The Hunt for a FL5 CTR

[lilDumpsterRat]

just do it man, if it ends up being a bad scenario you can sell it and just get kicked in the teeth from the loss you take. but if you've been thinking about it that long just buy it now. you're young enough that you can work your way out of the hole if you get into one. is this prudent advice? no, but who cares. you will smile all day driving this ingenious car.

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[Robo7]

This thread is dead but just for any future 20-something year olds asking this question… $46k invested in your 20’s will be worth $1M in your 60’s (assuming 8% over 40 years). The best thing you can do in your 20’s is invest. Buy the car once you’re financially secure. Or don’t and be stressed about money through your 20’s and beyond.

 

[nawfoo]

Dont be that guy with a Type R living in a apartment. $700 a month for a car payment is crazy. At 26 your insurance will be just as high, probably around $400-500 a month. $1200 a month is ridiculous.

 

[citrus]

There's no reason to buy a house now if you don't need to. Just do the math. A lot boomers here are not factoring in costs like property tax, insurance, utilities, HOA, security, maintenance, etc., which are all costs that you'll pay for as long as you live in a house, even if you own it outright and don't have a mortgage, especially if you buy a single-family house. That's not to say renting forever is necessarily correct. The point is that the right choice for you (or anyone) is not so clear cut. Plenty of people have been "trapped" by homeownership, and it's worth researching on your own before taking advice from stangers online speaking to only their own priorities.

You can't reasonably take a car with you everywhere, but you can definitely take it with you to more places than you can a house. If you plan to own your car longer than you plan to live in the general area of where you are now, there's no reason why you shouldn't buy a Type R while living in an apartment, especially with the Type R being as practical as it is!

Another thing on financing: it's almost free and effortless to move an auto loan between financial institutions. If the dealer's terms aren't favorable, as long as the selling price is good, you can sign the deal and just immediately move it to somewhere else. I did this recently with a purchase where the dealer would only honor a discount if I financed through one of their partner banks. I signed the deal and asked my credit union to pull the loan over as soon as it originated. The process took about two weeks and was completely hands-off after I followed my credit union's instructions.

 

[BayouRFL5?]

This thread is dead but just for any future 20-something year olds asking this question… $46k invested in your 20’s will be worth $1M in your 60’s (assuming 8% over 40 years). The best thing you can do in your 20’s is invest. Buy the car once you’re financially secure. Or don’t and be stressed about money through your 20’s and beyond.

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