that is a pretty high payment for an auto... Good Luck with your situation mang...

 

nah he's not a good friend... he's actually a friend of a friend but i consider anyone i meet a friend unless they do something evil to me he really wants the car and the dude ****s money so i doubt he cares..plus its not like im lying about the price...im sure his payments will be alot cheaper than mine

 

thanks bud

 

30k is way too much for a 03 AT with 26k. My car payments are $430 at 60 months and I still feel like I should have saved up more. I can't blame you for wanting out. I agree cut your loses and take the deal you made with your friend. Those are some serious cars you are talking about. I say drive something cheaper and just save up for a condo/house.

 

Jimmy, I think you should sell the G, and saved more money for a year or two, maybe down the road, your priorties will be little different.

good luck.

 

hey jimmy,

what did you end up deciding on with your bumper?

 

YO BLAZIN! sorry man im still trying to decide... it sounds tempting if i keep the g im probably just goint to sell it local cause i dont really feel like dealing with shipping. If i sell the G you got dibs on it and i'll sell it to you for 350 + shipping... it just got re sprayed 3 weeks ago so the paint is still pretty new. I'll let you know soon.

 

Jimmy, sell the car to your friend and get something you can truly afford. I mean not something that makes you car poor but something you can either pay cash for or have very small payments for like a couple of years at most. Get some money saved for living on your own and then for a large car down payment (at least 1/3) before moving up again.

 

A good rule is that the total value of all your cars shouldn't exceed 50% of your NET income. That's the max typically recommended with 35% considered good. A 2004 6mt costs about 25K so you would need to be in the 65K-95K Gross income to hit those numbers.

No saying you can afford a G with less money, your just going to have to sacrifice other areas of your life. Not having rent helps a LOT since this is typically 25% of most people's net income. Because of this, you could probably "swing" it on 50K - 70K gross and still put money in savings, etc.

 

You can refinance a car at any time. Go to a credit union and I bet you can get a lower apr. And lower your payments by a lot.

 

Sounds good, just keep me posted...

good luck with what you decide on..

 

Well from personal experience, I say sell the G and save your money since you are still young.

I wish I didn't spend as much money on toys as I did when I was in my early 20s, and should've put the money towards a piece of property. Trust me, it's one of the best things you can do. I just got into property recently, and paid 300K for a 450 sq ft studio in the San Francisco area...because that was all I could afford. My only wish was that I jumped into real estate sooner. You are young and have lots of time to buy cooler toys and do it all correctly in a few years.

But then again, you are only young once and still living with your parents, so if your true desire is to own a G over anything, then I say refinance with a credit union.

 

well so far im stuck between selling it and getting a 6mt ...or selling it , save up for a year, get a cool car i can pay cash for and move out. ...property sounds good but i guess its just never crossed my mind..sounds tempting aswell. It seems like its going to go and i'll just save up for for a few years and see what i do with my money then.

 

you got raped on that 03 with 26k miles.... sell it and save until you have as much to buy off the a new g and then put 1/3 of that down... if you can't save any money living with your parents, then buying a new g is not a good thing to do financially.

 

dude you jst got this car............but whatever i guess you should get the m3 over the 97 supra