Its been a short stay and I loved it...but its time to say goodbye
#31
09-21-2007 | 11:00 AM
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Originally Posted by Weegie
Wow Rocco, you're like an inspiration, no joke.. I'm 21 and I work for a major brokerage firm in Jersey City, NJ (they used to be located in WTC but after 9/11 they relocated to Jersey City) and for my age, I make a great salary as well, but I must say you made it sound so easy... I used to lease a '04 Galant and paid $249 a month, it was dirt cheap... and gas?? I used to always wonder why people bragged about "mpg"... well now I know why, I used to throw $35 worth of super twice a week, if that... now with my G, I'm throwing in $45 about 3 times a week, easily!
I had one year left on my Galant so Infiniti did the whole buyout but the balance I owed rolled into my payments, with $500 out of pocket, (total of about $2200 due at signing) I now pay $526/month... insurance under my own name here in NY at the age of 21 is costing me just $252/month (CHEAP for a sports sedan at just 21 in NY!!).. so my monthly payments on the car itself cost me $778 and my 3x per week gas servings of $45 a pop are costing me another $360-$500+ a month, so the total cost to own my G is $1138-$1278+ per month... it's ridiculous, let me just lease a mid-90s Ferrari but never drive it, it would cost me the same!
I've been dating my girlfriend and I now want to get engaged and settle down and buy myself a house in super-expensive NY, but I honestly can't save enough for a ring at the same time as I pay for my car, pay for the gas to take her out, pay to go out, pay for vacations....... it's just ridiculous, I'm putting myself in a hole for no apparent reason... Like you said, "a total waste of money at this time in my life". Don't get me wrong, I absolutely LOVE the car and everything about it, but I wish I had thought this all out before I signed those papers at the dealership...
So just for my own knowledge, in case I plan on going the same route you did; basically, I can go to a dealership, ask them what they'll give me for it, take that and pay off IFS and then pay the difference (if any) and get myself into a new lease for $0 down?? that's it? I was looking at like swapalease.com and all but they charge so much and it's not even guaranteed, I'd rather go to a dealership myself and do the numbers on paper so I can see for myself... Any other advice you could provide me with? Again, thanks for posting this, because I've been contemplating this sort of decision, but just kept calling myself crazy, but maybe it really is the smarter decision at this time - heck, even my father said he was jealous of me, he's only driven used cars up until 1999 when he began leasing, and all he leased were Mitsu's, he almost fainted when he heard what my payments were lol
I had one year left on my Galant so Infiniti did the whole buyout but the balance I owed rolled into my payments, with $500 out of pocket, (total of about $2200 due at signing) I now pay $526/month... insurance under my own name here in NY at the age of 21 is costing me just $252/month (CHEAP for a sports sedan at just 21 in NY!!).. so my monthly payments on the car itself cost me $778 and my 3x per week gas servings of $45 a pop are costing me another $360-$500+ a month, so the total cost to own my G is $1138-$1278+ per month... it's ridiculous, let me just lease a mid-90s Ferrari but never drive it, it would cost me the same!
I've been dating my girlfriend and I now want to get engaged and settle down and buy myself a house in super-expensive NY, but I honestly can't save enough for a ring at the same time as I pay for my car, pay for the gas to take her out, pay to go out, pay for vacations....... it's just ridiculous, I'm putting myself in a hole for no apparent reason... Like you said, "a total waste of money at this time in my life". Don't get me wrong, I absolutely LOVE the car and everything about it, but I wish I had thought this all out before I signed those papers at the dealership...
So just for my own knowledge, in case I plan on going the same route you did; basically, I can go to a dealership, ask them what they'll give me for it, take that and pay off IFS and then pay the difference (if any) and get myself into a new lease for $0 down?? that's it? I was looking at like swapalease.com and all but they charge so much and it's not even guaranteed, I'd rather go to a dealership myself and do the numbers on paper so I can see for myself... Any other advice you could provide me with? Again, thanks for posting this, because I've been contemplating this sort of decision, but just kept calling myself crazy, but maybe it really is the smarter decision at this time - heck, even my father said he was jealous of me, he's only driven used cars up until 1999 when he began leasing, and all he leased were Mitsu's, he almost fainted when he heard what my payments were lol
dammmmmmm and i thought the first post was too long to read.......
#33
09-21-2007 | 12:43 PM
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Originally Posted by Weegie
Wow Rocco, you're like an inspiration, no joke.. I'm 21 and I work for a major brokerage firm in Jersey City, NJ (they used to be located in WTC but after 9/11 they relocated to Jersey City) and for my age, I make a great salary as well, but I must say you made it sound so easy... I used to lease a '04 Galant and paid $249 a month, it was dirt cheap... and gas?? I used to always wonder why people bragged about "mpg"... well now I know why, I used to throw $35 worth of super twice a week, if that... now with my G, I'm throwing in $45 about 3 times a week, easily!
I had one year left on my Galant so Infiniti did the whole buyout but the balance I owed rolled into my payments, with $500 out of pocket, (total of about $2200 due at signing) I now pay $526/month... insurance under my own name here in NY at the age of 21 is costing me just $252/month (CHEAP for a sports sedan at just 21 in NY!!).. so my monthly payments on the car itself cost me $778 and my 3x per week gas servings of $45 a pop are costing me another $360-$500+ a month, so the total cost to own my G is $1138-$1278+ per month... it's ridiculous, let me just lease a mid-90s Ferrari but never drive it, it would cost me the same!
I've been dating my girlfriend and I now want to get engaged and settle down and buy myself a house in super-expensive NY, but I honestly can't save enough for a ring at the same time as I pay for my car, pay for the gas to take her out, pay to go out, pay for vacations....... it's just ridiculous, I'm putting myself in a hole for no apparent reason... Like you said, "a total waste of money at this time in my life". Don't get me wrong, I absolutely LOVE the car and everything about it, but I wish I had thought this all out before I signed those papers at the dealership...
So just for my own knowledge, in case I plan on going the same route you did; basically, I can go to a dealership, ask them what they'll give me for it, take that and pay off IFS and then pay the difference (if any) and get myself into a new lease for $0 down?? that's it? I was looking at like swapalease.com and all but they charge so much and it's not even guaranteed, I'd rather go to a dealership myself and do the numbers on paper so I can see for myself... Any other advice you could provide me with? Again, thanks for posting this, because I've been contemplating this sort of decision, but just kept calling myself crazy, but maybe it really is the smarter decision at this time - heck, even my father said he was jealous of me, he's only driven used cars up until 1999 when he began leasing, and all he leased were Mitsu's, he almost fainted when he heard what my payments were lol
I had one year left on my Galant so Infiniti did the whole buyout but the balance I owed rolled into my payments, with $500 out of pocket, (total of about $2200 due at signing) I now pay $526/month... insurance under my own name here in NY at the age of 21 is costing me just $252/month (CHEAP for a sports sedan at just 21 in NY!!).. so my monthly payments on the car itself cost me $778 and my 3x per week gas servings of $45 a pop are costing me another $360-$500+ a month, so the total cost to own my G is $1138-$1278+ per month... it's ridiculous, let me just lease a mid-90s Ferrari but never drive it, it would cost me the same!
I've been dating my girlfriend and I now want to get engaged and settle down and buy myself a house in super-expensive NY, but I honestly can't save enough for a ring at the same time as I pay for my car, pay for the gas to take her out, pay to go out, pay for vacations....... it's just ridiculous, I'm putting myself in a hole for no apparent reason... Like you said, "a total waste of money at this time in my life". Don't get me wrong, I absolutely LOVE the car and everything about it, but I wish I had thought this all out before I signed those papers at the dealership...
So just for my own knowledge, in case I plan on going the same route you did; basically, I can go to a dealership, ask them what they'll give me for it, take that and pay off IFS and then pay the difference (if any) and get myself into a new lease for $0 down?? that's it? I was looking at like swapalease.com and all but they charge so much and it's not even guaranteed, I'd rather go to a dealership myself and do the numbers on paper so I can see for myself... Any other advice you could provide me with? Again, thanks for posting this, because I've been contemplating this sort of decision, but just kept calling myself crazy, but maybe it really is the smarter decision at this time - heck, even my father said he was jealous of me, he's only driven used cars up until 1999 when he began leasing, and all he leased were Mitsu's, he almost fainted when he heard what my payments were lol
I wanted to get into a lease for something like an 07 altima, but I didnt want to incur any out of pocket expenses since 5 months ago I put 2500 total out of pocket on my G. With that said leasing an altima with absolute zero due at signing + my $1733 negitive equity was not feasable. The payments would have been in the 400 range, for a 39 month lease...not worth it to me. I actually got into a finance and thats how I made it all work. I took the 05 accord for what we owned it for, which was $16,500 and added my negitive equity to that. I have great credit so I got tier 1, which on a pre owned car and 72 months is 8%. I know it sounds a little high but pre-owned rates are always higher + its a 72 month loan which is once again always a higher rate.
I did alot of calculations before I did this...I like the fact that if in a year I want to trade out of this car, I will pretty much break even once again, im not stuck to this car for the whole loan. I chose the Honda once again because of its resale value, I could have went with something else...but once again I would have to keep the car for the whole loan, or incur alot of expenses to get out when I want to.
Hope this helps, if you any other questions feel free to ask. Im actually a sales manager for Nissan of Queens, if I can help you out anymore give me a call at 718-835-8300.
BTW if i calculate gas and all the car was probably costing me around 1500 per month. To bad that **** was expensive I loved her lol.
Rocco
Originally Posted by JOKER
Good luck with a lawn mower
Stay safe.
Stay safe.
As for my HONDA thuogh, funny that lawn mower has the same trade in value as an 05 G, which cost double
Last edited by logik05se; 09-21-2007 at 12:46 PM.
#34
09-21-2007 | 12:58 PM
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Originally Posted by logik05se
Yesterday I made an extremly spontanious deceision. I have actually been saying this to myself for the past month or so, but out of nowhere yesterday I went and did it. I went and traded in my 5 month old,24 month lease, fully loaded 07 G35S 6mt with fujita intake and 20 inch rims (keeping both of those), for a 2005 Honda Accord EX-L 4 CYL with 9,000 miles in mint condition.
I know rite now everyone is scratching there heads or calling me an idiot. But theres a big reason for this. I'm only 23 years old, and make a very good income especially for my age. I have owned about 15 cars now, 3 of which were brand new. Within the past 2 years I had an 05 Maxima, an 06 g35 coupe, and then my 07 sedan. Complete waste of money at this point in my life.
The car was costing me around $1000 per month after lease payment, insurence, and I payed $150 to park it so it wouldnt be on the street. I didnt do this because I couldnt afford the car. I did this because I need to get my priorties straight. I want to buy my own hosue within 2-3 years, and the only way im going to be able to pull that off is by sacraficing now. In probably much less then 2-3 years im going to have a much better position at my job, so it will be even easier for me to pull this off. Once I get myself back into the car game, I am definatly getting something thats going to be ridiculous, like way beyond what im at now.
I ended up getting out of my lease with only $1733 negitive equity, which I just rolled on the finance of the 05 accord. The car is costing me $360 a month with absolute zero out of pocket and an extended warranty. I will also park this car on the street, so i save there as well and on insurence. I will especially save at the pump lol.
I will say this though. Even though I know I made the rite smart deceision...yesterday and today I was actually a little sick to my stomach how much I miss my G. I really loved that car.
Its been great fellas, I'll always be reading to see what comes up for everyone and the G's.
Rocco.
I know rite now everyone is scratching there heads or calling me an idiot. But theres a big reason for this. I'm only 23 years old, and make a very good income especially for my age. I have owned about 15 cars now, 3 of which were brand new. Within the past 2 years I had an 05 Maxima, an 06 g35 coupe, and then my 07 sedan. Complete waste of money at this point in my life.
The car was costing me around $1000 per month after lease payment, insurence, and I payed $150 to park it so it wouldnt be on the street. I didnt do this because I couldnt afford the car. I did this because I need to get my priorties straight. I want to buy my own hosue within 2-3 years, and the only way im going to be able to pull that off is by sacraficing now. In probably much less then 2-3 years im going to have a much better position at my job, so it will be even easier for me to pull this off. Once I get myself back into the car game, I am definatly getting something thats going to be ridiculous, like way beyond what im at now.
I ended up getting out of my lease with only $1733 negitive equity, which I just rolled on the finance of the 05 accord. The car is costing me $360 a month with absolute zero out of pocket and an extended warranty. I will also park this car on the street, so i save there as well and on insurence. I will especially save at the pump lol.
I will say this though. Even though I know I made the rite smart deceision...yesterday and today I was actually a little sick to my stomach how much I miss my G. I really loved that car.
Its been great fellas, I'll always be reading to see what comes up for everyone and the G's.
Rocco.
You sound like a very mature and level-headed young man. I think you made the right decision at this point in your life, given your financial position and your goals for the future. It is not often that you see such maturity and common sense in a young man (or lady) like yourself.
Just think, in a few years, you will be able to buy the car of your dreams to park in the garage of your "future house".
Kudos to you Rocco! And best of luck in all of your future endeavors.
Regards,
#35
09-21-2007 | 01:14 PM
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From: Upstate, NY
Rocco:
Good decision. I agree - it's best to save up for a home. I'm always amazed, when I drive by some apartments, how many fancy, very expensive cars are in these apartments, and amazed how much more money folks are willing to put in their cars then their homes. To each his/her own, I guess.
Having a home is a good investment, and it beats throwing away money at an apartment (or living at home). A home increases in value in the long haul, while a car decreases in value as soon as you drive it out the lot.
Also don't forget to max out your pre-tax contributions to your 401k - saving early will reap huge benefits in the future. Yeah, saving up for a home, 401k and other savings won't give as quick an instant gratification as getting a fancy car, but in the long run, you're better off and will be able to afford even more fancier cars in the future. Accord is a good choice - you don't worry about where to park it all the time, it is very reliable, and you can keep it for a long time. When I first graduated from college many years ago, I was also trying to decide whether to get a sports car or not. I had decided to get an Accord. I kept it for about 7 years, and had saved more than enough to get a good home and have a nice portfolio of stocks.
Good decision. I agree - it's best to save up for a home. I'm always amazed, when I drive by some apartments, how many fancy, very expensive cars are in these apartments, and amazed how much more money folks are willing to put in their cars then their homes. To each his/her own, I guess.
Having a home is a good investment, and it beats throwing away money at an apartment (or living at home). A home increases in value in the long haul, while a car decreases in value as soon as you drive it out the lot.
Also don't forget to max out your pre-tax contributions to your 401k - saving early will reap huge benefits in the future. Yeah, saving up for a home, 401k and other savings won't give as quick an instant gratification as getting a fancy car, but in the long run, you're better off and will be able to afford even more fancier cars in the future. Accord is a good choice - you don't worry about where to park it all the time, it is very reliable, and you can keep it for a long time. When I first graduated from college many years ago, I was also trying to decide whether to get a sports car or not. I had decided to get an Accord. I kept it for about 7 years, and had saved more than enough to get a good home and have a nice portfolio of stocks.
Last edited by randman; 09-21-2007 at 01:17 PM.
#36
09-21-2007 | 01:22 PM
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From: Richmond, VA
Ahh, cars are fungible and I've had a bunch. After you do your "penance" in the Honda you can go for the latest and greatest. You must really want to punish yourself -- you could have at least got the six banger Accord. 
The only car I really miss is the '68 Chevelle SS I had which I foolishly sold when I was in college. I keep pictures of it like an old girlfriend.
The only car I really miss is the '68 Chevelle SS I had which I foolishly sold when I was in college. I keep pictures of it like an old girlfriend.
#38
09-21-2007 | 04:46 PM
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Originally Posted by barrister89
Ahh, cars are fungible and I've had a bunch. After you do your "penance" in the Honda you can go for the latest and greatest. You must really want to punish yourself -- you could have at least got the six banger Accord.
The only car I really miss is the '68 Chevelle SS I had which I foolishly sold when I was in college. I keep pictures of it like an old girlfriend.
The only car I really miss is the '68 Chevelle SS I had which I foolishly sold when I was in college. I keep pictures of it like an old girlfriend.
LOL honostly if I had the choice, I may have went with the 6, but this what was available at the time, by far the best pre owned car in my whole inventory for the money. I had to do things so quickly because the deal was rite and I was getting the rite money for my car, I didnt want any changes in either situation to occur and end up burying myself in my car where It would have cost me alot to get out.
But damn she sure is slow lol.
On a side note, I freed up this cash for more then just trying to save another 5-600 bucks a month...if things go the way im planning withing the next year, I have my sights set on the GT-R. This time around though I will only do so if feasable, and it just may be.
#40
09-22-2007 | 12:36 AM
#41
09-22-2007 | 09:45 AM
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From: PA
This sounds like the same decision that I just had to make myself.... I'm 24 and bought a house in May... I make pretty good money but ssing that I was paying almost $700/month on a car was crazy... Well, they say things happen for a reason, I totaled my 07 G35x last month and I moved on to a TSX.. It still has a lot of features but I sure miss the G. In the end the end, I will be paying 24k for the car vs 40k. I think your decison is a good one even though it is hard to digest right now.
#42
09-22-2007 | 09:01 PM
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good job young man!!! This decision will be one of the best you have ever made. Being financially prudent and looking prospective is a sign of maturity. I traded down from a BMW 7 series to my 07 G35. Best decision ever and I already own a home and make alot of money. I had an accord, actually 2, great cars..
#45
09-22-2007 | 11:55 PM
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From: San Francisco
logik05se - good luck man! I'm really glad there are still 23 year olds out there with your level headed thinking. Having real estate at your age would be more valuable to you in the long run but I'm sure you already know that. Who knows? when you're in a more comfortable financial situation later, you could be the first owner here with the '10 G39 LOL.