"Doge_Supreme drives a BRZ" (doge-supreme)
05/21/2015 at 20:54 • Filed to: None
1
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"Doge_Supreme drives a BRZ" (doge-supreme)
05/21/2015 at 20:54 • Filed to: None | 1
| 23 |
So I’m in the process of selling my BRZ because I lost the job I was working at that let me pay for it when the company tanked about a year and a half ago. Any how I decided to go back to school and am half way through getting my degree in cyber security. I’ll be graduating in about a year with an 99.9% chance of having a fairly well paying job and I’ve already started the process of looking for my next car. Everyone in my family and my GF think I’m crazy to start looking for a new car even though I still have yet to graduate. So far the most I’ve done is set a budget and start a list of what I could potentially get. My budget is around $60,000.
The list so far is as follows:
Alfa Romeo 4c
Ford Mustang GT350
Acura NSX any between 1990-05
Ford Focus RS
Series 2 Lotus Exige
The car would be used both as a daily driver and the occasional track/auto-x day.
Anyhow am I crazy for starting my search this early?
Also any opinions on the list would be helpful and I’m open to suggestions for other cars as well.
sm70- why not Duesenberg?
> Doge_Supreme drives a BRZ
05/21/2015 at 20:58 |
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Starting your search? Not crazy, search early and often.
If you got something this early, that would be a bad idea.
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Doge_Supreme drives a BRZ
> sm70- why not Duesenberg?
05/21/2015 at 21:01 |
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Thats what I said. It took me a year and a half to decide on the BRZ between it a 500 Abarth and the ST’s.
Makara
> Doge_Supreme drives a BRZ
05/21/2015 at 21:04 |
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It is good to have goals. I bought my first viper at 23 and my second at 24. I didn’t buy a house until 25. If I were to do it all over again, I should have bought the house first. If I had, I would have been able to buy the same place and with the money saved by buying with two years of tax write offs from interest and getting in before real estate appreciation, I would have essentially gotten the first two vipers for free relative to buying the other way around.
Sam
> Doge_Supreme drives a BRZ
05/21/2015 at 21:05 |
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You can search early, so that you aren’t rushing to make a decision. I hope you’re going to be making some good cheddar (yeah, I called it that) to support one of these cars, though.
Tapas
> Doge_Supreme drives a BRZ
05/21/2015 at 21:14 |
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2013/14 Cayman S. If you look for used ones right now, the base ones without any options are around $65k. By the time you graduate, you’ll be able to find gently used, well optioned examples in that price range.
Also, M3!!!! 2013 and older....
MLGCarGuy
> Doge_Supreme drives a BRZ
05/21/2015 at 21:15 |
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Try an IS F, specifically the 2012s and up. They’re relatively comfortable for DD tasks, and have the chops to take on the occasional track day or auto-x.
And you’d be saving money, because most IS Fs are under 50k.
scoob
> Doge_Supreme drives a BRZ
05/21/2015 at 21:20 |
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!!! UNKNOWN CONTENT TYPE !!!
Keep this one stock or near stock as it will be your DD
Buy hardtop, convert to AWD, weld hardtop to body = mini WRX coupe
Shooting brake this one for Oppo
Sedan this one for hauling people around
Strip, cage, Hoosiers bro, trackday bro
Wagon this one, use diesel engine, paint brown, because Oppo
Insert rotary, because Oppo
Give this one to Underground Racing and tell them “Do whatever you want to it”
LS swap
Turn this one into a mini Japanese 911
Exocet
Exocet #2
Lift this one. Miata Monster Truck. You know you want to.
Limousine
Make this one FWD for the lols
Put this one AWN RIYUMZ
Save money, buy a crap one for parts
Parts car #2
Baeromez
> Doge_Supreme drives a BRZ
05/21/2015 at 21:24 |
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A challenger approaches.
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Doge_Supreme drives a BRZ
> Sam
05/21/2015 at 21:25 |
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Starting salary in the field is plenty enough to cover the the payments insurance and maintenance.
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Sam
> Doge_Supreme drives a BRZ
05/21/2015 at 21:27 |
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Just make sure you aren’t spending every spare penny on it. The technical term for that is “a really, really bad financial decision”. I typically follow the mantra of, if I couldn’t afford to pay cash for it in one year, I can’t finance it.
Textured Soy Protein
> Doge_Supreme drives a BRZ
05/21/2015 at 21:40 |
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I’m the director of career services at a tech college that has a cybersecurity degree.
You are severely misguided on your expectations of income right after graduation, unless you also have a bunch of experience you will be combining with your degree, and a CISSP certificate.
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Doge_Supreme drives a BRZ
> Textured Soy Protein
05/21/2015 at 21:59 |
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Everything I’ve found as well as what both instructors and advisers have stated is starting is around 75,000$ a year. I will have several certificates by the time I graduate as well as a decent amount of experience.
dr861
> Doge_Supreme drives a BRZ
05/21/2015 at 22:26 |
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There’s a GT350 on this list. How could you possibly consider anything else?
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Textured Soy Protein
> Doge_Supreme drives a BRZ
05/21/2015 at 22:37 |
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Well then, if you feel reasonably confident that you will get a job making $75k, then you are severely misguided in thinking that will allow you to afford a $60k car. Buying a $60k car when you make $75k a year is a terrible, terrible idea.
If you get a job making $75k, here are the things you should do before buying a $60k car:
Make more than $75k.
Here are things you should do if you get a job making $75k:
Set your 401k contributions for at least 10% of your paychecks.
Put enough money in savings to cover 6 months worth of living expenses.
Take additional money you’ve saved up and invest it in relatively low risk stuff like indexed ETFs.
Now, I like cars, and if you actually end up making $75k you can certainly find a fun car, but don’t think for a second you’re in the buying-a-$60k-car tax bracket.
ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)
> Textured Soy Protein
05/21/2015 at 22:58 |
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This.
Also might be a good idea just to keep the BRZ and get it paid off while he sets aside some retirement and savings.
McLarry
> Doge_Supreme drives a BRZ
05/21/2015 at 23:09 |
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Definitely not crazy to start shopping early...I like to think of myself as ‘perpetually in the market’. I’d be more concerned about the budget...graduating school (loans?) without a job yet, expecting to make (per your other comments) 75k, 60k is a lot to put toward a car. I’ve heard a lot of guidelines for salary:car ratios, but I think few would recommend buying a car worth 80% of your pre-tax income. Being an enthusiast I’m sure you’re willing to commit more of your monthly income to a car payment than the average joe, but you’re talking payments around 1k/mo, which sounds a lot more like rent to me. Obviously you’re under no obligation to listen to me, but you asked for suggestions: I’d recommend the ~30k range. Plenty to find there pretty similar to your list, like used 911’s, Shelby Mustangs, and Elise’s. Either way, happy hunting!
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Doge_Supreme drives a BRZ
> McLarry
05/22/2015 at 00:32 |
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I actually don’t have any loans to pay back, my parents started a college fund before I was born and I payed into it as well when I was working. I also will have a sizable down payment by the time of purchase of around 15-20 thousand by the time of purchase and my credit score is near perfect. I’ve been pretty good with finances for a long time. I probably should have mentioned the down payment in the original post. The most I’ll be taking out in loans is between 30-40 thousand which would put monthly payments around 500$-600$. I also don’t plan on paying more than MSRP or letter price if I can get it and will keep going to different dealerships until I get one that will play ball. That’s what I did with my Subaru and it worked out pretty well until the company I worked for tanked.
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McLarry
> Doge_Supreme drives a BRZ
05/22/2015 at 00:35 |
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Sounds like you’ve done your homework then, good on you. I’d still advise restraint, but as long as you know what you want and what you’re getting into, then more power to you!
blacktruck18
> Textured Soy Protein
05/22/2015 at 00:47 |
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Why do you have to crush dreams with your stupid reality?
Your totally right though.
philsphan09
> Doge_Supreme drives a BRZ
05/22/2015 at 08:20 |
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....You may want to work on your thinking skills if it took you that long to settle on a BRZ my friend.
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philsphan09
> Textured Soy Protein
05/22/2015 at 08:26 |
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Agree. I Mean at $75K you’re paying 25%Federal Plus 4% Oregon plus Social security...etc. This is before you have to pay health insurance, 401k (min 10%), plus as he said above you should invest in some stock. Short term pain, long term gain.
If you really want a fast car get a CPO in the 30-40k range. When I graduated i got a CPO 335Xi and couldn’t have been happier.
Galileo Humpkins (aka MC Clap Yo Handz)
> Doge_Supreme drives a BRZ
05/22/2015 at 13:49 |
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This one!
davesaddiction @ opposite-lock.com
> Doge_Supreme drives a BRZ
05/23/2015 at 11:34 |
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What Atlas said. I didn't buy a $40k car until I was making over 6 figures... (and my wife makes good money, too)
