I love the G35....can headhunt brand new BMW's for 1/6 of the price...Great luxury and always easy of the eye.

I'm looking to purchase one in about 2 years after I graduate college and will be making between 45k to 50k...I'm thinking about going two routes here.....Buying an 05/06 G35 for 8 grand cash with 130k to 145k miles or put a solid down payment on an 08 G37 that will prolly cost around 15k....When I graduate I will be working a **** ton and live very close to my job(it's just more efficient and a gas saver).

I'm trying to achieve a balance of frugality but still have the ability to enjoy life and its toys....

What would you guys do?

 

Alot can happen in two years. The G is a great car but in two years, you may be able to afford an 08 IS-F. Now you are talking fun!

 

So I'm guessing you are a sophomore in college right now?
Well anyways, I would buy with cash.
It's always better to not owe anything.

And what if you can't get a job when you graduate.
Things happen and you never know.

 

This ^^^College Now-a-days do not guarantee you a job.. You cannot predict what someone will offer you for a position..Your only option is to work with what you have now..

 

ya serious ^^ i graduated like 4 yrs ago and am only making 40k. took a while to find a job. companies are not hiring like they used too. i would say go the cheaper route and play it safe.

 

It sounds brutal and awful to the average person but I am graduating with a bachelors in hospitality management(Hotel, Restaurant, and tourism)...I enjoy this field and currently hold a supervisor position in a nice restaurant at only the age of 20....There will be plenty of jobs to be had because few within this field want to do the work or hold college degrees. I am hoping to land a regional management job by my late 20's/ early 30's....I should have no problem finding a job when I graduate with that said...Business degrees simply don't cut it anymore, they are a dime in a dozen...Combining the experience that I have now and the education of college(you simply can't go wrong)

If I weren't able to find a job which is highly unlikely. I would just make the 45k by working 2 jobs that pay 11-14 an hour, splurge a bit on a car and save the rest.....I will get what I want no matter how bad or good the job market is...

Goals after graduate: Work a ton, Get a G, and Save an *** ton of money until I land into an upper-management job...

 

You got a plan, I say go for it. It's a good plan. I especially agree with the advice to go the cash route. Debt only limits your options, and costs you more. And you appreciate what you got when you worked for it and now have the reward, rather than instant satisfaction + debt.

 

How would you guys feel if I bought a 9k G35 fully paid off in cash by the end of this year....I am saving up hardcore(have 6k saved up)...... and would sell my current car so I would have like 3 to 4 more grand to pay for repairs if need be....I think a clean 04 diamond graphite would be beautiful and would look great for the next 5 years.....Also love the brembos....

Are my finances reasonable for a G35 while in college?

Monthly income 1300 to 1500 dollars

Rent/utilities 550
Food 250
Phone 60
Misc 100
Gas 150(will be living 2 miles away from campus and 2 miles away from work lol)
Insurance 100

Total: 1210....With an extra 100 to 200 dollars to put into savings and maintenance .......

 

From the numbers above. That sounds doable. If you are paying cash, you are not adding a car payment to the equation.

 

As long as having the car paid and not owing, then that is the best route to go.