Dilmma! - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Navy Blue · 03-12-2008, 09:22 PM

i kinda need some advice, there's this dealership i found with a pretty nice camaro and i'd be totally and could buy it BUT! there's a dilemma i have to deal with, i'm making payments on my impala, it'll be atleast a year before i'm finished paying for it, but summer is around the corner and what better way than in a camaro :( so getting to the point here's my question

Should i buy the camaro, i like how it looks n all but i havent test drove it, but chances are its going to be great! Or.. do i pay my impala as fast as humanly possible and save for a 5th gen? or just pay my impala reguardless? i'm sure i can handle 2 insurances and the car notes, but...is it worth it? i'd have to do alot of number crunching and maybe work a little O/T, but i really like the car...

personally i've been told at work, "pay the impala" and "save for u'r new camaro not a used one" but its so sexy! so i want u'r guy's and ladies's imput

thx

*GTAHVIT* · 03-12-2008, 09:31 PM

Pay off impala, buy 5th Gen Camaro...

NOODLESgoneWILD · 03-12-2008, 09:39 PM

Quote:

Originally Posted by gtahvit

Pay off impala, buy 5th Gen Camaro...

+1^^^^

Be patient my young grasshopper!

stovt001 · 03-12-2008, 09:40 PM

Good things come to those who wait.

*Mindz* · 03-12-2008, 09:44 PM

Raven · 03-12-2008, 09:47 PM

Tell us a little about this Camaro on the lot if you want an honest opinion. By you not even telling the color, I think you know your answer :p

It really depends on what you want. Having multiple cars is soooooo worth it so I'm tempted to tell you to hold out, but I know how tempting a shiney new Camaro sitting there staring at you can be. We have the collection to prove that

*Mr. Wyndham* · 03-12-2008, 10:08 PM

As nice as the 4thgens are, I'd tell you to stick with the Impala for now, and hang on for another few months. The 5th gen is just around the corner. You know you won't be sorry with that purchase.

Sterling · 03-12-2008, 10:28 PM

I agree... stick with the Impala for now. That 5th Gen will be here before you know it... and it will be worth the wait!

*DGthe3* · 03-13-2008, 12:27 AM

Buying a camaro now will make it harder to afford a new camaro next year. so if you think it may be possible somehow to maybe afford it all, you probably can't. If you have the money just sitting around its a different story.

*TAG UR IT* · 03-13-2008, 02:15 AM

I know how tempting it can be....but really...you have less than a year before the 5th Gen is on dealer lots.

Pay off the Impala. If the dealers around you hike up the price on the 5th Gen you want, hold off a couple more months (saving money anyway since your Impala is paid off) and put down a nice downpayment on the shiny new 5th Gen a short while later. I realized a while ago that I MUST have the wifes Kia paid off in order to get my 5th Gen (can't afford two car notes).

Oh...and don't EVER put yourself into a situation where you MUST have the OT in order to afford something....NEVER. Work the OT now and either bank that money for the new car, or make payments to the principal of your Impala loan (save a couple bucks in the long run on those payments!)....pay it off sooner so you can start saving earlier.

NOODLESgoneWILD · 03-13-2008, 02:28 AM

[

Quote:

Originally Posted by TAG UR IT

Oh...and don't EVER put yourself into a situation where you MUST have the OT in order to afford something....NEVER. Work the OT now and either bank that money for the new car, or make payments to the principal of your Impala loan (save a couple bucks in the long run on those payments!)....pay it off sooner so you can start saving earlier.

Tag your a smart man! My wife and i started a policy 10 years ago to never pay for anything with credit (except the house) cash only. And never buy a car new but at least 2 to 3 years old...Let me tell you, it was the very best thing we've ever done in our life’s.

We have Zero bills (except house stuff/gas/elect...ect)
We paid the house off. paid cash for our last two car (we drove the two previous cars into the grave to do this) 2006 H2 (mine) and 2003 covert VW Bug (wife).

You might think we have no kids...well let me tell you we have 4...I’m not trying to brag...but when you buy with credit...your just giving the bank about 30% more than your getting...and that adds up.

Yes I work overtime...but the overtime goes into the savings account and we budget the base salary.

If i can stress enough the importance to stay any from the extra debit...I know I want the first Camaro on the block and it might be the first new car I've bought in 15 years...but it'll be worth it!

So now I'll get off my soap box...but if you can do it...you'll never be happier.

stovt001 · 03-13-2008, 03:07 AM

Quote:

Originally Posted by NOODLESgoneWILD

[

Tag your a smart man! My wife and i started a policy 10 years ago to never pay for anything with credit (except the house) cash only. And never buy a car new but at least 2 to 3 years old...Let me tell you, it was the very best thing we've ever done in our life’s.

We have Zero bills (except house stuff/gas/elect...ect)
We paid the house off. paid cash for our last two car (we drove the two previous cars into the grave to do this) 2006 H2 (mine) and 2003 covert VW Bug (wife).

You might think we have no kids...well let me tell you we have 4...I’m not trying to brag...but when you buy with credit...your just giving the bank about 30% more than your getting...and that adds up.

Yes I work overtime...but the overtime goes into the savings account and we budget the base salary.

If i can stress enough the importance to stay any from the extra debit...I know I want the first Camaro on the block and it might be the first new car I've bought in 15 years...but it'll be worth it!

So now I'll get off my soap box...but if you can do it...you'll never be happier.

I've been saying the same thing all along. Unfortunately I'll be taking on an insane amount of debt in 2 months time (almost none of it mine) and my formerly positive net worth that I was so proud of will go straight into "better off dead" territory. Debt is a horrible, horrible thing. Because of it, I won't be getting a new Camaro. When I found out about what I was taking on tonight, I watched that dream shatter into a million pieces. Avoid it all at costs. Have fun with your Camaros. I sure envy you all.

*GTAHVIT* · 03-13-2008, 07:07 AM

Quote:

Originally Posted by NOODLESgoneWILD

[

Tag your a smart man! My wife and i started a policy 10 years ago to never pay for anything with credit (except the house) cash only. And never buy a car new but at least 2 to 3 years old...Let me tell you, it was the very best thing we've ever done in our life’s.

We have Zero bills (except house stuff/gas/elect...ect)
We paid the house off. paid cash for our last two car (we drove the two previous cars into the grave to do this) 2006 H2 (mine) and 2003 covert VW Bug (wife).

You might think we have no kids...well let me tell you we have 4...I’m not trying to brag...but when you buy with credit...your just giving the bank about 30% more than your getting...and that adds up.

Yes I work overtime...but the overtime goes into the savings account and we budget the base salary.

If i can stress enough the importance to stay any from the extra debit...I know I want the first Camaro on the block and it might be the first new car I've bought in 15 years...but it'll be worth it!

So now I'll get off my soap box...but if you can do it...you'll never be happier.

I'm so jealous. We are about 1 year into a similar plan. I can't wait to get there... Good for you!

NOODLESgoneWILD · 03-13-2008, 05:05 PM

Quote:

Originally Posted by stovt001

I've been saying the same thing all along. Unfortunately I'll be taking on an insane amount of debt in 2 months time (almost none of it mine) and my formerly positive net worth that I was so proud of will go straight into "better off dead" territory. Debt is a horrible, horrible thing. Because of it, I won't be getting a new Camaro. When I found out about what I was taking on tonight, I watched that dream shatter into a million pieces. Avoid it all at costs. Have fun with your Camaros. I sure envy you all.

Im sorry to hear that, but you sound like you know whats up...and Im sure the debit your taking on is worth it.

Sounds like to me your getting married, and yes that can bring on more debit than a single man is used to.

I wish you best of luck, and just keep the faith...and if you follow the guide lines of "Rich Man, Poor Man" You'll get the Camaro you want someday.

Just wait about 2 to 3 years and you'll be able to pick up a camaro (hopefully a "SS") from someone who' couldn't afford it and you'll save 10k to 15k or more. that has been my game plan for some years now...and it works well.

Just as an example, we baught my H2 last month...its a 2006, had 16k miles on it, its the Luxury model with all the EXTRA'S (jumpseat, ect.) And it looks like its brand new...We paid 38,250 cash from a dealership (Ebay) which buys at auction and sells at great prices. When we got all the orignal paper work, it sold new in June 2006 for 58k and some change (so 1 1/2 later) We saved 20k + using the "Rich Man, Poor Man" buying method. Its been a live saver for us.

03-12-2008, 09:22 PM	#1
Navy Blue Future Camaro Owner Drives: 2001 Chevy Impala Join Date: Aug 2007 Location: Whiting IN Posts: 258	Dilmma! i kinda need some advice, there's this dealership i found with a pretty nice camaro and i'd be totally and could buy it BUT! there's a dilemma i have to deal with, i'm making payments on my impala, it'll be atleast a year before i'm finished paying for it, but summer is around the corner and what better way than in a camaro :( so getting to the point here's my question Should i buy the camaro, i like how it looks n all but i havent test drove it, but chances are its going to be great! Or.. do i pay my impala as fast as humanly possible and save for a 5th gen? or just pay my impala reguardless? i'm sure i can handle 2 insurances and the car notes, but...is it worth it? i'd have to do alot of number crunching and maybe work a little O/T, but i really like the car... personally i've been told at work, "pay the impala" and "save for u'r new camaro not a used one" but its so sexy! so i want u'r guy's and ladies's imput thx

03-12-2008, 09:31 PM	#2
GTAHVIT Blessed Drives: 2013 Sonic RS MT Join Date: Dec 2007 Location: Saint Augustine FL Posts: 28,444 View My Garage	Pay off impala, buy 5th Gen Camaro... __________________ Click image to see build thread. PQ - "the love of cars. It's a boys first step toward manhood and a mans last hold on boyhood." Fbodfather - "We do not want to use the Z28 moniker on a car that does not deserve this hallowed name." The_Blur - "Let's not confuse competitors with equals."

03-12-2008, 09:44 PM	#5
Mindz E.B.A.H. Drives: you wild... Join Date: Mar 2007 Location: In the happy padded room wearing a jacket that makes me hug myself... Posts: 18,421	__________________ Blue Rush, 2010 SS [Car of the Week 3/22/2010] Traded in on...ZLZBUBB, 2013 ZL1

03-12-2008, 09:47 PM	#6
Raven Drives: 2001 Z28 Join Date: Feb 2007 Location: Just South of Austin, TX Posts: 303	Tell us a little about this Camaro on the lot if you want an honest opinion. By you not even telling the color, I think you know your answer :p It really depends on what you want. Having multiple cars is soooooo worth it so I'm tempted to tell you to hold out, but I know how tempting a shiney new Camaro sitting there staring at you can be. We have the collection to prove that __________________ 2012 45th Anniversary Edition Camaro SS - "Orion" 2001 NBP Z28 - "Raven" -- 2006 Black Tahoe - "Zeus" 2009 Stryker Blue Metallic G8 GT - "Stryker"

03-12-2008, 10:08 PM	#7
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,876 View My Garage	As nice as the 4thgens are, I'd tell you to stick with the Impala for now, and hang on for another few months. The 5th gen is just around the corner. You know you won't be sorry with that purchase. __________________ *"Keep the faith."* - Fbodfather

03-12-2008, 09:40 PM	#4
stovt001 Drives: 2006 Cobalt, 2004 Taurus wagon Join Date: Oct 2007 Location: California Posts: 3,812	Good things come to those who wait.

03-12-2008, 10:28 PM	#8
Sterling Drives: 2010 Camaro 1LT/RS M6 Join Date: Nov 2007 Location: Fairhaven, MA Posts: 5,885 View My Garage	I agree... stick with the Impala for now. That 5th Gen will be here before you know it... and it will be worth the wait!

03-13-2008, 12:27 AM	#9
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,372	Buying a camaro now will make it harder to afford a new camaro next year. so if you think it may be possible somehow to maybe afford it all, you probably can't. If you have the money just sitting around its a different story. __________________ Note, if I've gotten any facts wrong in the above, just ignore any points I made with them __________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!! __________________ Camaro Fest sub-forum

03-13-2008, 02:15 AM	#10
TAG UR IT www.Camaro5store.com Drives: 2014 ZL1 #705 Join Date: Jul 2006 Location: SA, Texas Posts: 26,558 View My Garage	I know how tempting it can be....but really...you have less than a year before the 5th Gen is on dealer lots. Pay off the Impala. If the dealers around you hike up the price on the 5th Gen you want, hold off a couple more months (saving money anyway since your Impala is paid off) and put down a nice downpayment on the shiny new 5th Gen a short while later. I realized a while ago that I MUST have the wifes Kia paid off in order to get my 5th Gen (can't afford two car notes). Oh...and don't EVER put yourself into a situation where you MUST have the OT in order to afford something....NEVER. Work the OT now and either bank that money for the new car, or make payments to the principal of your Impala loan (save a couple bucks in the long run on those payments!)....pay it off sooner so you can start saving earlier.