20 yr old looking for a g35
#31
If you are active duty military, I wouldnt recomment buying it on a loan only because depending on your pay grade may be a bit low to solely afford one. I pay about $500 a month now for my car payment/insurance and I am 28. Not to mention that for about $15000, it will be hard to get a G that is in good to excellent condition with lower miles. I paid $20000 + tax for my 2006 with almost 55k miles. I love my car but I could have bought a GTO(Boo!) or something else for less. Be prepared to pay slightly above that for a G so you may even want to consider a 350z.
I blew the engine and some other stuff, so I demodded my G, and I traded it into the dealer, I had still owed 15k on it, but they gave me 10k, I ended up financing a 07 G35 with 26000 miles fully loaded with every option you could think of in 2009 for $34k with 3k down, total price financed was $31k at the age of 21. I had some fraud occur to my credit so I was in the middle of fixing that, so I got a pretty crappy rate on the loan. It was 10.9% or something of that sort and my payment was $565 a month for 72 months. I ended up refinancing and got it down to $535 a month for 60 months. I did all this while being a E-4 in the military. I ended up getting out of the military as an E-5(2 months ago). I also lived pretty comfortably during the time, bought what I wanted, went out and partied, did all the normal stuff, ate whatever i wanted(most important)
Moral of the story, just set a good financial plan for yourself and if you can afford it than buy whatever you want. Also I feel really really sorry for the person that bought the 03 g35 that i used to have, that car was put back together in 1 day of frustration, zipped tied the ECU back in place lol!!!!
Oh yeah, full coverage insurance with every option for car insurance is only $120 a month for me.
Last edited by Gsouske35; 08-14-2010 at 04:36 AM.
#33
#35
If you are active duty military, I wouldnt recomment buying it on a loan only because depending on your pay grade may be a bit low to solely afford one. I pay about $500 a month now for my car payment/insurance and I am 28. Not to mention that for about $15000, it will be hard to get a G that is in good to excellent condition with lower miles. I paid $20000 + tax for my 2006 with almost 55k miles. I love my car but I could have bought a GTO(Boo!) or something else for less. Be prepared to pay slightly above that for a G so you may even want to consider a 350z.
for the most part Z's and G's are the same price, granted you keep the packages similar. my plan for the military was to get out with a nice, paid off car and my GI bill for education. So I bought a 2005 base model 350z for 15k, it had 68k miles on it. I paid 8k cash that i had saved from my Iraq deployment, and i had 7k financed through Navy Federal. the 7k i had financed over 72mo or somethign crazy like that, and on this previous deployment i not only paid it off, but threw another 4k into mods and body stuff. Thats a 15k car paid off in a year and a half... unfortunately i totalled it but the point is, if your smart with your money and have a plan then do whatever. and PLAN YOUR PAYMENTS OUT! you dont want to overpay and then struggle with everything else! sometimes its better to pay the extra money for intrest to have some peace of mind on a daily basis. For the year and a half inbetween deployments, my only bills were a car payment and insurance. the car payment was taken out twice a month(cuz military gets paid twice a month) at $93 a paycheck, $186/mo and my insurance was around $140/mo. so of my $800 paychecks a month i had about $700 to blow on the first through the 14th and then $ $570 to blow on the 15th through the 31st.
BTW, im 23 and a Corporal(E-4) now and i bought the Z when I just turned 21. I got my G for 7k, and im paying $100.20 a paycheck for it. I am also making over double what i was making then. but same concept, ill throw money into it when i have extra, but no need to be forced to due so.
#39
Moral of the story:
- do factor in hidden costs (depreciation, insurance, gas, maintenance)
- pay your car fully in cash if possible
- if you're not paying in cash, structure your payments, have a good credit rating
- a car is a liability, they lose value overtime
- real estate is most definitely better investment than a G35
and the most important of all
- G35 is fun to own, and drive! But be prepared to toss it away sooner or later
- do factor in hidden costs (depreciation, insurance, gas, maintenance)
- pay your car fully in cash if possible
- if you're not paying in cash, structure your payments, have a good credit rating
- a car is a liability, they lose value overtime
- real estate is most definitely better investment than a G35
and the most important of all
- G35 is fun to own, and drive! But be prepared to toss it away sooner or later
#40
Something to consider, new Honda Accord Coupe LX:
~$20,000 OTD brand new. Considering how much you drive, they do lease deals for $250/mo for 12k miles/year. You wont have any maintenance issues; I do a lot of my own wrenching, but once in a while its not worth the trouble and i'll take it in, and I can't seem to get out of the dealer for less than a grand. If you're not mechanically inclined they'll rape you....for example my dealer wanted another 3-4 hundred bucks for about half an hour's worth of work and 50 bucks in parts. Do your research.
~$20,000 OTD brand new. Considering how much you drive, they do lease deals for $250/mo for 12k miles/year. You wont have any maintenance issues; I do a lot of my own wrenching, but once in a while its not worth the trouble and i'll take it in, and I can't seem to get out of the dealer for less than a grand. If you're not mechanically inclined they'll rape you....for example my dealer wanted another 3-4 hundred bucks for about half an hour's worth of work and 50 bucks in parts. Do your research.
#41
#42
#43
#44
Moral of the story:
- do factor in hidden costs (depreciation, insurance, gas, maintenance)
- pay your car fully in cash if possible
- if you're not paying in cash, structure your payments, have a good credit rating
- a car is a liability, they lose value overtime
- real estate is most definitely better investment than a G35
and the most important of all
- G35 is fun to own, and drive! But be prepared to toss it away sooner or later
- do factor in hidden costs (depreciation, insurance, gas, maintenance)
- pay your car fully in cash if possible
- if you're not paying in cash, structure your payments, have a good credit rating
- a car is a liability, they lose value overtime
- real estate is most definitely better investment than a G35
and the most important of all
- G35 is fun to own, and drive! But be prepared to toss it away sooner or later