Should I get a new car?

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Should I get a new car?

Postby andx » Fri Aug 06, 2010 8:23 am

Hello AA,

I have finished paying off my 04 mustang GT and it feels great, however I'm just not feeling that loving feeling anymore. I want to get into an evo or something AWD with 4 doors that isn't a wrx. My only issue is i'm graduating college (BFA in Visual Effects from SCAD) in june and I'm not sure if I want to be making car payments while hunting for a job as a Visual Effects guy for some studio. I have some $$ saved up, and I have a job when i'm down at school. Thoughts?

Thanks
Andy
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Re: Should I get a new car?

Postby Dianora » Fri Aug 06, 2010 3:00 pm

andx wrote:Hello AA,

I have finished paying off my 04 mustang GT and it feels great, however I'm just not feeling that loving feeling anymore. I want to get into an evo or something AWD with 4 doors that isn't a wrx. My only issue is i'm graduating college (BFA in Visual Effects from SCAD) in june and I'm not sure if I want to be making car payments while hunting for a job as a Visual Effects guy for some studio. I have some $$ saved up, and I have a job when i'm down at school. Thoughts?

Thanks
Andy


Lets change the question about it. What do you use your car for? Do you hate the car? Does it run? If your answer is basic trsnaportation, no and yes, keep the car (and that's even with an unlimited budget).

If you treat your car like an accessory, by all means, go ahead and get a new car that you'll probably need to change out in 5 years.
Last edited by Dianora on Sun Aug 08, 2010 11:47 am, edited 1 time in total.
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Re: Should I get a new car?

Postby Lightbeard » Fri Aug 06, 2010 6:18 pm

Ferrari or Bust. But in all seriousness if your car is in fine working condition and not too busted up I say keep it unless you really want to get rid of it.
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Re: Should I get a new car?

Postby Pizbit » Fri Aug 06, 2010 6:22 pm

Getting a non-essential loan out while your financial situation is uncertain is a little bit...Daft :)

Keep your current car for as long as it's worth keeping on the road.
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Re: Should I get a new car?

Postby Dorvan » Fri Aug 06, 2010 7:05 pm

Yep, keep your car. Save, then spend and you'll happier in the long run.

"Buy it now and hope the money to pay for it appears later" is a recipe for trouble.
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Re: Should I get a new car?

Postby Grehn|Skipjack » Fri Aug 06, 2010 7:46 pm

When you do buy a new car, get a Scion tC and then give it to me.
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Re: Should I get a new car?

Postby knaughty » Sat Aug 07, 2010 3:07 am

Sell your 2004 Mustang and buy a classic that costs whatever you get for it.
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Re: Should I get a new car?

Postby Fivelives » Sat Aug 07, 2010 10:33 pm

Making any kind of large purchase that's going to put you into debt while your finances are uncertain is a Bad Idea™.
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Re: Should I get a new car?

Postby Kelaan » Mon Aug 09, 2010 3:09 pm

andx wrote:I have finished paying off my 04 mustang GT and it feels great, however I'm just not feeling that loving feeling anymore.


You're out of (car) debt. You want to go through that all over again, just because you're bored of your current car? That seems to be a very financially foolish position. If you can buy a car with cash, and not feel the hurt, then go for it ... but saddling yourself with additional debt doesn't seem very wise.

For what it's worth, I finished off my car's loan about a year ago. A year of not having to pay $300/mo feels very nice. (In reality, I'm not really "saving" the money, in that it's just going to have to be spent later when I have to replace this car ... but it's ten years old and still running fine, and meets my transportation needs, so why would I do that?)
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Re: Should I get a new car?

Postby Dorvan » Mon Aug 09, 2010 3:25 pm

Kelaan wrote:In reality, I'm not really "saving" the money, in that it's just going to have to be spent later when I have to replace this car


Actually, you are realistically saving money. Sure, your *current* car is going to have to be replaced eventually regardless, but the total number of cars you buy over your lifetime has a lot to do with how long you keep each car (obviously).
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Re: Should I get a new car?

Postby Kelaan » Tue Aug 10, 2010 2:12 pm

Dorvan wrote:
Kelaan wrote:In reality, I'm not really "saving" the money, in that it's just going to have to be spent later when I have to replace this car

Actually, you are realistically saving money.


Well, true. I meant it simply that I prefer to see the money as "not yet spent", rather than "free to be spent on Whatever". In reality, I have the money for emergency purchases (fridge, dishwasher, and so forth), but have been still quietly transferring it from account A to account B. The only difference is that account B no longer sends the money to someone else to pay for a car. :D
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Re: Should I get a new car?

Postby aranil » Tue Aug 10, 2010 2:31 pm

Should so buy one of these
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Re: Should I get a new car?

Postby andx » Wed Aug 11, 2010 7:17 am

Well my whole car obsession will have to be put on hold. Got offered a job in NY for when i graduate. WIN.
Maybe I just have a disease or an addiction to tanking, my gf says I'm a masochist I say I like it rough, either way I'm a tank and I can't escape it.
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Re: Should I get a new car?

Postby Rachmaninoff » Wed Aug 11, 2010 8:26 am

andx wrote:Well my whole car obsession will have to be put on hold. Got offered a job in NY for when i graduate. WIN.


a job offer? before your out of college? in the economy? congrats
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Re: Should I get a new car?

Postby hoho » Wed Aug 11, 2010 9:09 am

Rachmaninoff wrote:a job offer? before your out of college? in the economy? congrats
Grats indeed.
It's not really that special I would dare to say, companies are always on the lookout for good people, the last two jobs were offered to me after someone showed them stuff I've done in some forums :P
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