Any young people with this car? 20ish.
11-17-2008, 11:58 PM
#31
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18 here. HEY! and whose the good looking fellow who started the teenagers thread?.
dont pay for the car anymore (i did the 1st 6 months then graduated then parents gave as a present)
still pay for my insurance though. not complaining.
dont pay for the car anymore (i did the 1st 6 months then graduated then parents gave as a present)
still pay for my insurance though. not complaining.
11-18-2008, 07:59 AM
#34
Vtak just kicked in yo!!
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Im 20, bought the car 3 years ago. My dad helped a bit with the down payment but I worked 2 jobs while in high school to pay for everything on my own, which was a pain in the *** but worth it at the same time.
It got tricky when I went to college, I was a full time student and working full time to pay rent, car, insurance, etc.
THen I took 'time off' from school since I really wasnt enjoying it and I was paying out of pocket each semester at the Univ of Iowa.
Now 2 years later, Im a manager at a call center in chicago and everything is taken care of
All I can say for a young prospecting buyer is to know and understand what you are getting into. THese cars are niche cars that require a certain level of patience and understanding as well as motivation/ money to properly maintain it.
RX8's may seem cheap at a car lot due to their poor resale, but this car will cost you a lot of money. I pay $1200 for 6 months full coverage then $25 per month when I store it for the winter. Parts are expensive, mods are expensive, gas is expensive, insurance is expensive, and more than likely your car payment will be expensive.
All this was worth it to me and I made ends meet because I really enjoyed having this car.
Do your research, make sure this is what you want. IF you get an 8, youll love it.
It got tricky when I went to college, I was a full time student and working full time to pay rent, car, insurance, etc.
THen I took 'time off' from school since I really wasnt enjoying it and I was paying out of pocket each semester at the Univ of Iowa.
Now 2 years later, Im a manager at a call center in chicago and everything is taken care of
All I can say for a young prospecting buyer is to know and understand what you are getting into. THese cars are niche cars that require a certain level of patience and understanding as well as motivation/ money to properly maintain it.
RX8's may seem cheap at a car lot due to their poor resale, but this car will cost you a lot of money. I pay $1200 for 6 months full coverage then $25 per month when I store it for the winter. Parts are expensive, mods are expensive, gas is expensive, insurance is expensive, and more than likely your car payment will be expensive.
All this was worth it to me and I made ends meet because I really enjoyed having this car.
Do your research, make sure this is what you want. IF you get an 8, youll love it.
11-18-2008, 10:42 AM
#35
19 and I've had my car since the beginning of this summer. Used some savings bonds to pay for about half the car. (Needed a car anyway for school commute I thought why not something fun.) It's been great except the fuel economy, and I'm worried that the city driving is really hard on the rotary. Still paying my parents back for the other half which is a little tricky if you're a full time student.
Insurance honestly isn't that bad for a teenage male in a sports car. I think its around a grand every six months. Gas has been killing my though, I get about 12mpg doing just city driving.
In hindsight I should have bought a 06 GTi, would be much more economical and I wouldn't have to worry about alot of things I worry about with my 8, but that redline makes it all worth it.
Insurance honestly isn't that bad for a teenage male in a sports car. I think its around a grand every six months. Gas has been killing my though, I get about 12mpg doing just city driving.
In hindsight I should have bought a 06 GTi, would be much more economical and I wouldn't have to worry about alot of things I worry about with my 8, but that redline makes it all worth it.
11-18-2008, 11:28 AM
#36
I am going to be old guy in this thread 27, bought my car at 25. I am not in the same boat as any of you but I remember being 18 and working for a few dollars an hour above minimum wage.
So a little advice. First when modifying your car or when buying your car remember that credit (loans and credit cards) are a great tool. Just like any power tool, if credit is not used correctly it will just screw up things faster then not using it at all. But if used correctly it will allow you to get more faster and save money. With credit cards you can get cash back (1-5%) and you have your money longer so you can get intrest on that money (I get about 2%) Seems small but it adds up fast. I think everyone gets the idea about credit so let me move on. Also dont avoid credit cars, get one, use it for small things and always pay the bill in full. It will build a good credit history.
Insurance. Get your own insurance or be sure the limits are so high that your dad wont get screwed if something happens. Increasing limits to $500K is not that expensive. Also check with the insurance company your dad has and they might be able to open you an account as an extension of your dad's. It would be in your name but you get the advantages of your dad's long term membership.
Be responsible: You have a car and you have a car payment, be sure you have a job that will pay for these things. I am sure you are already emplyed but you have to keep that job. That means staying out of trouble, no street racing or speeding tickets, getting to work on time and being a good employee. Also at 20 years old you do not have to settle for a part time, low paying job or a dead end job. You would be suprised how many people at 20 years old make GOOD MONEY. Its not that they have special skills or work all the time, its that they picked an entry level job at a big company or a company that allows them to move up. Also, never job hop. Going from one job to another looks bad to future employers. They dont want to train you only to see you leave in 3 months. Exceptions exist but keep it to the minimum.
Why am I saying all this. Well again I am only 27 and I dont have any fancy education or rich parents but I own 2 homes, have a 6 figure job (in california does not mean as much but still I make more then most people) and a side business that makes a good income. I bought my first new car at 20 and my first house at 22.
Point is that your age means nothing, it is how you present yourself and how you act. Act like an adult and you will have the good things adults have but because you are young you can enjoy the money. I plan to retire by 50 so I can can actualy travel and enjoy things instead of watching price it right while rubing bengay on my joints like most retires.
Oh last thing about the car. Learn to drive the car. Go to a HPDE and learn what you and your car can do. Never, ever try to learn how to drive fast on the street.
So a little advice. First when modifying your car or when buying your car remember that credit (loans and credit cards) are a great tool. Just like any power tool, if credit is not used correctly it will just screw up things faster then not using it at all. But if used correctly it will allow you to get more faster and save money. With credit cards you can get cash back (1-5%) and you have your money longer so you can get intrest on that money (I get about 2%) Seems small but it adds up fast. I think everyone gets the idea about credit so let me move on. Also dont avoid credit cars, get one, use it for small things and always pay the bill in full. It will build a good credit history.
Insurance. Get your own insurance or be sure the limits are so high that your dad wont get screwed if something happens. Increasing limits to $500K is not that expensive. Also check with the insurance company your dad has and they might be able to open you an account as an extension of your dad's. It would be in your name but you get the advantages of your dad's long term membership.
Be responsible: You have a car and you have a car payment, be sure you have a job that will pay for these things. I am sure you are already emplyed but you have to keep that job. That means staying out of trouble, no street racing or speeding tickets, getting to work on time and being a good employee. Also at 20 years old you do not have to settle for a part time, low paying job or a dead end job. You would be suprised how many people at 20 years old make GOOD MONEY. Its not that they have special skills or work all the time, its that they picked an entry level job at a big company or a company that allows them to move up. Also, never job hop. Going from one job to another looks bad to future employers. They dont want to train you only to see you leave in 3 months. Exceptions exist but keep it to the minimum.
Why am I saying all this. Well again I am only 27 and I dont have any fancy education or rich parents but I own 2 homes, have a 6 figure job (in california does not mean as much but still I make more then most people) and a side business that makes a good income. I bought my first new car at 20 and my first house at 22.
Point is that your age means nothing, it is how you present yourself and how you act. Act like an adult and you will have the good things adults have but because you are young you can enjoy the money. I plan to retire by 50 so I can can actualy travel and enjoy things instead of watching price it right while rubing bengay on my joints like most retires.
Oh last thing about the car. Learn to drive the car. Go to a HPDE and learn what you and your car can do. Never, ever try to learn how to drive fast on the street.
11-18-2008, 11:57 AM
#37
Vtak just kicked in yo!!
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I am going to be old guy in this thread 27, bought my car at 25. I am not in the same boat as any of you but I remember being 18 and working for a few dollars an hour above minimum wage.
So a little advice. First when modifying your car or when buying your car remember that credit (loans and credit cards) are a great tool. Just like any power tool, if credit is not used correctly it will just screw up things faster then not using it at all. But if used correctly it will allow you to get more faster and save money. With credit cards you can get cash back (1-5%) and you have your money longer so you can get intrest on that money (I get about 2%) Seems small but it adds up fast. I think everyone gets the idea about credit so let me move on. Also dont avoid credit cars, get one, use it for small things and always pay the bill in full. It will build a good credit history.
Insurance. Get your own insurance or be sure the limits are so high that your dad wont get screwed if something happens. Increasing limits to $500K is not that expensive. Also check with the insurance company your dad has and they might be able to open you an account as an extension of your dad's. It would be in your name but you get the advantages of your dad's long term membership.
Be responsible: You have a car and you have a car payment, be sure you have a job that will pay for these things. I am sure you are already emplyed but you have to keep that job. That means staying out of trouble, no street racing or speeding tickets, getting to work on time and being a good employee. Also at 20 years old you do not have to settle for a part time, low paying job or a dead end job. You would be suprised how many people at 20 years old make GOOD MONEY. Its not that they have special skills or work all the time, its that they picked an entry level job at a big company or a company that allows them to move up. Also, never job hop. Going from one job to another looks bad to future employers. They dont want to train you only to see you leave in 3 months. Exceptions exist but keep it to the minimum.
Why am I saying all this. Well again I am only 27 and I dont have any fancy education or rich parents but I own 2 homes, have a 6 figure job (in california does not mean as much but still I make more then most people) and a side business that makes a good income. I bought my first new car at 20 and my first house at 22.
Point is that your age means nothing, it is how you present yourself and how you act. Act like an adult and you will have the good things adults have but because you are young you can enjoy the money. I plan to retire by 50 so I can can actualy travel and enjoy things instead of watching price it right while rubing bengay on my joints like most retires.
Oh last thing about the car. Learn to drive the car. Go to a HPDE and learn what you and your car can do. Never, ever try to learn how to drive fast on the street.
So a little advice. First when modifying your car or when buying your car remember that credit (loans and credit cards) are a great tool. Just like any power tool, if credit is not used correctly it will just screw up things faster then not using it at all. But if used correctly it will allow you to get more faster and save money. With credit cards you can get cash back (1-5%) and you have your money longer so you can get intrest on that money (I get about 2%) Seems small but it adds up fast. I think everyone gets the idea about credit so let me move on. Also dont avoid credit cars, get one, use it for small things and always pay the bill in full. It will build a good credit history.
Insurance. Get your own insurance or be sure the limits are so high that your dad wont get screwed if something happens. Increasing limits to $500K is not that expensive. Also check with the insurance company your dad has and they might be able to open you an account as an extension of your dad's. It would be in your name but you get the advantages of your dad's long term membership.
Be responsible: You have a car and you have a car payment, be sure you have a job that will pay for these things. I am sure you are already emplyed but you have to keep that job. That means staying out of trouble, no street racing or speeding tickets, getting to work on time and being a good employee. Also at 20 years old you do not have to settle for a part time, low paying job or a dead end job. You would be suprised how many people at 20 years old make GOOD MONEY. Its not that they have special skills or work all the time, its that they picked an entry level job at a big company or a company that allows them to move up. Also, never job hop. Going from one job to another looks bad to future employers. They dont want to train you only to see you leave in 3 months. Exceptions exist but keep it to the minimum.
Why am I saying all this. Well again I am only 27 and I dont have any fancy education or rich parents but I own 2 homes, have a 6 figure job (in california does not mean as much but still I make more then most people) and a side business that makes a good income. I bought my first new car at 20 and my first house at 22.
Point is that your age means nothing, it is how you present yourself and how you act. Act like an adult and you will have the good things adults have but because you are young you can enjoy the money. I plan to retire by 50 so I can can actualy travel and enjoy things instead of watching price it right while rubing bengay on my joints like most retires.
Oh last thing about the car. Learn to drive the car. Go to a HPDE and learn what you and your car can do. Never, ever try to learn how to drive fast on the street.
11-18-2008, 12:07 PM
#38
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I am 20, I got this car when I was 19, I love it and couldnt have asked for anything better. Just make sure you are able to pay for all extra expenses, she is a high maintenance biotch. Also make usre yo are out of the whole street racer/show off phase. I wasnt when I first got this car, but now I have seen teh light
11-18-2008, 12:10 PM
#39
Well I see your points, very well said. But I'm a very careful driver and never have been in any accidents, I will not use the rx8 for racing, the only performance mods I'm even considering are exhaust/intake, other than that Im just going on visual mods.
as for insurance, whichever car i get will be on my dad's insurance, so it won't make a difference. and as for the prices, my dad has 25+ years of clean driving record and currently has 3 cars under his insurance, i'm sure it will be alot cheaper than 4k if he insures my rx8.
and many users here are 18-20+ and they maintain their car just fine, why would it be any different with me?
but yes, you do have alot of valid points. and I am still considering the mazda6, mostly because of the rx8's mpg and its resale value, as a previous poster stated. also, spending alot of time in the shop does sound like a pain in the neck. thanks for your input and i will take everything into consideration as i still have a few weeks before i make a final decision.
as for insurance, whichever car i get will be on my dad's insurance, so it won't make a difference. and as for the prices, my dad has 25+ years of clean driving record and currently has 3 cars under his insurance, i'm sure it will be alot cheaper than 4k if he insures my rx8.
and many users here are 18-20+ and they maintain their car just fine, why would it be any different with me?
but yes, you do have alot of valid points. and I am still considering the mazda6, mostly because of the rx8's mpg and its resale value, as a previous poster stated. also, spending alot of time in the shop does sound like a pain in the neck. thanks for your input and i will take everything into consideration as i still have a few weeks before i make a final decision.
the more car a person has, the higher rate it will be. NO MATTER what your insurance tells ya by giving you something like "Multi-Car" discount or whatever. cuz you still paying for all of them afterall.
Let me ask ya first, you said your father insuring 3 cars already, did your father ever put you into his policy ? cuz Im pretty sure that as soon as your father put you in, the rates going to skyrocket even you never had any accident, this is "very true" for stupid places like NYC.
Cuz like I said b4, if the car is under your father's policy and something unfortunate happen, they will go after your father. and if your father never put you into the policy in the first place, which means your father did NOT tell his insurance company that you have a license and you will drive his car. Insurance company will have the right to deny any claims.
So you might want to find out first before you have your first car.
11-18-2008, 12:27 PM
#41
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Im 18 and i bought my 07 MT 8 about 3 weeks ago.
I drive responsibly (for the most part) and have only had 1 ticket... which was in my dads truck
only 7 over tho.
I work for an electrical contractor, and although i live at home i pay for everything (bills) myself. My insurance is about 1400 every 6 months for full coverage.
I drive responsibly (for the most part) and have only had 1 ticket... which was in my dads truck
only 7 over tho.I work for an electrical contractor, and although i live at home i pay for everything (bills) myself. My insurance is about 1400 every 6 months for full coverage.
11-18-2008, 12:36 PM
#42
22, bought the car myself, pay for it myself lol....The only reason I go to work really haha..Got it after I turned 20 and got quite a promotion at work and loved it ever since. It was either going to be a rx8, mustang gt or a evo. Got the 8 because its a mazda and a rotary. Next car will be a Challenger once this cars paid off here soon.
11-18-2008, 01:19 PM
#43
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25 years old here with a two year old son of my own , traded my 03 Toyota highlander with 120k for an 04 RX8 with 50k through a private sale straight up, the market for sports cars is horrible right before winter and I got a wicked deal
wait a minute, i'm old hahaha
if its one word of advice that i used to neglect in my younger days and i am lucky to still be here even after ignoring the advice "USE JACKSTANDS & WHEEL CHOCKS!!!!"
wait a minute, i'm old hahaha
if its one word of advice that i used to neglect in my younger days and i am lucky to still be here even after ignoring the advice "USE JACKSTANDS & WHEEL CHOCKS!!!!"
11-18-2008, 01:31 PM
#44
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thank you for very good input guys. i'd like to point out im very mature, and never had a ticket (other than parking meter/street cleaning). so do not worry about street racing/speeding. i am also very organized with money. and i plan on gettin an extension on my name on my dads insurance. with that said:
here's the deal, i have a stable part-time job because i am a fulltime college student so it's hard to work fulltime, make about about $1000 montly, i don't pay rent/bills, all i will have to pay is for my phone bill($100/mo), a SMALL credit card bill($50/mo), car payment(estimated at about $200/mo), and insurance. and ofcourse everyday things like food, gas, clothes, ect.
has any young person, with a similar montly budget and expenses, been able to keep up with the rx8's cost of ownership?
again thanks for everyone input.
here's the deal, i have a stable part-time job because i am a fulltime college student so it's hard to work fulltime, make about about $1000 montly, i don't pay rent/bills, all i will have to pay is for my phone bill($100/mo), a SMALL credit card bill($50/mo), car payment(estimated at about $200/mo), and insurance. and ofcourse everyday things like food, gas, clothes, ect.
has any young person, with a similar montly budget and expenses, been able to keep up with the rx8's cost of ownership?
again thanks for everyone input.
11-18-2008, 01:33 PM
#45
2004 Titanium Grey GT
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I am 18yrs old. I bought the car myself. Saved for 4 years. Love this dam car sooo much. I do not regret anything about it. She is the joy of my life! Lol. I am under my fathers insurance to keep the rates down. Currently just got raised to 273 a month. Which sucks ***** but whatever. Just got a speeding ticket and praying the lord my insurance don't skyrocket. Wither way well worth it even though I run out of money each month between insurance and buying car parts.
11-18-2008, 01:43 PM
#47
thank you for very good input guys. i'd like to point out im very mature, and never had a ticket (other than parking meter/street cleaning). so do not worry about street racing/speeding. i am also very organized with money. and i plan on gettin an extension on my name on my dads insurance. with that said:
here's the deal, i have a stable part-time job because i am a fulltime college student so it's hard to work fulltime, make about about $1000 montly, i don't pay rent/bills, all i will have to pay is for my phone bill($100/mo), a SMALL credit card bill($50/mo), car payment(estimated at about $200/mo), and insurance. and ofcourse everyday things like food, gas, clothes, ect.
has any young person, with a similar montly budget and expenses, been able to keep up with the rx8's cost of ownership?
again thanks for everyone input.
here's the deal, i have a stable part-time job because i am a fulltime college student so it's hard to work fulltime, make about about $1000 montly, i don't pay rent/bills, all i will have to pay is for my phone bill($100/mo), a SMALL credit card bill($50/mo), car payment(estimated at about $200/mo), and insurance. and ofcourse everyday things like food, gas, clothes, ect.
has any young person, with a similar montly budget and expenses, been able to keep up with the rx8's cost of ownership?
again thanks for everyone input.
One reason you have not gotten a speeding ticket yet is that you have not gotten your RX8 yet. Trust me, something about driving a sports car will cause you to drive faster and attract more police attention. It happens to everyone. Usually worse when you first get the car.
It sounds like you can afford it but if you already have a set of perfectly good wheels, I would suggest you continue to put away all the money you would be spending on the car every month for atleast 3-4 months before you buy and maybe throw in a little extra for maintenance. This is called practice. If you can easily save the money now then you can easily pay the bills latter. Then use half the money you save to put down on the car to lower the financed cost. Also, buy the newest and lowest mileage car you can find (other then new) it will pay off in maintence/repair cost latter.
Last edited by Highway8; 11-18-2008 at 01:51 PM.
11-18-2008, 01:50 PM
#48
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fine. i have about $6k-ish saved so i can easily pay it off and still have a nice down payment ready for the car.
and i had a '96 camry(myabe thats why i never got a speed ticket haha).. and sold it in hopes of getting an rx8.
as i said i have about 6k saved for a good down payment/maintenance along with my $1000/month job. (not much, but ok for a fulltime college student).
Last edited by drazzie; 11-18-2008 at 01:56 PM.
