
Received 9,048 Likes on 6,514 Posts
Default

Originally Posted by padilla03z
I bought my car 4 years ago when I was 18 and insurance was $333 a month. Where r u getting this $250 max number?
no doubt, i am twice his age and insurance for me is $130 a month
Old 12-09-2014, 06:20 AM
  #17  
Syner
New Member
 
Syner's Avatar
 
Join Date: Mar 2012
Location: Alberta
Posts: 22,798
Received 829 Likes on 646 Posts
Default

Have you tried selling drugs?
Old 12-09-2014, 07:04 AM
  #18  
iideadeyeii
New Member
iTrader: (6)
 
iideadeyeii's Avatar
 
Join Date: Nov 2011
Location: Lawtown
Posts: 3,873
Received 442 Likes on 358 Posts
Default

$800-350-250= $200 Sounds like you can afford it. Why do you feel the need to ask us for a basic math equation?
Old 12-09-2014, 07:06 AM
  #19  
travlee
Master
iTrader: (8)
 
travlee's Avatar
 
Join Date: Jul 2011
Location: Texas
Posts: 48,611
Received 9,048 Likes on 6,514 Posts
Default

because maybe he cant do basic math??
Old 12-09-2014, 07:20 AM
  #20  
B.Sterling
New Member
 
B.Sterling's Avatar
 
Join Date: Sep 2012
Location: Winona, ON
Posts: 8
Likes: 0
Received 0 Likes on 0 Posts
Default

just to put it into perspective OP I was 17 when I bought mine. I had saved up about 45k and bought my z for 15k. after 2 years of just insurance and gas I had 0$... that's about 15k a year just to own and drive it, so yeah id say not a chance. im 20 now and making 2000k/month and still struggling to afford it...



All times are GMT -8. The time now is 04:54 PM.