Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n | ![Reply](https://www.revscene.net/styles/darklight/images/buttons/reply.gif) | |
02-03-2013, 02:33 PM
|
#26 | I contribute to threads in the offtopic forum
Join Date: Dec 2003 Location: Van
Posts: 2,535
Thanked 971 Times in 337 Posts
Failed 41 Times in 16 Posts
|
Sell your civic, buy an used car (S2K)
All the fun you will have for a young graduate.
|
| |
02-03-2013, 02:38 PM
|
#27 | #deephouse
Join Date: Mar 2010 Location: Vancouver
Posts: 4,194
Thanked 4,704 Times in 1,243 Posts
Failed 469 Times in 123 Posts
|
A real car.
__________________ /// x AMG |
| |
02-03-2013, 02:45 PM
|
#28 | I contribute to threads in the offtopic forum
Join Date: Nov 2001 Location: Vancouver
Posts: 2,746
Thanked 70 Times in 17 Posts
Failed 3 Times in 2 Posts
|
i concur with most of the other people in this thread in that your car is still quite new and plenty decent, so you should try to hold off until you become more financially set in your path.
I drove a car with over 300k on the odo until I graduated, and even then, I held off for another year before buying a new one. Making car payments or any payments for that matter sucks unless you have to. If you get new, look for something with zero percent financing so it won't make it as crappy of a deal. Of course you could use the same budget and buy a better value used car outright if you had the cash lying around... which you will if you don't jump into the hole now
|
| |
02-03-2013, 02:51 PM
|
#29 | #savethemanuals
Join Date: May 2008 Location: Richmond
Posts: 3,980
Thanked 2,551 Times in 950 Posts
Failed 106 Times in 40 Posts
| Quote:
Originally Posted by Bender Unit Sell your civic, buy an used car (S2K)
All the fun you will have for a young graduate. | This is what I did a couple years ago. Traded in my civic and added a couple grand cash to get an s2k. That was more than enough car for me back then and I didn't need to go into debt.
|
| |
02-03-2013, 03:10 PM
|
#30 | 14 dolla balla aint got nothing on me!
Join Date: Oct 2009 Location: ricemond
Posts: 682
Thanked 717 Times in 160 Posts
Failed 194 Times in 36 Posts
| Quote:
Originally Posted by Drow since the general consensus here is to stay away from car debt.. | It really depends on you man
I financed a car when I was 19 years old. I was in the same boat as you; I lived at home so I didn't have a cost of living and my parents paid for my schooling. I calculated all my costs carefully to see if I can afford an e46 m3. I put more than half down for a initial payment. I financed $8k over 2 years. I paid everything back just a couple of months ago. I had no problems paying it back and don't regret financing a car at all.
If you're looking to finance something new and looking to take out a loan of $20k+ being in the early 20s that's probably going to be a problem. If it's something small <$10k and you calculated your costs correctly, I'd say go for it!
__________________ '99 SH Prelude - Sold Nov 2009 '02 E46 M3 - Bought Feb 2011
'18 BLACK TLX A SPEC - Daily Driver |
| |
02-03-2013, 03:11 PM
|
#31 | "Entertainment" mod.
Join Date: Feb 2009 Location: Surrey, BC
Posts: 5,113
Thanked 3,428 Times in 1,049 Posts
Failed 161 Times in 60 Posts
|
I'm 20 and chose to live at home for now, but chose to finance a new car as my family was getting tired of being stuffed into old, small used cars. I am tied down with an 84 month 0% interest term, but I budget aggressively enough that I still have money saved for moving out when I get pay raises as I go through trades training. And at the very least, it's building a credit rating.
It depends on OP's needs, whether they want to move out right away, or stick it out at home for a couple years, and drive something fun.
__________________
Borokusowagen.
|
| |
02-03-2013, 03:27 PM
|
#32 | NEWBIE ACCOUNT!
Join Date: Aug 2012 Location: Vancouver
Posts: 24
Thanked 15 Times in 3 Posts
Failed 0 Times in 0 Posts
|
Put it in rrsp/tfsa and save up for real estate
It's hard enough to buy in lower mainland as a young professional Posted via RS Mobile |
| |
02-03-2013, 04:14 PM
|
#33 | I contribute to threads in the offtopic forum
Join Date: Jul 2012 Location: Vancouver
Posts: 2,915
Thanked 4,452 Times in 1,028 Posts
Failed 263 Times in 82 Posts
|
Save up and get the car in a few years at a fraction of the price? |
| |
02-03-2013, 04:36 PM
|
#34 | RS.net, where our google ads make absolutely no sense!
Join Date: Sep 2009 Location: North Van
Posts: 911
Thanked 951 Times in 145 Posts
Failed 384 Times in 49 Posts
|
My situation is quite similar to yours.
Graduated 6 months ago debt free cuz of parents and I always wanted to get a car (Working fulltime now and making a decent salary). I got to use my parents car during my university life (parents live in HK). I used that time to save up as much as I can while working PT with odd jobs here and there. Parents decide to retire when I graduated and move to Van permanently so I had to return the car to them. With the money saved during school I bought a used car (one payment) and now i'm putting everything I earn in a TFSA, RRSP/ other savings so I can pay for my parents next vacation. I will probably still live at home for another 2 years and once I can afford the downpayment i'd be outta here.
Don't buy a new car as its really not the best option for you yet.
|
| |
02-03-2013, 04:50 PM
|
#35 | Rs has made me the woman i am today!
Join Date: Mar 2012
Posts: 4,368
Thanked 5,225 Times in 1,389 Posts
Failed 376 Times in 130 Posts
|
lol seriously, I'd be more than satisfied with an '08 Civic Coupe |
| |
02-03-2013, 06:12 PM
|
#36 | Revscene.net has a homepage?!
Join Date: Jun 2004 Location: Vancouver
Posts: 1,206
Thanked 188 Times in 83 Posts
Failed 148 Times in 32 Posts
|
it sounds like you have a decent car to start with, why be in debt when you don't have to be?
unless of course you get into a collision, ur ride is stolen or car starting to break down then makes sense to get a new ride
but i don't suggest you get a new car cuz once you drive it off the lot, you will lose at least30% depreciation
|
| |
02-03-2013, 07:39 PM
|
#37 | The Brown Reason
Join Date: Jan 2007 Location: Whalley
Posts: 4,607
Thanked 5,863 Times in 1,525 Posts
Failed 221 Times in 97 Posts
|
bro ur doing it wrong
spend 70% on the car, 15% on clothes and 15% on food.
then, spend all your free time in gastown and in the summer drive down robson revving at the hunnies
if anyone else tells you otherwise, THEY'RE DOING IT WRONG.
__________________ Quote:
Originally Posted by bcrdukes fuck this shit, i'm out | |
| |
02-03-2013, 08:14 PM
|
#38 | Rs has made me the woman i am today!
Join Date: Sep 2006 Location: Vancouver
Posts: 4,156
Thanked 1,345 Times in 589 Posts
Failed 149 Times in 56 Posts
|
Being in debt feels like you are working for free everyday ![Bad Poker Face](images/smilies/badpokerface.png) . As mentioned as some of you guys from above, don't live beyond your means, stick to what you can afford or handle. Who knows what will happen next.
If it makes you feel any better, I have been driving my parents Honda Civic for the past 10 years ![fuckyea](images/smilies/fuckyea.jpg) since I started post-secondary when I was 17. I've finally settled into a good paying career after working and moving up for some time, so I ordered a new car that should arrive sometime this month.
|
| |
02-03-2013, 08:21 PM
|
#39 | Everyone wants a piece of R S...
Join Date: Oct 2012 Location: vancouver
Posts: 375
Thanked 53 Times in 26 Posts
Failed 92 Times in 17 Posts
|
Depends what you want eh. My parents taught me to enjoy enjoy life so what they supported me with the benz and BMW. I think I put close to 90% of my income on cars...... Just don't regret Posted via RS Mobile |
| |
02-03-2013, 08:35 PM
|
#40 | OMGWTFBBQ is a common word I say everyday
Join Date: Apr 2001
Posts: 5,003
Thanked 2,489 Times in 1,139 Posts
Failed 79 Times in 53 Posts
|
I drove a 92 Integra for 10 years - 6 of which were after I finished university. It wasn't until 2010 that I finally bought another car - a beater at that.
But, I do understand where the need to drive a new car comes from. You're young, you feel as if you're on top of the world, and your friends are buying stuff left and right. Quite frankly, you won't own any decent property in Vancouver unless you manage to save about 100-150K (25% down on a 2-bedroom condo or townhouse in the suburbs), so owning a car may be the only real asset you feel you'll ever own.
|
| |
02-03-2013, 08:56 PM
|
#41 | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,134
Thanked 2,068 Times in 866 Posts
Failed 642 Times in 183 Posts
|
you are in a similar position I was in except I bought my own first car. I knew I wanted a new car after post secondary so I saved up and along the way applied for a line of credit at my bank. The day came I had 8k saved up. Car cost me 15k. I financed 6k @ 4% through the line of credit. Made monthly payments of $400 + whatever interest was and paid it off in 1.5yrs.
__________________ Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk.. "Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt |
| |
02-03-2013, 08:58 PM
|
#42 | I contribute to threads in the offtopic forum
Join Date: Oct 2008 Location: Van604
Posts: 2,869
Thanked 2,225 Times in 609 Posts
Failed 98 Times in 40 Posts
|
90% of income on cars..... To each his own to each his own...
Like a lot of others have said, if you really want a new car OP... Maybe sell your civic and get a slightly older car for the same amount of money....
But I don't think financing a car is stupid, if anything it builds your credit... Just pick the times where dealerships are doing promotions....
One thing that is stupid is to finance a used car though so stay away from that
This is my personal choice in the next bit, not saying its right or wrong since everyone has diff priorities but you know for me... I am out of school right now and working full time... I wouldn't say I am making lots but then its not min wage...I live at my wife's house... and and thank god her family is somewhat well off, what a blessing haha. So we don't get rent but pay for the utilities, phone, cable, internet, property tax etc etc...
I drive a 5MT 90hp tin can everyday....which is worth maybe 1500? If not less lol
But it was exactly what I wanted, heat in the winter, AC in the summer, MT, LSD, RWD... For fucks sake Ive stick with my factory 15" tires to cheapo my way thru... But hey the car is great on gas, won't get me into trouble with the cops and maintenance is dirt cheap!
So just think it thru, do talk to your parents and maybe we will get to see your new ride in the summer meet!
__________________ Proud member of GRAPE Great Revscene Action Photographers Enthusiasts
AE101 Rolla 96' //Sold
RPS13 240SX 90' //STOLEN
RMS13 240SX 91' //Scrapped
RHS13 240SX 90' //Scrapped
S35 Rogue 12' //Gifted to Parents
GD 6MT Elantra 13' //Sold
CZ4A 5MT GSR Evo 08' // Totalled
Ioniq DCT 19' //Traded in
NA MX-5 5MT 97' // Sold
Prius Prime 21' //Traded in
Tesla Model 3 RWD DD
GSX-R 600 K5' Mental Therapy
Prius Prime 24' New Kids Carrier
|
| |
02-03-2013, 10:09 PM
|
#43 | I answer every Emotion with an emoticon
Join Date: Apr 2005 Location: Vancouver
Posts: 7,760
Thanked 375 Times in 181 Posts
Failed 159 Times in 63 Posts
|
I don't think it's a good idea to keep suggesting op to put it in RRSP. He's a new graduate and I highly doubly his income is very high. Plus all the credit he got from his tuition, putting extra money in RRSP is not wise. TFSA is better at this stage.
On topic: I agree that you should stay out of debt. Put on a set if new wheels or a jdm body kit and u'll love ur car once again. Posted via RS Mobile |
| |
02-03-2013, 10:48 PM
|
#44 | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Nov 2006 Location: vancouver
Posts: 3,514
Thanked 1,430 Times in 485 Posts
Failed 243 Times in 94 Posts
|
just boost it and call it a day
|
| |
02-04-2013, 12:05 AM
|
#45 | look at these diamonds, they shining
Join Date: Apr 2008 Location: Vancouver
Posts: 2,800
Thanked 1,813 Times in 553 Posts
Failed 634 Times in 127 Posts
| Quote:
Originally Posted by Tapioca But, I do understand where the need to drive a new car comes from. You're young, you feel as if you're on top of the world, and your friends are buying stuff left and right. Quite frankly, you won't own any decent property in Vancouver unless you manage to save about 100-150K (25% down on a 2-bedroom condo or townhouse in the suburbs), so owning a car may be the only real asset you feel you'll ever own. | |
| |
02-04-2013, 07:22 AM
|
#46 | Banned By Establishment
Join Date: Feb 2012 Location: Canada
Posts: 303
Thanked 939 Times in 124 Posts
Failed 673 Times in 120 Posts
|
you should do a 8 year lease on a mercedes.
|
| |
02-04-2013, 07:44 AM
|
#47 | Rs has made me the man i am today!
Join Date: Aug 2002 Location: 604
Posts: 3,023
Thanked 688 Times in 190 Posts
Failed 22 Times in 10 Posts
|
Save your money. I was in your spot a while ago and one day a lightbulb went off and I figured I need to move out. Luckily I had enough for a down payment for a condo.
|
| |
02-04-2013, 10:03 AM
|
#48 | Revscene.net has a homepage?!
Join Date: Feb 2012 Location: Richmond
Posts: 1,287
Thanked 2,093 Times in 452 Posts
Failed 75 Times in 29 Posts
|
I'm 21 and I drive an STI.
lease -> own is my plan.
90% of my income goes straight to the car for monthly/insurance and to buy shit for it, I regret nothing.
|
| |
02-04-2013, 10:29 AM
|
#49 | Rs has made me the man i am today!
Join Date: Aug 2002 Location: 604
Posts: 3,023
Thanked 688 Times in 190 Posts
Failed 22 Times in 10 Posts
| Quote:
Originally Posted by belaud I'm 21 and I drive an STI.
lease -> own is my plan.
90% of my income goes straight to the car for monthly/insurance and to buy shit for it, I regret nothing. | do u pay rent?
|
| |
02-04-2013, 10:33 AM
|
#50 | RS.net, where our google ads make absolutely no sense!
Join Date: Sep 2008 Location: Rmd
Posts: 924
Thanked 435 Times in 194 Posts
Failed 16 Times in 13 Posts
| Quote:
Originally Posted by belaud I'm 21 and I drive an STI.
lease -> own is my plan.
90% of my income goes straight to the car for monthly/insurance and to buy shit for it, I regret nothing. | Wow. If I only I didn't have a mortgage...
Although, a small part of me wishes I could do the same!
|
| | ![Reply](https://www.revscene.net/styles/darklight/images/buttons/reply.gif) | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT -8. The time now is 04:12 PM. |