I want to buy a Camaro.... can't afford it..<cry> - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

gmackster · 12-15-2009, 01:49 PM

Hi All....

this is my first post on this forum. I have fallen in love with the new Camaro....and I really want to buy one...I just have trouble dropping 40 G's for it.

I have 20,000 cash in my bank, so I would need a loan/financing... I have a gauranteed job...with a reliable honda civic...but i've never owend an american muscle car and the Camaro is just me.

Logic is telling me to save up my money and buy a condo/house.

I guess im just trying to find someone to convince me. I asked my co-workers and although they salivate at the pics of the camaro, they are all telling me to save up my money and don't spend / waste it on the camaro.

I am single....I am NOT buying it to 'get a girl', but I'll admit the attention is kinda cool.

Anyhow....I guess im just wondering what your thoughts are. If I do finance it....it'll annoy me that i'll be paying for a car years from now, when even greater and better Camaro's will be out there.

Thoughts...opinions....?

Im in Canada, hence they higher prices.

Kalenn · 12-15-2009, 01:55 PM

Chevrolet is still making the Camaro and will be, hopefully, for many years to come. Get the house first. Remember, the garage is NOT a storage facility for stuff. It's a home for your Camaro to live in.

House > any car

Welcome to the boards!

MikesZ · 12-15-2009, 01:59 PM

Quote:

Originally Posted by Kalenn

Chevrolet is still making the Camaro and will be, hopefully, for many years to come. Get the house first. Remember, the garage is NOT a storage facility for stuff. It's a home for your Camaro to live in.

House > any car

Welcome to the boards!

Agree 100%...get the home first...then you'll have a nice garage to put the Camaro in.

Angrybird 12 · 12-15-2009, 02:04 PM

My advice is buy the house/condo now, and in a couple years find a good used Camaro for about half the price they are selling for new... When the Z28 and Convertible come out there will be plenty of used ones for sale...

Autobot · 12-15-2009, 02:04 PM

It kills me to say that I know how alluring the Camaro is but your logic is correct get the house with a garage and then get the Camaro.
Or get the house and lease a Camaro.

gjordon · 12-15-2009, 02:07 PM

Quote:

Originally Posted by gmackster

.it'll annoy me that i'll be paying for a car years from now, when even greater and better Camaro's will be out there.

You answered your own question. As great a car as it is, it can wait. Save your down payment and continue to save for that house! Who knows, by that time you can pick up a used Camaro and the best of both!

Good luck!

rschick · 12-15-2009, 02:14 PM

Well you have to look at were u sit in life, I am a single 26 year old no kids and had the money, I could have gotten a house but I wanted to have a little bit of fun

And I dont like to be tied down to something at this age.

WyteMamba · 12-15-2009, 02:31 PM

best advice for that situation......... u can sleep in your car but you cant drive your house!

dr damon · 12-15-2009, 02:34 PM

house first, then car....

Edge.128 · 12-15-2009, 02:59 PM

I got my house 4 years ago, it has been appraised at almost $100,000 more in value than I bought it for now and I haven't done much to it. So that is a wise investment. I would say get the house, then start saving again for the car.

SharpSS · 12-15-2009, 03:08 PM

Another vote for the house first. Then possibly take out a home equity loan at lower interest rates and buy the Camaro.

Dakota Kid · 12-15-2009, 03:10 PM

Good for you having money in the bank....now put it to good use and get your house first, then start saving for your downpayment on your car.

Good luck!

wullger · 12-15-2009, 03:13 PM

Yep, get the house

cab2g · 12-15-2009, 03:45 PM

Quote:

Originally Posted by Edge.128

I got my house 4 years ago, it has been appraised at almost $100,000 more in value than I bought it for now and I haven't done much to it. So that is a wise investment. I would say get the house, then start saving again for the car.

Most people won't be seeing gains in 4 years on homes like they used to. The housing market is supposed to stay pretty flat for the next 10 years. But look at it this way. You will get a garage, and only part of the amount of the money you will be paying will go to waste and part will go to principle on the house. And at least in America, the interest you pay on the loan is tax deductible, so you will get about 15+% of that back depending on your tax bracket...

The house is still a good investment if you want to have a nice car. People in apartment complexes that park next to you can really beat up your car. Even if you have underground/enclosed parking. Not many places have single garages with walls between all the stalls.

Plus you'll never have to deal with neighbors thumping on your ceiling when they're doing aerobics at 7AM.

12-15-2009, 01:49 PM	#1
gmackster Drives: Honda Join Date: Dec 2009 Location: Ontario, Canada Posts: 1	I want to buy a Camaro.... can't afford it..<cry> Hi All.... this is my first post on this forum. I have fallen in love with the new Camaro....and I really want to buy one...I just have trouble dropping 40 G's for it. I have 20,000 cash in my bank, so I would need a loan/financing... I have a gauranteed job...with a reliable honda civic...but i've never owend an american muscle car and the Camaro is just me. Logic is telling me to save up my money and buy a condo/house. I guess im just trying to find someone to convince me. I asked my co-workers and although they salivate at the pics of the camaro, they are all telling me to save up my money and don't spend / waste it on the camaro. I am single....I am NOT buying it to 'get a girl', but I'll admit the attention is kinda cool. Anyhow....I guess im just wondering what your thoughts are. If I do finance it....it'll annoy me that i'll be paying for a car years from now, when even greater and better Camaro's will be out there. Thoughts...opinions....? Im in Canada, hence they higher prices.

12-15-2009, 01:55 PM	#2
Kalenn Fan of all things Camaro Drives: '13 Mercedes-Benz C250 Sport Join Date: Sep 2009 Location: Oregon Posts: 360	Chevrolet is still making the Camaro and will be, hopefully, for many years to come. Get the house first. Remember, the garage is NOT a storage facility for stuff. It's a home for your Camaro to live in. House > any car Welcome to the boards! __________________ "Ladies and gentlemen take my advice. Pull down your pants, and slide on the ice." "E for electricity... V For Chevy Volt and me!"

12-15-2009, 02:04 PM	#4
Angrybird 12 7 year Cancer Survivor! Drives: 17 Cruze RS, 07 G6 GT, 99 Astro Join Date: Dec 2007 Location: East Tennessee Posts: 21,547	My advice is buy the house/condo now, and in a couple years find a good used Camaro for about half the price they are selling for new... When the Z28 and Convertible come out there will be plenty of used ones for sale... __________________ Cancer's a bitch! Enjoy life while you can! LIVE, LOVE, DRIVE... The Bird is the word!

12-15-2009, 02:04 PM	#5
Autobot More than meets the eye Drives: 2SS RS M6 06 Jetta TDI 17 Civic EXL Join Date: Jul 2009 Location: GRANBURY, TX Posts: 589	house first It kills me to say that I know how alluring the Camaro is but your logic is correct get the house with a garage and then get the Camaro. Or get the house and lease a Camaro. __________________ GRANBURY, TX 5TH GEN CAMARO CLUB

12-15-2009, 02:14 PM	#7
rschick Drives: 2010 Camaro Join Date: Sep 2009 Location: Destin, FL Posts: 42 View My Garage	Well you have to look at were u sit in life, I am a single 26 year old no kids and had the money, I could have gotten a house but I wanted to have a little bit of fun And I dont like to be tied down to something at this age. __________________ 2010 Rally Yellow Manual, Shes a Beauty

12-15-2009, 02:31 PM	#8
WyteMamba SStang Killer Drives: 2010 Summit White Camaro SS/RS Join Date: Oct 2009 Location: Houston, Tx Posts: 362	best advice for that situation......... u can sleep in your car but you cant drive your house!

12-15-2009, 02:34 PM	#9
dr damon Drives: 2011 MANTIS Camaro SS Join Date: Sep 2008 Location: Socal Posts: 437	house first, then car....

12-15-2009, 02:59 PM	#10
Edge.128 Drives: 2010 Camaro LS Join Date: Sep 2009 Location: Canada Posts: 1,911	I got my house 4 years ago, it has been appraised at almost $100,000 more in value than I bought it for now and I haven't done much to it. So that is a wise investment. I would say get the house, then start saving again for the car.

12-15-2009, 03:08 PM	#11
SharpSS Drives: Decked Out Inferno Orange 2SS Join Date: Dec 2009 Location: Bluegrass State Posts: 78	Another vote for the house first. Then possibly take out a home equity loan at lower interest rates and buy the Camaro. __________________

12-15-2009, 03:10 PM	#12
Dakota Kid Drives: 2010 2SS/RJT/L99 Join Date: Dec 2008 Location: Springfield, MO Posts: 1,151	Good for you having money in the bank....now put it to good use and get your house first, then start saving for your downpayment on your car. Good luck! __________________ 2SS/RJT/L99

12-15-2009, 03:13 PM	#13
wullger Supercharged Drives: 2010 Camaro 2SS/RS Join Date: Apr 2009 Location: Tyler, Texas Posts: 1,576 View My Garage	Yep, get the house __________________ 2SS/RS IBM A6, White Rallies Ordered: 4/30/09 Delivered: 8/18/09 Appearance Mods: Heritage Grille, ZL1 Replica Wheels Performance Mods: Flowmaster ARH Cat-Back Exhaust, ADM CAI, ADM L99-LS3 Conversion, ADM LSA Supercharger Kit, Lingenfelter GT9 Cam, Stainless Power Headers, Detroit Speed Sway Bars, ZL1 Fuel Pump 581 rwhp/535 lb/ft tq

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