06-15-2013, 11:26 PM | #85 |
Account Suspended
Drives: 2011 Camaro VR 2SS/RS & Impala Join Date: Apr 2013
Location: Riverside,ca
Posts: 5,342
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Get what you want. life is to short. Tomorrow isn't promise ,so live for the moment. Gas wouldn't stop a smile on my face.
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06-16-2013, 01:00 AM | #86 |
Davenport Stage 5+
Drives: Camaro ZL1 & C7 Corvette 3LT Z51 Join Date: May 2012
Location: Alberta, Canada
Posts: 471
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personally I wouldn't have bought my ZL1 if I though for a minute I'd be hard pressed to make the payments....this is the kind of car you buy knowing you can afford making the payments and putting gas in it....god knows it guzzles the gas. I sure do miss the $1000/mth in the winter months but coming summer its all worth it...but if I couldn't afford it...the car would be brought back to the dealer in a heartbeat... thats just me.
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06-16-2013, 01:06 AM | #87 |
Drives: 2013 2LT Victory Red LFX Join Date: Jun 2011
Location: Hollywood, CA
Posts: 640
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Need to be careful when deciding on the car you get, its a commitment of money both up front and for years on end. For me, this is the first car that I've really been taking care of purely out of my own money and its been a lesson on putting money aside per check to make sure I can afford it. But I simply could not imagine driving another car, its one of the best things I own and plan on keeping it for a long time.
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06-16-2013, 01:09 AM | #88 | |
Drives: '13 2SS RS 1LE ; '85 Landcruiser Join Date: Mar 2013
Location: NorCal
Posts: 75
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Quote:
As far as the thread topic, I am thankful my father talked me out of purchasing a car I could barely afford right out of college. I ended up hating my first career after 2 years and it was nice being able to go back to school with no debt. |
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06-16-2013, 01:09 AM | #89 |
SoCal Mayhem
Drives: 2010 Camaro 1SS/RS Join Date: Aug 2008
Location: Foothill Ranch, CA
Posts: 5,488
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Get an LS
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06-16-2013, 01:36 AM | #90 | |
Drives: . Join Date: Jan 2013
Location: Southern California
Posts: 467
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Quote:
Here are some rough estimates. SS: 15,000 miles per year/20 mpg * $4.20/gallon = $3150 LT: 15,000 miles per year/23 mpg * $4.00/gallon = $2608. Savings: $542 per year. You can plug in your own figures, but you get the idea. You also have to consider, the higher the cost of the car, the more depreciation you'll have. Kelley Blue Book estimates, the Camaro will lose 43% of its value in three years. Again, using rough estimates: SS: $35,000 * .43 = $15,050 LT: $25,000 * .43 = $10,750 Savings: $4300 / 3 Years = $1433 per year Again, you can plug in more exact figures. Insurance and sales tax increase with car value, too, as well as, license fees in many states. An LS would be even less. If you are looking to save money, but have a fun car that will turn heads and performs well, an LS is a bargain! Michael |
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06-16-2013, 06:29 AM | #91 | |
Drives: 2012 camaro Join Date: Feb 2012
Location: central VA
Posts: 3,196
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Quote:
at this point, it isn't even worth it. your just making up numbers that are so far from reality it's scary. again, have fun buying property for other people. I'm sure they appreciate it. I will enjoy the 150k I would have in my pocket if I sold tomorrow, and the 350k it will be worth when paid off. you enjoy you camaro (if it's still running 15 yrs from now), and paying rent till the day you die. I will definitely enjoy not having to pay anyone for a place to live in 12 years when I'm only 51 yrs old. I'll probably go buy a vett or something and just so you know, I have not put anywhere near 400k into my home. I have no idea where you came up with that number, but your about 250k off. at most I've spent about 180k. which is probably less than 18 years of renting. you seem to forget, I locked in the payment in 1994. I'm paying 1994 prices. my mortgage doesn't go up every year like your rent. Last edited by jd10013; 06-16-2013 at 09:24 AM. |
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06-16-2013, 12:25 PM | #92 | |
Drives: . Join Date: Jan 2013
Location: Southern California
Posts: 467
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Quote:
Michael |
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06-16-2013, 12:28 PM | #93 |
Drives: 2010 Camaro 1LS 3.6 LLT V6 325 HP Join Date: May 2009
Location: LS
Posts: 4,242
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My car is an LS, fits the bill of exactly what I wanted for 4 yrs now.
No regrets and enjoy this car every day.
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2010 Camaro Auto, Inferno Orange, Titanium Interior, Gearhead Wheels AIRAID CAI
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06-16-2013, 12:29 PM | #94 | |
Drives: 2012 camaro Join Date: Feb 2012
Location: central VA
Posts: 3,196
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Quote:
the point is, we're both spending about the same amount of money to live. the renter is just paying for someone else's home, while the buyer is paying for his own. I'm not saying buying is for everyone, it certainly isn't. the idea that it was is what got us into the mess we're just now crawling out of. but it always makes more financial sense then renting, and contrary to what he was saying, is far from a "scam". |
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06-16-2013, 12:35 PM | #95 | |
Drives: . Join Date: Jan 2013
Location: Southern California
Posts: 467
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Quote:
Neither way is a scam. It's risk vs. return. The decision can also depend on market conditions, and tax rates. Michael |
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06-16-2013, 01:04 PM | #96 | |
Drives: 45th SS, '12 ducati 1199 on order Join Date: Mar 2012
Location: DFW
Posts: 438
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