Cpotts13
Well-Known Member
Pass, I never realized how good no car payment was till I had one again -_- Get a nice dd?
Someone said recently " everyone and their brother has a coyote"
your car is tight, low mileage. Keep it don't be car poor.
Pass, I never realized how good no car payment was till I had one again -_- Get a nice dd?
No freakin way Id pay $1000+ a month just to drive a new mustang that's going to blend in with the 5000 other coyotes within a mile from you.
Solid advice.
Joe 6 bills a month will kill you at that age. I'm putting money aside and going through finances to determine what I can spend in the next few months on a '11 Shelby. My cutoff is 5 bills a month. That leaves me with enough for insurance, insurance on my jeep, storage on my silver turd, gas money, cell phone, gym, and everything else. Plus money to spend when I feel the need. I'm 22 working 40+ a week tho. You really need to put all of that into perspective when you're thinking about buying a new car, or anything else for that matter. Best advice I can offer you is to put 6 aside this month and don't touch it. Then when November rolls around, look back at October and decide if you can do that every month or not. If you feel comfortable then do another month to be sure. I tested myself by impulsively buying a glock a few months ago. $598 out the door. After reviewing my finances I found that I could easily spend that kind of money and still do whatever I want. It's what helped me determine a cap for what I can spend on a monthly payment.
It's ultimately up to you but I can tell you at 18 i was working full time and paying $400/month on my old camaro. It wasn't hard because I turned part Jewish lol, but I couldn't do the things I wanted to do. So think about that too man. Sounds like you've got your mind made up already, but I just wanted to add my own experience to the mix.
When you do decide you want to buy, save up a nice down payment. Most banks like to see 10%. It'll definitely help you get a lower monthly, and better interest rate. Which the interest is what kills you, that's why your buddy is paying so much a month. Sounds to me like he's tired of the payment lol
no way i would do that trade, you would be giving him your car for free. if you wanted to it i would tell him a price for your car and take that cash and put it as a down payment on the loan for his car or another. either way the payment would suck
Good thing I have a degree ;p