Go for it. I bought a C5 in your situation. It was more expensive to run than a Miata, but less than two Miatas would have cost. It was a LOT of fun, especially at 170+ MPH on the public road.
Go for it. I bought a C5 in your situation. It was more expensive to run than a Miata, but less than two Miatas would have cost. It was a LOT of fun, especially at 170+ MPH on the public road.
It'll probably be a year or two anyway, but it'll give me something to look forward to.
OSULemon wrote:stuart in mn wrote: Check with your insurance agent before you buy. Depending on your age, premiums may be high and/or they won't even offer you a policy.I have. It's higher than the Miata, but no higher than any other sports cars such as the Mustang. I believe I was quoted around $130/mo.
My '13 GT was $84/month with full coverage through State Farm. At 30, married, own a home, multiple line discount, no accidents or tickets.
I'm in Tulsa.
Do it, if you’re really in the boat where all that other stuff is all set like you say, go on. Financial responsibility is great and all, but you only live once- if you don’t have a wife and kids to take care of, play with cars now- just keep saving toward that other stuff too. It gets a lot harder to justify car hobbies from a cost perspective when there are diapers and daycare as line items on the budget- or at least it did for me.
Even though you can pay cash for it I would recommend financing some of it. At your age you need to build credit, and a great way to do that is with a perfectly paid car loan. Borrow something like $5-7k, for three years, and set it to auto pay. This way, when you do go to buy a house 5 years down the road, your credit will help you do that.
Sonic wrote: Even though you can pay cash for it I would recommend financing some of it. At your age you need to build credit, and a great way to do that is with a perfectly paid car loan. Borrow something like $5-7k, for three years, and set it to auto pay. This way, when you do go to buy a house 5 years down the road, your credit will help you do that.
Great strategy this. To answer your original question:
Yes, it is financially irresponsible.
Don't let me stop you.
that is a great idea, Sonic.
While you may pay more than you need to, it helps you in the long run.
I was under the impression that a 10-13 year old car would be impossible to finance.
10-13 year old cars will be difficult to finance as an auto loan. You can take out a personal loan, but you'll pay a much higher interest rate than an auto loan.
As others have said, have some fun now as once you're married with children it's much harder to find the time and money to support a car habit.
It sounds like you've got a good head on your shoulders, keep up the good work financially, but don't forget to have fun, too!
OSULemon wrote: I was under the impression that a 10-13 year old car would be impossible to finance.
Just depends on the lender, value, mileage, etc.
And if you are going to put a chunk down and follow Sonic's advice, it shouldn't be too difficult at all.
you really have no choice in the matter, it must be done!
The wrote:
I do prefer the coupe roof over the FRC/Z06 roof. That's purty.
Life is a series of unfortunate events that ultimately lead to death.
Any thing you do to put some joy between you and the grave is a win. berkeley responsible. That is for grown-ups.
So...did you buy a corvette yet??
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