Buy or dont buy? - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

kjd15 · 01-26-2010, 11:29 AM

If you plan on moving out in 2 years, after college, how are you going to pay your bills if you spend your savings on a car?

AnnaBear@SpartaChevy · 01-26-2010, 12:32 PM

Quote:

Originally Posted by XLethal 360

Hi im only 18 years old and im gonna blow all my money on a camaro

What would you guys do if you were 18 and you yourself, earned enough money to buy a 2010 camaro. But not the base ls one, just a nice 2LT with some extra options.

From a mother with an 18 year old son...

'Buy the car now and stay with Mom and Dad as long as you can. They LOVE having you home and since you're the youngest and your older brother already flew the coop, I want you to stay in the nest with me FOREVER!'.

If you don't want to be 'that kid'...save your money, move out on your own and get the car later

Anna

TommyTSquared · 01-26-2010, 12:43 PM

Quote:

Originally Posted by little_bank_robber

From a mother with an 18 year old son...

'Buy the car now and stay with Mom and Dad as long as you can. They LOVE having you home and since you're the youngest and your older brother already flew the coop, I want you to stay in the nest with me FOREVER!'.

If you don't want to be 'that kid'...save your money, move out on your own and get the car later

Anna

Oh lordy, don't even get me remembering my mom when she went through 'empty nest'. I'm the youngest so was the last to leave.

OP, you have PLENTY of time. Evaluate things for awhile (see: life) before you make your decision. If you choose to buy the car, don't blow everything on it. It's always good to have just-in-case money.

MrIcky · 01-26-2010, 12:51 PM

If I knew then what I know now and I had 30k? I'd buy a house in this market. Houses are so friggen cheap right now it's stupid. That is unless you want to move to another state when you graduate.

Silver Ice · 01-26-2010, 12:51 PM

I was 19 when at bought my first z28. No regrets but now that I am 44 I would say save your money.

BRKLYN · 01-26-2010, 12:52 PM

your gonna buy a Camaro. But the real problem is, can you buy the insurance.

springerpete · 01-26-2010, 01:04 PM

Quote:

Originally Posted by MrIcky

If I knew then what I know now and I had 30k? I'd buy a house in this market. Houses are so friggen cheap right now it's stupid. That is unless you want to move to another state when you graduate.

I agree with this answer but I would buy the house anyway. Live in it for 4 years and fix it up with the extra money. Rent the extra rooms out to other college students to help pay for the house and expenses. Use the extra rent to replenish your savings and get a head start on your future.

After you graduate buy yourself a new Camaro with all of the goodies available. Then you will be able to afford the one you really wanted.

If you get a girlfriend in the mean time, make her pay rent. Seriously.

TekkGuy · 01-26-2010, 01:05 PM

I look back, and I'll say if I was 18 now, I would be salivating to purchase the Camaro if I could. But, I also know that I've always been an over analyzer, practical and made sure that I didn't dig myself into a hole. This is an expensive car, and I know that even if I had the money to buy it outright, I would also have to think about insurance, maintenance, gas costs, and god forbid, if something happened that needed fixing (not under warranty kind of stuff).

Plus, at 18...I was still (relatively speaking) new to driving. I would never trust myself with such an expensive high HP RWD car on the road. Even with almost 2 years driving, I didn't have enough experience driving to feel comfortable driving such a car. If it were me, I would get a nice car, but something more practical. Especially if you are going to college. Other kids won't have expensive cars usually, they have ones that were hand me downs or such, and they will not be as respectful in parking lots. Flinging doors open, banging into your car. Or having kids coming out of class and finding them sitting on your car, or leaning against it, probably scratching it with whatever metal buttons or studs are on their jeans, etc. Not to mention, bad enough insurance would be really expensive at your age (assuming you are male), if you ever have to go through insurance for any reason, your rates will sky rocket.

Eventually the decision is yours of course. But like I said, I've always analysed decisions from all angels...and these are the things I think of. So for me, I would save the money in the bank, use only what I need to get a nice practical car, and even though I could buy it outright, I would finance at least some of it knowing I could easily pay it off. Because it will help build credit history under your name, which you have little to none at your age.

That's my $0.02... HTH

-Tekk

AnnaBear@SpartaChevy · 01-26-2010, 01:08 PM

Quote:

Originally Posted by TommyTSquared

Oh lordy, don't even get me remembering my mom when she went through 'empty nest'. I'm the youngest so was the last to leave.

OP, you have PLENTY of time. Evaluate things for awhile (see: life) before you make your decision. If you choose to buy the car, don't blow everything on it. It's always good to have just-in-case money.

LOL

I'm tellin' ya...this empty nest thing is for the BIRDS! hehehe

(I couldn't resist)

camaroMSUfan · 01-26-2010, 01:09 PM

Quote:

Originally Posted by BRKLYN

your gonna buy a Camaro. But the real problem is, can you buy the insurance.

very true...its all about making memories. Im 18 as well and if u can afford it and the insurance then go for it!!!

Rockies4 · 01-26-2010, 01:09 PM

Stay at home and finish college.

Save your money for when you need to move out for that career location.

Remember to also build up your resume at the same time by getting certificates of completion, so you can be competitive.

It's brutal out in the job market, so plan for the long run.

Rockies4

XLethal 360 · 01-26-2010, 01:12 PM

insurance is very affordable because it'll be rated under my mom, i have another older vehicle under my name

2010Camaro2LTRS · 01-26-2010, 01:18 PM

im 18 as well, i was goin to buy a 2010 camaro as well, i have enough but then i met a girl who i like very much and the second that happened, my camaro was no longer the most important thing in my life. Ill be getting my camaro as soon as college is over so i can get a 2ss rather than a 2lt which i was originally gonna get. I say wait because with things are going right now with this economy and things, something will come up and it could ruin the whole camaro experience for you. You could also buy a 4th gen and mod the crap outta it, exhaust/headers, stuff like that. Gotta love the sound of a loud v8 screaming down the street. I would no lol.

xBlackout_Camaro · 01-26-2010, 01:22 PM

A 1LT RS will do you much better than a 2LT, i'm 16 and it was an amazing choice. Theres no need to blow extra money on a regular 2LT, 1LT RS will be everything and more!

01-26-2010, 11:29 AM	#15
kjd15 Finally!! Drives: '10 2LT Summit white, '68 Camaro Join Date: Sep 2009 Location: Westchester, NY Posts: 1,075	If you plan on moving out in 2 years, after college, how are you going to pay your bills if you spend your savings on a car? __________________ -Karen SW 2LT Ordered 9/30/09 November 28, 2009 - Delivered!!!

01-26-2010, 01:05 PM	#22
TekkGuy Drives: 2010 Camaro 2LT/RS/A6/Sunroof Join Date: Dec 2009 Location: Long Island, NY Posts: 265 View My Garage	I look back, and I'll say if I was 18 now, I would be salivating to purchase the Camaro if I could. But, I also know that I've always been an over analyzer, practical and made sure that I didn't dig myself into a hole. This is an expensive car, and I know that even if I had the money to buy it outright, I would also have to think about insurance, maintenance, gas costs, and god forbid, if something happened that needed fixing (not under warranty kind of stuff). Plus, at 18...I was still (relatively speaking) new to driving. I would never trust myself with such an expensive high HP RWD car on the road. Even with almost 2 years driving, I didn't have enough experience driving to feel comfortable driving such a car. If it were me, I would get a nice car, but something more practical. Especially if you are going to college. Other kids won't have expensive cars usually, they have ones that were hand me downs or such, and they will not be as respectful in parking lots. Flinging doors open, banging into your car. Or having kids coming out of class and finding them sitting on your car, or leaning against it, probably scratching it with whatever metal buttons or studs are on their jeans, etc. Not to mention, bad enough insurance would be really expensive at your age (assuming you are male), if you ever have to go through insurance for any reason, your rates will sky rocket. Eventually the decision is yours of course. But like I said, I've always analysed decisions from all angels...and these are the things I think of. So for me, I would save the money in the bank, use only what I need to get a nice practical car, and even though I could buy it outright, I would finance at least some of it knowing I could easily pay it off. Because it will help build credit history under your name, which you have little to none at your age. That's my $0.02... HTH -Tekk __________________

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01-26-2010, 12:51 PM	#18
MrIcky Drives: Dodge Ram Megacab & Cobalt SS Join Date: Sep 2008 Location: Boise Posts: 1,536	If I knew then what I know now and I had 30k? I'd buy a house in this market. Houses are so friggen cheap right now it's stupid. That is unless you want to move to another state when you graduate.

01-26-2010, 12:51 PM	#19
Silver Ice Drives: 2010 Camaro 2ss-rs Join Date: Jan 2010 Location: RI Posts: 845 View My Garage	I was 19 when at bought my first z28. No regrets but now that I am 44 I would say save your money.

01-26-2010, 12:52 PM	#20
BRKLYN Account Suspended Drives: 98 C-5, Chev/Venture, VTX1300 Join Date: Dec 2009 Location: KISSIMMEE, FL Posts: 198	your gonna buy a Camaro. But the real problem is, can you buy the insurance.

01-26-2010, 01:09 PM	#25
Rockies4 Drives: PT Cruiser 02 Join Date: Jan 2009 Location: Santa Maria, California Posts: 791	Stay at home and finish college. Save your money for when you need to move out for that career location. Remember to also build up your resume at the same time by getting certificates of completion, so you can be competitive. It's brutal out in the job market, so plan for the long run. Rockies4

01-26-2010, 01:12 PM	#26
XLethal 360 2LT/RS Summit White Drives: 2010 SW 2LT/RS Join Date: Sep 2009 Location: Safford, AZ Posts: 112	insurance is very affordable because it'll be rated under my mom, i have another older vehicle under my name

01-26-2010, 01:18 PM	#27
2010Camaro2LTRS $4,000 To Go!!! Drives: 93 Z28 Join Date: May 2009 Location: Illinois Posts: 112 View My Garage	im 18 as well, i was goin to buy a 2010 camaro as well, i have enough but then i met a girl who i like very much and the second that happened, my camaro was no longer the most important thing in my life. Ill be getting my camaro as soon as college is over so i can get a 2ss rather than a 2lt which i was originally gonna get. I say wait because with things are going right now with this economy and things, something will come up and it could ruin the whole camaro experience for you. You could also buy a 4th gen and mod the crap outta it, exhaust/headers, stuff like that. Gotta love the sound of a loud v8 screaming down the street. I would no lol.

01-26-2010, 01:22 PM	#28
xBlackout_Camaro Drives: 2011 Camaro SS/RS Cyber Grey Join Date: Oct 2009 Location: Dallas, Texas Posts: 500	A 1LT RS will do you much better than a 2LT, i'm 16 and it was an amazing choice. Theres no need to blow extra money on a regular 2LT, 1LT RS will be everything and more!