Letting The G Go
#17
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
#19
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.
#22
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.
#23
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.
#24
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.
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.
#26
Originally Posted by jimmytango00
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.
Sounds good, just keep me posted...
good luck with what you decide on..
#27
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.
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.
#28
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.
#29