Who is the youngest person here to buy an RX-8?
04-19-2005, 10:48 AM
#51
2010 Prius - Miss the 8
Originally Posted by Horse
I was 16, payed in full and in my name.
Besides like Khtm said, you were 16, no way you could have bought the car by yourself. Nice try though...
04-19-2005, 12:14 PM
#53
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Bought my 8 at 24, bought my Celica GT-S at 21, bought my first car (can't bear to mention what it was) at 19. All paid for by me, out of my pocket. First two were bought while in college, while also paying tuition by myself, while working 2 jobs.
I've got nothing against the people who's parents bought them thier cars, or the ones living at home and buying their 8s. What I do take issue with is those same people claiming the purchase as their own. Worse, saying "look at me, I'm 17 and driving an RX-8" when they aren't even paying for it. Act humble and realize how fortunate you are to be driving a $30k car at your age. Nothing pisses me off more than spoiled kids.
I've got nothing against the people who's parents bought them thier cars, or the ones living at home and buying their 8s. What I do take issue with is those same people claiming the purchase as their own. Worse, saying "look at me, I'm 17 and driving an RX-8" when they aren't even paying for it. Act humble and realize how fortunate you are to be driving a $30k car at your age. Nothing pisses me off more than spoiled kids.
04-19-2005, 01:07 PM
#55
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Originally Posted by RX8CaliGirl
When you boys are done measuring your dicks, let me know. :p
By the way, LIVING AT HOME and "fully paying" for your 8 really doesn't count. When you LIVE ALONE, then talk to me. I doubt the girls are that impressed that you're driving your "fully paid" 8 back home to mommy and daddy.
As a young (early 20's) single gal, I bought my 8 all on my own when I had a very high-paying job (which I no longer have but am much happier without it) and the payments are a little bit tough right now but I just forego that trip to Carl's Jr. And yes, I live all by myself and pay all my bills so when boys get impressed by my 8, I actually have a place to take them to instead of mom and dad's basement.
By the way, LIVING AT HOME and "fully paying" for your 8 really doesn't count. When you LIVE ALONE, then talk to me. I doubt the girls are that impressed that you're driving your "fully paid" 8 back home to mommy and daddy.
As a young (early 20's) single gal, I bought my 8 all on my own when I had a very high-paying job (which I no longer have but am much happier without it) and the payments are a little bit tough right now but I just forego that trip to Carl's Jr. And yes, I live all by myself and pay all my bills so when boys get impressed by my 8, I actually have a place to take them to instead of mom and dad's basement.
lol, I don't really care about "measuring my dick". The only reason I started this thread was because I was curious what the younger demographic of RX-8 owners is like. I live in a fairly low-income area, so even people who still live at home have a tough time affording decent vehicles. It just struck my curiosity to see what it's like on an international forum like this.
Anyway, although it may be more impressive to live on your own, I'd rather stay at home while I'm in college so I can save all my excess money and not have to worry about rent. I want to be as financially secure as possible when I finally do move out; sex isn't priority, even though it is nice
04-19-2005, 01:18 PM
#56
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Originally Posted by RX8SaxMan
sex isn't priority
If we hurry, I'm sure we can get the mods to delete that post before anyone else sees it..........
04-19-2005, 01:26 PM
#57
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Originally Posted by RX8SaxMan
lol, I don't really care about "measuring my dick". The only reason I started this thread was because I was curious what the younger demographic of RX-8 owners is like. I live in a fairly low-income area, so even people who still live at home have a tough time affording decent vehicles. It just struck my curiosity to see what it's like on an international forum like this.
Anyway, although it may be more impressive to live on your own, I'd rather stay at home while I'm in college so I can save all my excess money and not have to worry about rent. I want to be as financially secure as possible when I finally do move out; sex isn't priority, even though it is nice
Anyway, although it may be more impressive to live on your own, I'd rather stay at home while I'm in college so I can save all my excess money and not have to worry about rent. I want to be as financially secure as possible when I finally do move out; sex isn't priority, even though it is nice
Enjoy the financial help while you can, before you know it that one expense turns into a $2500 mortgage, $1000 in car payments, credit cards and kids to raise... but life is good :D
04-19-2005, 01:31 PM
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I think that a great majority of young Americans can get nice cars for two reasons. One reason is parents; credit is another one.
You can have a shot credit history and still get an auto loan because this is the American way I have seen tons of kids who bought and souped up rides just to find themselves in debt that they could not pay off. As a result of these actions, many of these folks ended up selling their cars within a year of owning them.
For an average American, all long term debt should be around 22% of the gross income. A car should cost around 12% of one's income. Unfortunately, I have not seem many young owners of cool cars who can meet these standards. To be honest with you, I am kinda glad that the Congress made it harder for Americans to file for bankrupcy because this is getting out of hand.
You can have a shot credit history and still get an auto loan because this is the American way
I have seen tons of kids who bought and souped up rides just to find themselves in debt that they could not pay off. As a result of these actions, many of these folks ended up selling their cars within a year of owning them. For an average American, all long term debt should be around 22% of the gross income. A car should cost around 12% of one's income. Unfortunately, I have not seem many young owners of cool cars who can meet these standards. To be honest with you, I am kinda glad that the Congress made it harder for Americans to file for bankrupcy because this is getting out of hand.
04-19-2005, 01:37 PM
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Originally Posted by G8rboy
While I understand why a teenager would want a car like the 8, I don't understand the desire to have a monster car payment to burdon you. If it were between big car payment or my own apartment and freedom, seems like a no brainer. At least that was the decision I made... I was working full time in HS and college, but I chose to get a cheap import ($700 '78 Celica) to thrash around with rather than stress out over worrying about a car payment. I can't even comprehend going to college while living at home... I'd rather not own a car at all. I guess it's all about different priorities in life.
Enjoy the financial help while you can, before you know it that one expense turns into a $2500 mortgage, $1000 in car payments, credit cards and kids to raise... but life is good :D
Enjoy the financial help while you can, before you know it that one expense turns into a $2500 mortgage, $1000 in car payments, credit cards and kids to raise... but life is good :D
Someone earlier mentioned that anyone working at McDonald's while living at home could buy an 8. That's true, but there would be absolutely nothing left over, and I would never try to do that. I got extremely lucky, because I really enjoy my job, it is very flexible to my school schedule, and I get paid a lot. The 8 is the only thing I really have to show for it, because everything else is either in savings or being invested.
04-19-2005, 01:38 PM
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Originally Posted by khtm
Me neither. Kind of defeats the purpose of going to college 
04-19-2005, 01:49 PM
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I'm 22, I rent an oceanfront place in San Diego, my 8 is nearly paid off and I walk around with a smug smile on my face all day because I'm pretty damn happy with myself. Just thought I'd let you all know.
Correction: I drive around with a smug smile on my face all day
Correction: I drive around with a smug smile on my face all day
04-19-2005, 02:19 PM
#64
2010 Prius - Miss the 8
Originally Posted by RX8SaxMan
You're right, I can't say buying an RX-8 is the best financial decision I've ever made, but it is so worth it. See, this is the first car in my name. The way I see it I can easily afford the car now, with a lot of money still left over so I'd rather just suck it up and get something that I'm really going to enjoy. Plus, I have a great family so living at home isn't bad at all.
Someone earlier mentioned that anyone working at McDonald's while living at home could buy an 8. That's true, but there would be absolutely nothing left over, and I would never try to do that. I got extremely lucky, because I really enjoy my job, it is very flexible to my school schedule, and I get paid a lot. The 8 is the only thing I really have to show for it, because everything else is either in savings or being
invested.
Someone earlier mentioned that anyone working at McDonald's while living at home could buy an 8. That's true, but there would be absolutely nothing left over, and I would never try to do that. I got extremely lucky, because I really enjoy my job, it is very flexible to my school schedule, and I get paid a lot. The 8 is the only thing I really have to show for it, because everything else is either in savings or being
invested.
Now that I'm 28 years old, I realize there's never "a lot" I will ever be making... More money the better.
04-19-2005, 02:38 PM
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If you're budgeted to live at home, do yourself a favor and pay off that car as fast as you possibly can. Money can easily seem like "a lot" when you're living at home, but once you move out you will be VERY surprised by how quickly it gets sucked up into a virtual black hole of expenses. Especially if you end up buying rather than renting. You don't want that car note hanging over your head while trying to get on your feet.
When I was in college I lived off a few thousand a year perfectly fine. Now I have a household income of 6-figures and have less disposable income than before. It's amazing how it works out that way.
When I was in college I lived off a few thousand a year perfectly fine. Now I have a household income of 6-figures and have less disposable income than before. It's amazing how it works out that way.
04-19-2005, 02:48 PM
#66
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Originally Posted by Sigma
If you're budgeted to live at home, do yourself a favor and pay off that car as fast as you possibly can. Money can easily seem like "a lot" when you're living at home, but once you move out you will be VERY surprised by how quickly it gets sucked up into a virtual black hole of expenses. Especially if you end up buying rather than renting. You don't want that car note hanging over your head while trying to get on your feet.
When I was in college I lived off a few thousand a year perfectly fine. Now I have a household income of 6-figures and have less disposable income than before. It's amazing how it works out that way.
When I was in college I lived off a few thousand a year perfectly fine. Now I have a household income of 6-figures and have less disposable income than before. It's amazing how it works out that way.
And you're right... a few grand a year went a long way at that age.
04-19-2005, 02:53 PM
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Originally Posted by Outlaws eXtreme
Just wondering, what's paid "a lot"? 5-6k a month after taxes?
Now that I'm 28 years old, I realize there's never "a lot" I will ever be making... More money the better.
Now that I'm 28 years old, I realize there's never "a lot" I will ever be making... More money the better.
04-19-2005, 03:31 PM
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Not to brag, but...
I am almost 24 years old. 2 years out of college with a year of a solid job. I don't make a lot for the area, but I feel stable. Yet, I can barely afford RX8. I will not disclose how much money I make, but after paying $440 in college loans, bills, rent in a prime Boston area, food, retirement, etc, I have about $2k leftover that I can spend on anything. This may sound like a lot, but it is not. Given the fact that our economy is volatile, I have to make sure that when crap hits the fan, I will be stable in terms of finances.
The biggest problem is that people always overestimate how much money they make and understimate the real price of a car (any car).
In my book, here is what you actually pay for when you buy a car:
1. Monthly payments.
2. Tax.
3. Gas.
4. Accessories, like winter tires, car cover, etc.
5. Depreciation.
With this in mind, I can only wonder how some people manage to live and pay off their cars. Unless you want to shop at Wal-Mart and eat at McDonald's, you really have to calculate all the expenses before you buy. Use your net income as a guide, not gross income
I am almost 24 years old. 2 years out of college with a year of a solid job. I don't make a lot for the area, but I feel stable. Yet, I can barely afford RX8. I will not disclose how much money I make, but after paying $440 in college loans, bills, rent in a prime Boston area, food, retirement, etc, I have about $2k leftover that I can spend on anything. This may sound like a lot, but it is not. Given the fact that our economy is volatile, I have to make sure that when crap hits the fan, I will be stable in terms of finances.
The biggest problem is that people always overestimate how much money they make and understimate the real price of a car (any car).
In my book, here is what you actually pay for when you buy a car:
1. Monthly payments.
2. Tax.
3. Gas.
4. Accessories, like winter tires, car cover, etc.
5. Depreciation.
With this in mind, I can only wonder how some people manage to live and pay off their cars. Unless you want to shop at Wal-Mart and eat at McDonald's, you really have to calculate all the expenses before you buy. Use your net income as a guide, not gross income
04-19-2005, 04:56 PM
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Originally Posted by Kewlb
Its not AS much as you may think.. $525 + $400 * 12 = only $11100 which is about 10% of my yearly earnings, but my earnings really vary.
I am a Managing Consultant for a computer networking firm (I am a CCIE -- will mean nothing to those not in the networking field.) I make $95,000/yr + bonuses that avg anywhere from 5K to 15K per year depending on performance and the hours I bill. I am currently 100% billable and last year I made 12,500 in bonuses.
I also own a company, along with a partner. The company is MDP Enterprises, LLC which owns and operates 45 poker related internet forums. This was started just last year with only one website. We now have 6 websites operational, but own the other 40 and are trying to find people to run them. We are pulling in about $3800 in profits per month from this venture. (if you want an example of one of these websites visit www.md-poker.com)
I also play poker online at least 3 nights a week and probably about 5 or so hours on weekends which also can bring in anywhere from $250 to $2000 per month depending on how I do in different tournaments and the cash games. If I am doing really poor I can always take a trip to AC and hit the $1/$2 NL tables and pick off tourists left and right.
needless to say I get raped on taxes
p.s. -- after reading this I sound a bit egotistical and really I am not. Sorry if I come off that way.
I am a Managing Consultant for a computer networking firm (I am a CCIE -- will mean nothing to those not in the networking field.) I make $95,000/yr + bonuses that avg anywhere from 5K to 15K per year depending on performance and the hours I bill. I am currently 100% billable and last year I made 12,500 in bonuses.
I also own a company, along with a partner. The company is MDP Enterprises, LLC which owns and operates 45 poker related internet forums. This was started just last year with only one website. We now have 6 websites operational, but own the other 40 and are trying to find people to run them. We are pulling in about $3800 in profits per month from this venture. (if you want an example of one of these websites visit www.md-poker.com)
I also play poker online at least 3 nights a week and probably about 5 or so hours on weekends which also can bring in anywhere from $250 to $2000 per month depending on how I do in different tournaments and the cash games. If I am doing really poor I can always take a trip to AC and hit the $1/$2 NL tables and pick off tourists left and right.
needless to say I get raped on taxes
p.s. -- after reading this I sound a bit egotistical and really I am not. Sorry if I come off that way.
BTW - I'll help in running your poker forums
04-19-2005, 05:05 PM
#71
Originally Posted by Outlaws eXtreme
Just because it's under your name, does not mean you paid for it Besides like Khtm said, you were 16, no way you could have bought the car by yourself. Nice try though...
Besides like Khtm said, you were 16, no way you could have bought the car by yourself. Nice try though...
04-19-2005, 05:10 PM
#72
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The point is that if your dad co-signs it that means it's not fully under your name & like you said "I can't return the car because then he would owe them the money". That sounds like it's not even been fully paid for yet!
04-19-2005, 05:12 PM
#73
2010 Prius - Miss the 8
Originally Posted by Horse
Sorry to burst your bubble guys but the title is in my name, my full and exact, me only name. The car was paid for in cash, well check, by me, and me only. I don't pay for my insurance but that's because my father owns an insurance company. Plus someone under the age of 18 can legally be responsible for themselves, ie. entering into a contract, if they take the right legal actions. But if you want to get technical my father did cosign, so I can't return the car because then he would owe them the money. But he has no legal control over the vehicle, only I do! Sorry fellas, "ain't that a kick in the head!"
04-19-2005, 05:26 PM
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Sorry to burst your bubble guys but the title is in my name, my full and exact, me only name. The car was paid for in cash, well check, by me, and me only. I don't pay for my insurance but that's because my father owns an insurance company. Plus someone under the age of 18 can legally be responsible for themselves, ie. entering into a contract, if they take the right legal actions. But if you want to get technical my father did cosign, so I can't return the car because then he would owe them the money. But he has no legal control over the vehicle, only I do! Sorry fellas, "ain't that a kick in the head!"
Getting the money from Daddy or Grandma or whomever to buy the car is no different than having them buy it for you.
04-19-2005, 06:25 PM
#75
2010 Prius - Miss the 8
Notice how grateful Horse sounds when he writes that HE paid for the car... as if all the money in that bank came just from him. I'm sure he'll try to write some tale about working at 3 jobs, saved up, etc etc.. but look at his car. He is claiming he bought the car completely at 16 years old, and still have money to modify it.
I wouldn't be jumping on his ego if he would have simply said.. "Hey, I got the car because my dad bought it for me.. or helped out, and I'm lucky... etc etc." Instead we get the message that he can do it all himself, and he takes full credit.
I wouldn't be jumping on his ego if he would have simply said.. "Hey, I got the car because my dad bought it for me.. or helped out, and I'm lucky... etc etc." Instead we get the message that he can do it all himself, and he takes full credit.