Dude I make about that much on my own and I have an extra 1000$ every month going towards retirement so I would say don't do it yet, te cost of the car gas and maintenance for stuff like Tires...

Wait and save as much money as you can..... that will also allow you time to decide if you really want it, in my opinion, if you asking, you don't know yet...

 

I say buy it!! Obviously only you can decide if you can fit it in, but I would say go for it. I try to live by the fact that I only live once and that I do everything that I can when I can. It makes things more fulfilling for me. I travel to other countries as often as I can, I own a motorcycle, the G and I like to try new things and take risks. I have been sky diving, bungee jumping. You might not be like me but I would go for it, but that's just cause I did. My opinion of course.

 

Depends on where they live. They might not live in a high income area.

 

If your current car is running from point A to B, I would wait and deposit any extra monies into a savings account. It appears you own a home. That is a good start. Keep saving . . . It will afford you and your family better options for the future. Consider what you will have saved over a 5 year period versus what your new car might be worth after the same 5 year period.

A new car is short lived. Whereas, I trust you will be around much longer and will need funds for kids, college funds, home improvement, etc. Wait until you are in a much better financial position.

In the meantime, if you do require a new vehicle . . . Have you considered a less pricey car?

Regardless of what you may or may not decide on . . . Decide wisely . . .

 

Uhh... this is a thread from 2003. I don't think the guy will be reading our responses. But if he does.... I say buy it!

 

A couple comments:
-You own a house, you should look into buying the G35 with a home equity loan
-A used coupe will save you thousands and, with the exception of wheels, will look the same on the outside as a 2005 model.
-You mentioned you will trade in your old car for 10k. Selling it private party will get you a couple thousand more.
-Get a cool car before the kids handcuff you. If your wife is actually letting you buy the car, that is a good sign! Seems like a lot of wives complain about their husbands spending money, then go buy Louis Vuitton handbags and overpriced crap.
-Get a 6 speed. It is so much fun! Wife can't drive stick? Oh well!

Good luck with your decision process. Let us know what you decide!

 

Wow, I didn't realize that. Thanks DJInferno for resurrecting the dead! lol

I wonder if he bought a G or not!?!?!?

 

trying to be helpfull backfires at times

 

LOL . . . Yup!

 

Go ahead, but if you didnt buy & since this thread is so old... 2 years of saving you should be able to pay for the car in full almost.

 

damn! Mortgage is only $1K a month? My rent is more than that.
when I buy a house I don't see how I pay less than $4k/month around here

 

You've got to be kidding right? All you other suggestions where so good they make this one look even worse by comparison.

The ONLY possible way I would follow this advice is if I had at least twice the pruchase price in equity in the house. Talk to someone who has a 2nd mortage that puts their house close to or over the value of the house and I think you'll think twice before recommending this option in the future.

There is nothing worse than being trapped in a house because in order to sell it you have to write a check at closing. Happened to my boss and another friend of mine. The boss ended up staying in the house five years longer than he wanted to be there.

 

At least he had a house to stay in, man some people are so in a hurry... Talk to the homeless guy under the bridge, he has a testamony

 

Man I could never justify dropping that much money down on a car.

 

A lot of people are in that situation these days. To have two new cars, and the wife and I both drive 80miles/day, figuring gas, ins, payments, I'm sure we spends 1200+ a month to have the so-called luxury of transportation Yet I'm satisified knowing my wife and I are spending it on two SAFE cars to drive each day than to spend 400 less and have two GM's in the garage.

~Rob