LOL, thats not my car....

 

Fellas, please. eThugging has always been retarded. 1RevvinFC3S is probably going to buy an FD and the best thing we can do is to be neither blindly supportive or critical. He asked for advice, heard it, came up with reasons he wouldn't have any problems, and that's okay. The next step is to provide USEFUL information about how to navigate any problems he might run into. What's the point of sharing information, or of asking for information, if we're all going to have to make the same mistakes?

MrNizzles, no offense, but if you're thirty-two (or thirty-******-two, as you so eloquently put it) then you should be old enough not to engage in this kind of bullcrap. Leave Viagra, putang, and insults altogether out of your posts. After all, you're THIRTY-******'-TWO. TitaniumTT, I can see where your concern stems from, but you can't assume that your way is the right way for everyone. I agree that getting a car like the FD while so young is problematic, and I have seen friends of mine get crushed under debt. You're being realistic, but your presentation of that information was more insulting than anything. It isn't the most effective way to protect him from making a mistake.

Damn, I've seen more maturity on a 240sx forum.

 

Well I'm 176 years old & I was the first woman to fight in the civil war. Oh yeah I own 7 houses in 9 different states and my base salary is $212,000/yr. It's on the internet so it must be true right? I'm sorry but I don't, nor will I ever believe anything you say hence forth. You claim to be thirty ******* two bitch yet you appear to have the maturity of a highschooler.

Well said and my apologies. I just don't think he was getting my point.

Here's my point to the OP spelled out in math - buy an FD for $15,000 and finance it for lets just say close to Prime if you're lucky. That will equate to roughly $306/ mo for a payment on a five year note. At the end of five years that amount adds up to 18,360 over the course of five years. 19% of what you are paying you might as well be burning becuase you are giving it to the bank. What's even worse, and here's the clobber moment - if you deposited that same 306/mo into an investment account and earned 13.01% (which I just looked up has been OUR personal five year compounding retrun ending 06/07) you would have - $25,679 in the bank. That is the true cost of having a toy. And that my friend is without any gas, any insurance or any parts. That's just to let an FD sit in the garage uninsured. Throw on another $150 for insurance, 100 for gas, and $200 on the light side as a budget for parts and all of a sudden your little toy will COST you $63,441 over the course of 5 years

 

^ thats alot of money

 

If you're truly serious, I'd say wait a few years until you have a steady career, and know what your bills/income are going to be like. I wanted an FD at 17, and was asking the questions you're asking now. I was living at home, working, etc, etc. Luckily, I found a thread very similar to this, put some long hard thought into it, and realized that I needed to wait. Like people have said, there can be unforeseen costs and circumstances that come up, and you want to make sure you have a nice cushion of $$$ lying around when you own an FD. I'm now 25 and just bought my first FD back in April. I bought my first house at 22, so I've been there for ~3 years to get used to what my bills are like, and what I can/can't afford. Believe me, I am NOT a patient person, so it has been extremely hard to wait this long to get an FD, but that makes it even more worth it. Btw, I work as a software engineer and make good money....So my advice to you would be to go to school, get an education, wait until you have a steady career/place of your own, and then go for a nice FD! Anyway, best of luck with whatever road you choose.

 

Your "message" might be read if it were readable in the first place.

Dave

 

Damn this thread is still going on? lol

I say the OP should just get it if he really wants to. Theres obviously alot of good advice from this thread whether positive or negative towards him and i think he is old enough to make the decision now.

Hopefully he really thinks it through and make the decision that will make him happy.

We forgot that not all of us were just shitting out money the day we decided to buy an FD, im sure alot of us had bills, and had questions of can i maintain and afford this car but we bought it anyway. When i was shopping for my FD, i was making not even 1/3 of what im making now and i still bought the car at the time. I also looked for 14 months while i was saving too because i didnt want to finance, i wanted to buy straight out.

Maybe the OP will find fianancial luck and never know, he will turn his FD into a magazine show stopper with a 20B or something, you never know. This thread looks similar to the threads over at nsxprime.

 

& that makes all the difference in the world! Costs about 60% over the course of 5 years and if you do come on financial hard times.... you OWN IT and you don't risk LOSING it becuase you can't come up with a few payments. I think financing an FD and expecting it to be a daily driver is silly. Buying one outright and having a primary car is a completely different story.

 

Yeah but dont get it twisted, if you dont have 14k (or whatever that specific FD costs) in your bank account, as long as you get a good interest rate, financing a car, especially a kid his age, CAN be a good idea because it will help him build his credit.

Although any person with an FD should have MINIMUM 4k in the bank just in case for an emergency. If you dont have that, then this is prob the wrong car for you. And if you need to save and save and save just for that 4k, because you have other bills, then the car is def not for you.

 

im 18 years old

insurance is cheaper on this FD than my 97 Celica ST 1.8 liter was...go figure man

 

You know, I don't really care that much about compound interest over a course of, say, 5 years ( to a point, not if it's rediculous) because that money would be going to waste otherwise. If I have something like an FD, you can bet my money will be going toward making it immaculate, NOT to pointless **** (i.e. giant single turbo). I don't need to mod it. I'll probably do reliability mods, intake, exhaust, ECU, and probably some interior work, but thats pretty much it for a little while. Anyway, I've decided that I'm gonna go ahead and try to do it. I'm selling the FC to have that extra $$$ in the bank on top of what I already have, and I'm going to get an FD. This is the one I have in mind.






The car belongs to RiceFX306 on this forum. Thread...

https://www.rx7club.com/showthread.p...37#post7152537

I'm going to see about a loan either today or monday before work.

 

Car looks good man.

And try to get a loan from a credit union because they almost always offer low interest rates.

 

I don't think I can join a credit union. I don't work for the state... or am I missing something completely? I was under the impression that you had to be either an employee of the state/county, or immediate family with someone who is.

 

There are all kinds of credit unions. Look around.