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)

 

Cash or crippling debt?

 

You should save around 30k.

 

About 30.5.

 

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.

 

Oh by the way the car will have a cosigner with very good credit. Im looking at 300 dollar monthly payments plus nsurance

 

Sounds about right to me...

 

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.

 

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

 

i bet it will be an 03ish with high miles.... bets anyone?

 

the grammar in here is amazing!

 

products of a public school more than likely

 

If you're making $800 a month and your payment + insurance is less than that why should you save up anything?

 

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

 

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.

 

no doubt, i am twice his age and insurance for me is $130 a month

 

Have you tried selling drugs?

 

$800-350-250= $200 Sounds like you can afford it. Why do you feel the need to ask us for a basic math equation?

 

because maybe he cant do basic math??

 

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...