Is this a suitable D/P?
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Bigger is always better right. I think 8k is a good start but the more you have the better off you'll be. If the STi comes in at $32k you still need to add tax, title and license (not sure how much but lets tack on 3 grand). You have to finance 27k. For 60 mo's @ 5.5% your car payment will be $515.73 not including your insurance. If it's 35k before tax, title and license. It only gets worse.
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Your 19, I wouldnt put myself in that much of headache. Like the guy mentioned before, you will be paying around 510 bucks a month. But that is a 5.5% interest. If you dont have a co-signer you are looking at a higher interest. Probably in the 8 to 10% range due to not having any collateral. At 8% it comes to 550 bucks a month and 10% it comes to 575 bucks. Dont forget the insurance. Depending where you live it might run you from 1200 a yr if you have a clean record to 3500 if you live up north. So over all, if you want to have a car and drive it, you are least looking at 1000 bucks out of your pocket each month for gas etc etc.
This means u have to work least 20 days a month! Freak that, get urself a normal car and get a better one when you grad. Not worth the headache of a fancy car when u cant afford dinner for the girl you just picked up!
This means u have to work least 20 days a month! Freak that, get urself a normal car and get a better one when you grad. Not worth the headache of a fancy car when u cant afford dinner for the girl you just picked up!
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Kind of a fancy car for a 19 yr old.
@60 a day? you can't afford an STi with that kind of money, plain and simple...even if you were making that FULL TIME. Go for the 2.5 RS instead.
And that girl you just picked up? Don't let it turn into a long-term relationship unless she's rich :lol:
@60 a day? you can't afford an STi with that kind of money, plain and simple...even if you were making that FULL TIME. Go for the 2.5 RS instead.
And that girl you just picked up? Don't let it turn into a long-term relationship unless she's rich :lol:
My parents are going to help also since they are the reason I have to look for a new car also. But as I think about more and more I dont have anything else to put my money towards. and the 60/day is just for like a couple hours a day. If I put in more hours I could easily put it to 90-100 a day. And school is going really, really well. And again my parents will help with insurance so thats not a problem and probably pay for it entirely.
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$100/day is still not that much...unless it's 100% disposable income...
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dood. please, i'm beggin' you. make college your highest/only goal and you'll be able to get dream cars with regularity in the not too distant future.HunterA said:
have you seen that tv ad where the young kid is driving a bimmer and his friends are in dodges. they're all planning a bash but he can't attend cuz he's gotta working. at the party, the door bell rings and the pizza delivery boy is the kid with the bimmer. homey is working for a car. that could be you in college. no parties, no ridiculous spring break trips, no reckless trips to europe, all cuz you're working for a car and not studying to top it off.
if you want a sweeeeet car, look seriously at the neon srt-4. very large testicles and less than $20k!!!
http://www.allpar.com/neon/neon-srt-4.html
As it was said before you have to look at the other associated costs besides the monthy car payment- the insurance in particular. I bet for a 19 year old the insurance for the STi (even if you have a clean record) will range from about $150-$250 per month. 
If you have any tickets you might as well forget about it.
If you have any tickets you might as well forget about it.Hints from March 2003 Car and Driver
Anyways it was a nice dream, decided I still want something nice so I found a Black Type-S that is going for a good price and putting it down and financing the rest. Payments should end up to being very small. like 150 a month.
Anyways it was a nice dream, decided I still want something nice so I found a Black Type-S that is going for a good price and putting it down and financing the rest. Payments should end up to being very small. like 150 a month.
would i be able to afford it if i make $3000 a month???
wut you guys think?
im thinking about putting about $10.000 as a DP
i think i might be looking at $450 a month on a 60month finance.
insurance=$1400 year. est.
i just hope they have special financing APR's available on the sti's also.
wut you guys think?
im thinking about putting about $10.000 as a DP
i think i might be looking at $450 a month on a 60month finance.
insurance=$1400 year. est.
i just hope they have special financing APR's available on the sti's also.
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If you make around 3k a month you should be fine. Im only making 2k a month after taxes and I am looking decent. If you are single that is. If you get a 6% apr and fin for 60 month with 10 down it is 430 bucks a month plus around 150 a month for insurance. That leaves u least 2.3k a month for other things. Remember to figure out what u have after tax!!
Re: Hints from March 2003 Car and Driver
I am making 2500/mo and have found it to work out. It might be rough for a while, but since I am planning now, I should be fine. Plus, I should have a better job by the time the STi is in.
To the guy who started this thing... I just graduated college. Don't hold out on having a job right away (if you graduate soon). I have 3.5gpa with a chemical engineering degree and cannot find a job. This econ sucks!!! I am just a temp for now. These days, an education doesn't mean anything fancy.
Hold out until you can be sure you can cut it or else somebody will gladly scoop up your used STi when you buff on your payments... probably at your loss too. Besides, looking forward to what you can get when you are done is a good way to encourage yourself to do well in school.
I am making 2500/mo and have found it to work out. It might be rough for a while, but since I am planning now, I should be fine. Plus, I should have a better job by the time the STi is in.
To the guy who started this thing... I just graduated college. Don't hold out on having a job right away (if you graduate soon). I have 3.5gpa with a chemical engineering degree and cannot find a job. This econ sucks!!! I am just a temp for now. These days, an education doesn't mean anything fancy.
Hold out until you can be sure you can cut it or else somebody will gladly scoop up your used STi when you buff on your payments... probably at your loss too. Besides, looking forward to what you can get when you are done is a good way to encourage yourself to do well in school.
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$3000 a month take home (after Uncle Sam's cut) would work...
My down payment went up to 13000$. If i do end up getting this car what I will do is save all the money I make during the summer before college and put it in an account and just deduct the payments from there. Ill take about 1500 for fun college spending. Someone could be making what 4000 a summer, take 1000 for gas and stuff an ill be set for the whole school year. Then Ill get a job waiting tables and make like 800 a month and with the money I dont spend Ill just place it in the account thats there for my car. And work only 10 days a week. Since my monthly payments are paid for im all set.
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Dedicated server
Huh? :wink:HunterA said:
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Not to change the topic of this thread but you can thank outsourcing and visas for you not being able to get a job. Why would a company pay a recent graduate with no experience $40k to $50k a year when they can get 2 visa holders here or 5 people in another country with a lot of experience to do the work for the same amount or less. Things are going to get a lot worse before they get better unless some major changes are made which I doubt will happen. An estimated 3.3million jobs and $136billion in wages will be shipped over seas in the next 10 years and that is just IT.Zx2->STi said:
For some more info on this go to www.zazona.com and see for yourself or more specifically http://www.zazona.com/ShameH1B You are not going to hear the real stats and info on the news.
You are right. However, I have more experience than the next college grad. 2 years of undergrad research and co-op (rotational internships)...
Which brings up another suggestion for the college students who aspire to be STi drivers. If you are in a major that allows it, try to find a good co-op/internship. I co-oped with Bayer. They started me at 2000/mo first, then 3200/mo, and finally 4800/mo (san francisco) on my third rotation. It is a good way to make some mad cash to save up (and get some experience) while in school... especially for an STi.
Which brings up another suggestion for the college students who aspire to be STi drivers. If you are in a major that allows it, try to find a good co-op/internship. I co-oped with Bayer. They started me at 2000/mo first, then 3200/mo, and finally 4800/mo (san francisco) on my third rotation. It is a good way to make some mad cash to save up (and get some experience) while in school... especially for an STi.
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