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How do you college students afford an FD?

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Old 07-31-04, 03:53 PM
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How do you college students afford an FD?

How do you do it? Do you make payments, or did you save up and pay cash? Do you have another daily driver, or is your FD your daily driver? Do you have full coverage or just liability? I'm starting college in 2 weeks and I'm not sure if I will be able to hold down a job and still make good grades. I'm taking 14 hours, not too much, maybe I'll get a weekend job. I'd appreciate any advice, I wanna make this happen. Thanks.
Old 07-31-04, 04:00 PM
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https://www.rx7club.com/showthread.p...hreadid=229313
https://www.rx7club.com/showthread.p...college+afford
Old 07-31-04, 04:08 PM
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being a college student myself, my advice:

i would suggest to save up a lot of money first. payments are a bitch and will be stressin. by saving up and having the majority of the car paid, payments won't be too bad. also get a good paying job with some security. fds aren't cheap to maintain. also educate yourself very well when purchasing an fd. if you are close to a knowledgeble rotary shop, bring it their to be inspected (compression, etc) BEFORE buying. and have a beater/commuter. put insurance under parents to keep costs down.

good luck,
chris
Old 07-31-04, 04:15 PM
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Agreed, Save up some cash. Payment's equal bad. If you can try not to drive at all during the semester. I don't know what you're situation is, but I didn't bring my car to college at all for this semester and I've been okay. If you're not driving it it can't break right? Have insuarance under parents and put yourself as second driver. If you don't use it in college much, also put it under a weekend car. Try to learn to work on the car yourself. Don't swamp yourself with school and a job if you can't handle it. Make sure your grades come first. If you have to sell the FD, then so be it. There will be plenty when you're ready again for one. You can always buy another rx-7 thats more reliable (see: NA).
Old 07-31-04, 04:23 PM
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Sell weed!
Old 07-31-04, 04:46 PM
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Originally Posted by mp5
Sell weed!
That is kiddy stuff, I sell pure Columbian cocaine.

Right now I have a very reliable Honda, nothing ever goes wrong. So that will be my DD. I've got a little more than 2 grand just sitting around right now, because my parents are paying for my insurance, so I keep all the money I make. So basically I have nothing to worry about except making good grades. I am going to wait at least until next school year to buy it. I need to test the waters and see what it is like. These are just pipe dreams right now, only time will tell I guess, but hopefully I'll be joining the community.

Thanks for the links diablone.
Old 07-31-04, 08:57 PM
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I work from 6 am to 2:30 pm...And most of my check goes into my car

I'm buying a daily driver in a couple of months because it makes no sense driving the FD every day...

$50 a week for gas...Fu%# that

Last edited by croatian 3gen; 07-31-04 at 09:04 PM.
Old 07-31-04, 09:27 PM
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I work 30 hours a week. Full time school in sfsu. about 60 to 70 % of the paycheck goes into my FD and FC; one more thing, the parts are not cheap >.<
Old 07-31-04, 09:45 PM
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I'm probably pretty lucky, but I have an arrangement worked out with my parents. I pay them an enormous amount of money twice-thrice a year. I used my old car, which my sister is buying, as a down payment. My sister keeps the honda, I keep the rx-7. With 4 cars in the household, I'll pretty much always have a backup to get me to work. As far as jobs go... get one with good benefits. The job I have at school pays for my dinner plan, which covers the rest of what I'd need to pay in terms of college costs. The hourly wage goes straight to me for paying off the car and other repairs/upgrade.

In summation, get a job with the right benefits and have understanding parents who will allow you to pay in odd allotments (for me, one payment at the end of summer, one at the end of the school year). Good luck with getting the rx7!!!
Old 07-31-04, 10:12 PM
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1) Drop back to part time and get a full time job
2) Get married so the insurance is cheap
3) Sell your soul to your company in exchange for a good salary
4) Find a place with a garage to park your broken RX-7
5) Bitch about never getting around to finishing your BS
Old 08-01-04, 12:26 AM
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Originally Posted by Jonas427
That is kiddy stuff, I sell pure Columbian cocaine.
Haha, how's that working out for you?
Old 08-01-04, 01:41 AM
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now for a college student.....i am 21 in school with my car paid off, you would think that having an rx7 paid off would be all good, but having to replace things such as the engine, turbos, tranny, and other small problems will add up to way more than half the price of what RX7s go for now. So unless you are made of money GO to school have fun wait till you get out of school.

Last edited by TainoIndian; 08-01-04 at 01:48 AM.
Old 08-01-04, 04:05 AM
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Buy it before you go, working for me.
Old 08-01-04, 11:40 AM
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im in college right now and taking 12 hours. im working full time 40 hrs weekly and i have full coverage. my car payments are $400 month an insurance is $400 a month. i pay only about 30 bucks a week for fuel. i live with my sister so i will be riding into school with her. i would say without a good paying job, save up a bunch of cash. i only put $1000 down payment and got 400 month car payments.
loren
Old 08-01-04, 01:19 PM
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I bought mine before school luckily and got it for 8k. I only work about 10-11 hrs a week tho so maintainance gets to be a pain. Luckily as well I got a full scholarship and am staying at home so all I really need to spend money on is the car.
Old 08-01-04, 02:17 PM
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Get extra financial aid from school and have my mom help me out.
Old 08-01-04, 02:48 PM
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Parents bought a 3000GT Vr4 for me when I was 16 and a half...

Sold it, and that's how I have my FD.

Last edited by fd3s_rx7; 08-01-04 at 02:49 PM. Reason: miss type in for 15, suppose to be 16
Old 08-01-04, 02:54 PM
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1) large downpayment from selling my Turbo II and saving up ($5000)
2) Payments arent too bad (under $200 a mo. for 4 years)
3) insurance is expensive, but its under parents name which makes it way less than it would be if it were under my name
4) Full time job
5) Part-time business on the side
6) Only put maybe 5000 miles a year on it, and many of those miles arent hard miles


Yea its expensive, but I love my RX-7
Old 08-01-04, 04:06 PM
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Full time student during fall/winter semisters at 13 hours, working 20-25 hours a week, not driving the FD unless I really feel the urge (30 mpg daily driver 87 octane vs. 18 mpg FD 93 octane).

During the summers working two jobs totalling about 60 hours a week.

Its the insurance that really seems to take its toll for the most part (crossing fingers when it comes to major problems). Regular maitenence is no big deal, comes out of my "fun" budget, because, well, I enjoy changing the oil on the FD !

Dan
Old 08-01-04, 06:18 PM
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damn that sucks for you guys still making payments on ur cars. I bought my rx7 2 yrs ago, bought it cash. I was going to finance an e36 m3 at the time but my parents persuaded me into getting something with less financial burden. I really dont find it a big deal keeping my rx7 on the road during college. The car is under my parent's name for insurance so that's real cheap. Other than that ive only worked during the summer after graduating and as some stuff goes on my car i just replace it with modded items. As long as you keep up to date with your car an rx7 should not be a big deal
Old 08-01-04, 06:59 PM
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Im working part time, Im going to school, and making my payments. I live at home and I wont be driving the FD.
Old 08-01-04, 07:13 PM
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Originally Posted by VFactor24
The car is under my parent's name for insurance so that's real cheap.
Let me guess... your rent is really cheap too because you still live with your parents.

Anyone bragging out one side of their mouth about buying their car for cash while mentioning in the same breath that they have to hide behind their parents to be able to afford the insurance is absolutely pathetic.
Old 08-01-04, 07:29 PM
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It was paid for while I was still in High School. This is my sixth summer of work, and 4th full time in a paint factory. I make good money (for a high school grad) and save my money to pay for repairs as the come. My first year of college the car stayed in storage while I was away because UCD has a policy of no parking passes for Freshmen and I lived on campus. My schooling is paid for, thanks to parents and the US Army, so, I can spend just about everything I make on cars, which I more or less do. I guess I'm not much help to you here since I just work all summer to pay for parts, repairs and maybe a second car, and I don't have to work during the school year, but, good luck anyway. I think it will be rather difficult to afford the car and keep up good grades (unless you're going to a really easy school, happen to be a brilliant student, or don't require sleep), so, maybe some student loans? A cheap daily driver so you can put off RX-7 repairs until the money is there? I don't know what would be best here, since selling your FD is just too painful to speak of. Josh
Old 08-01-04, 09:25 PM
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Originally Posted by jimlab

Anyone bragging out one side of their mouth about buying their car for cash while mentioning in the same breath that they have to hide behind their parents to be able to afford the insurance is absolutely pathetic.
Putting insurance under one's parents name is entirely logical. It saves a ton of money. If you are under 25 and drive a sports car, you will be charged an arm and a leg for insurance. Its just one way of saving a lot of money with no real downside to doing this. I dont see what insurance costs has to do with bragging rights.
Old 08-01-04, 10:29 PM
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Originally Posted by Rx-7Addict
Putting insurance under one's parents name is entirely logical. It saves a ton of money. If you are under 25 and drive a sports car, you will be charged an arm and a leg for insurance. Its just one way of saving a lot of money with no real downside to doing this. I dont see what insurance costs has to do with bragging rights.
Just based on your age, I'm not at all surprised that you don't.

Paying for your own car with cash when you support yourself is one thing. Paying for your own car with cash because you have no rent, utilities, or food expenses to worry about and/or are hiding behind your parents to make insurance affordable is something totally different. I have no respect whatsoever for someone bragging about how easy they've got it and putting other people down ("damn that sucks for you guys still making payments on ur cars.") when they're not fully supporting themselves.


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