Camaro SS for graduation? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Vettedude · 10-12-2014, 11:32 PM

Hey guys, I'm new as a member of this forum except I look at it all the time. Anyways, the Camaro SS is my dream car. I asked my parents if I could get one for high school graduation if I saved up $5,000 (I have a part time job) to put down, which is in about one and a half years from now. My parents said yes, but do you guys think this is a good idea? Some friends have said that it is a stupid idea to save that much money just to spend it on a car, but the adults in my family respect me for saving the money for it. Also, I live in an area that snows a lot in the winter, but I plan on getting snow tires. Just let me know what you think. Thanks

Austin45 · 10-12-2014, 11:33 PM

Buy what you want. My down payment was bigger than that, which I made when I was 17 and 3 months from graduation.

salva · 10-12-2014, 11:35 PM

Just make sure you're able to pay the insurance

Vettedude · 10-12-2014, 11:38 PM

Quote:

Originally Posted by salva

Just make sure you're able to pay the insurance

My parents have that covered until I'm out of college and financially independent.

Vettedude · 10-12-2014, 11:39 PM

Quote:

Originally Posted by Austin45

Buy what you want. My down payment was bigger than that, which I made when I was 17 and 3 months from graduation.

$5,000 is my goal, but I'm trying to get as much as I can.

LimaCharlie · 10-12-2014, 11:51 PM

Quote:

Originally Posted by Vettedude

My parents have that covered until I'm out of college and financially independent.

You are very lucky. If you ever get the car, thank your parents by respecting the car.

$5,000 is a good goal for a down payment. I totally understand why you would spend $5,000 on a car because I'm a car guy. Your friends are obviously not and probably spend their money on video games and cell phones.

3Black · 10-13-2014, 12:10 AM

I'm 17, what I did was put the down payment on the car, and the car is under my parent's name. The system in our house is every month, I pay my parents the $6xx payment and they just pay the bill (I'm not old enough to have the car under my name). In reality, the car is under their name, but really I'm paying for it. I also pay for gas, they pay for insurance though, I simply can't afford it. I work on eBay and make just enough for the car payment, gas, and a little to save for myself. If I had to pay insurance, I wouldn't have a V8, I highly appreciate my parents paying for insurance and plan to pay them back with something big sometime.

Amanofdragons · 10-13-2014, 12:34 AM

I say you are a lucky son of a gun. I'd also suggest that you specify whatever generation camaro you want. Else you might get a 4th gen with 100k on it. All joking aside, if your parents are willing to do that, by all means do it. I'm in a similar boat except for that I made all the money for the car myself. I have to pay for everything myself. Don't listen to your friends who say don't spend the money on a car. Yeah five grand will buy you a lot of things, but how many are you gonna use every day and have for an extended period of time? A nice rifle? Go on a date with that. A bunch of clothes? They'll be outa style before you can wear them all. A prostitute? That'll probably be the best night of your life, but that'll be it. A mail order bride? Well you can use that daily and will probably have her for a while. She you just can't ride her to school. Like I said go for it. You won't regret it.

Vettedude · 10-13-2014, 12:54 AM

Quote:

Originally Posted by Amanofdragons

I say you are a lucky son of a gun. I'd also suggest that you specify whatever generation camaro you want. Else you might get a 4th gen with 100k on it. All joking aside, if your parents are willing to do that, by all means do it. I'm in a similar boat except for that I made all the money for the car myself. I have to pay for everything myself. Don't listen to your friends who say don't spend the money on a car. Yeah five grand will buy you a lot of things, but how many are you gonna use every day and have for an extended period of time? A nice rifle? Go on a date with that. A bunch of clothes? They'll be outa style before you can wear them all. A prostitute? That'll probably be the best night of your life, but that'll be it. A mail order bride? Well you can use that daily and will probably have her for a while. She you just can't ride her to school. Like I said go for it. You won't regret it.

I want a 5th gen Camaro. I keep a picture of one in my wallet. It really helps me save my money.

Vettedude · 10-13-2014, 12:57 AM

Quote:

Originally Posted by 3Black

I'm 17, what I did was put the down payment on the car, and the car is under my parent's name. The system in our house is every month, I pay my parents the $6xx payment and they just pay the bill (I'm not old enough to have the car under my name). In reality, the car is under their name, but really I'm paying for it. I also pay for gas, they pay for insurance though, I simply can't afford it. I work on eBay and make just enough for the car payment, gas, and a little to save for myself. If I had to pay insurance, I wouldn't have a V8, I highly appreciate my parents paying for insurance and plan to pay them back with something big sometime.

I suggested doing something similar, but my dad wanted me to wait until I'm 18 so I can sign on it and he can co-sign and make the monthly payments on it, so that it helps me develop good credit.

3Black · 10-13-2014, 01:34 AM

Quote:

Originally Posted by Vettedude

I suggested doing something similar, but my dad wanted me to wait until I'm 18 so I can sign on it and he can co-sign and make the monthly payments on it, so that it helps me develop good credit.

I will end up getting ownership once I'm 18.

schwartzeneger · 10-13-2014, 08:02 AM

Quote:

Originally Posted by Vettedude

I suggested doing something similar, but my dad wanted me to wait until I'm 18 so I can sign on it and he can co-sign and make the monthly payments on it, so that it helps me develop good credit.

Your dad is no fool. Just be sure to calculate in the cost of insurance, gas, and general maintenance before going with the V8.

IOMss11 · 10-13-2014, 08:19 AM

Screw your friends, they're jealous. Work hard and you can attain anything you want. Work hard, stay humble and drive a camaro.

01pewterz28 · 10-13-2014, 08:24 AM

If you can afford it go for it my 1st car was a 1992 Z/28 I saved up half the $$ my parents finished the rest. I had the car when I was in 11th grade.

10-12-2014, 11:32 PM	#1
Vettedude Drives: 2016 Camaro 2SS Join Date: Oct 2014 Location: KC Posts: 27	Camaro SS for graduation? Hey guys, I'm new as a member of this forum except I look at it all the time. Anyways, the Camaro SS is my dream car. I asked my parents if I could get one for high school graduation if I saved up $5,000 (I have a part time job) to put down, which is in about one and a half years from now. My parents said yes, but do you guys think this is a good idea? Some friends have said that it is a stupid idea to save that much money just to spend it on a car, but the adults in my family respect me for saving the money for it. Also, I live in an area that snows a lot in the winter, but I plan on getting snow tires. Just let me know what you think. Thanks

10-12-2014, 11:33 PM	#2
Austin45 The Logistician Drives: 2012 LFX 45th Anniversary Join Date: Aug 2012 Location: Jonesboro, AR Posts: 864 View My Garage	Buy what you want. My down payment was bigger than that, which I made when I was 17 and 3 months from graduation. __________________

10-13-2014, 08:19 AM	#13
IOMss11 Drives: 2011 Inferno Orange metallic 2SS Join Date: Aug 2013 Location: United States Posts: 103	Screw your friends, they're jealous. Work hard and you can attain anything you want. Work hard, stay humble and drive a camaro. __________________ aFe CAI / SLP 1 7/8" headers, SLP 2.5" full exhaust 4" quad tips / COMP cams "mild" cam/ 160* t-stat/ dyno tune (442rwhp/418tq)

10-13-2014, 08:24 AM	#14
01pewterz28 #TeamBeckyD Drives: 2017 HBM 2SS Convertible A8 Join Date: Aug 2008 Location: Apopka, FL Posts: 10,496 View My Garage	If you can afford it go for it my 1st car was a 1992 Z/28 I saved up half the $$ my parents finished the rest. I had the car when I was in 11th grade. __________________ #TeamBeckyD FIFTY HBM 2SS VERT

10-12-2014, 11:35 PM	#3
salva Drives: 2014 LS Join Date: Apr 2014 Location: United States Posts: 95	Just make sure you're able to pay the insurance

10-13-2014, 12:10 AM	#7
3Black Account Suspended Drives: 2014 1SS/RS M6 Join Date: Feb 2014 Location: California Posts: 365	I'm 17, what I did was put the down payment on the car, and the car is under my parent's name. The system in our house is every month, I pay my parents the $6xx payment and they just pay the bill (I'm not old enough to have the car under my name). In reality, the car is under their name, but really I'm paying for it. I also pay for gas, they pay for insurance though, I simply can't afford it. I work on eBay and make just enough for the car payment, gas, and a little to save for myself. If I had to pay insurance, I wouldn't have a V8, I highly appreciate my parents paying for insurance and plan to pay them back with something big sometime.

10-13-2014, 12:34 AM	#8
Amanofdragons Drives: none(yet) Join Date: Mar 2014 Location: northport, washington Posts: 56	I say you are a lucky son of a gun. I'd also suggest that you specify whatever generation camaro you want. Else you might get a 4th gen with 100k on it. All joking aside, if your parents are willing to do that, by all means do it. I'm in a similar boat except for that I made all the money for the car myself. I have to pay for everything myself. Don't listen to your friends who say don't spend the money on a car. Yeah five grand will buy you a lot of things, but how many are you gonna use every day and have for an extended period of time? A nice rifle? Go on a date with that. A bunch of clothes? They'll be outa style before you can wear them all. A prostitute? That'll probably be the best night of your life, but that'll be it. A mail order bride? Well you can use that daily and will probably have her for a while. She you just can't ride her to school. Like I said go for it. You won't regret it.