JS + TL: Dilemma
08-18-2009, 07:01 PM
#1
I drive a Subata.
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JS + TL: Dilemma
Alright.. I had my TL for almost 4 years now. My parents bought this for me when I was in community college and it's 3-4 months away from fully paid off.
I got a stable job at this advertising firm right out of school. I save about 60% of the entire salary in the CD account. I still live with my parents (it's the korean thing
) but in reality, I live with my gf. I'm trying to save as much as possible when I don't have to pay rent like now. Hoping to buy a house by the time I possibly get married in couple years. I don't know why but I'd like to get married when I'm young.
For the last couple months, I've been constantly bothered by this thought of getting a new car. My TL, by the way, has been trouble-free for the entire time of my ownership. It gave me so many joyful moments and yes, it did saved my life couple times. I did modify it a little to have some fun and the look that I wanted to have. I just can't find anything that I don't like about this car.
But, I guess now I just want to own something more small, sporty, afforable, fun, stylish, and oh yes, a manual transmission. I'm 24 now and it just feels like this is the right timing in my life to get a small and sporty car that I always wanted. I can probably afford to purchase G37S coupe or 135i, but that's not what I want. I want something really cheap and fun to save money and have a blast at the same time. Like Honda Civic Si, VW GTI, Subaru WRX, Mazda MS3, Mini Cooper S or something like these.
It just seems like a crazy killer deal to get a fully loaded with navi Civic Si Sedan or Coupe for around just $20K!
It's a crazy little splendid car too!
Most of my friends think I'm stupid to "downgrade" when I'm not really downgrading in my honest opinion. I bought my TL because I speculated that I need a lot of spaces and 4 doors to haul some stuff and friends while attending my school. And TL really did a good job on that department. Now that I no longer need to haul stuff or give a ride to some of my school friends, I want something smaller and fun.
Sorry, I just rambled a lot. It's an unusually easy work day today.
Give me some good advise you guys. Maybe those of you "old" members can chime in and give me some wise recommendations.
I just feel like getting old or mature already.
I got a stable job at this advertising firm right out of school. I save about 60% of the entire salary in the CD account. I still live with my parents (it's the korean thing
) but in reality, I live with my gf. I'm trying to save as much as possible when I don't have to pay rent like now. Hoping to buy a house by the time I possibly get married in couple years. I don't know why but I'd like to get married when I'm young. For the last couple months, I've been constantly bothered by this thought of getting a new car. My TL, by the way, has been trouble-free for the entire time of my ownership. It gave me so many joyful moments and yes, it did saved my life couple times. I did modify it a little to have some fun and the look that I wanted to have. I just can't find anything that I don't like about this car.
But, I guess now I just want to own something more small, sporty, afforable, fun, stylish, and oh yes, a manual transmission. I'm 24 now and it just feels like this is the right timing in my life to get a small and sporty car that I always wanted. I can probably afford to purchase G37S coupe or 135i, but that's not what I want. I want something really cheap and fun to save money and have a blast at the same time. Like Honda Civic Si, VW GTI, Subaru WRX, Mazda MS3, Mini Cooper S or something like these.
It just seems like a crazy killer deal to get a fully loaded with navi Civic Si Sedan or Coupe for around just $20K!
It's a crazy little splendid car too!Most of my friends think I'm stupid to "downgrade" when I'm not really downgrading in my honest opinion. I bought my TL because I speculated that I need a lot of spaces and 4 doors to haul some stuff and friends while attending my school. And TL really did a good job on that department. Now that I no longer need to haul stuff or give a ride to some of my school friends, I want something smaller and fun.
Sorry, I just rambled a lot. It's an unusually easy work day today.
Give me some good advise you guys. Maybe those of you "old" members can chime in and give me some wise recommendations.
I just feel like getting old or mature already.
08-18-2009, 07:05 PM
#2
I drive a Subata.
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Wow, I didn't know it was that long. wtf
08-18-2009, 07:12 PM
#3
Drifting
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could you afford to get a second car? why not keep the TL for down the road and pick up something for fun. trust me, as a coupe owner with only one car, the idea at first seems great.. but you start wishing you had 4 doors sometimes.
if you can afford a second car, id say go for it. pick up something cheap fast and fun (which can be done for 10-15k depending on what your looking for) and call it a day. might I recommend a second gen mr2 turbo or even an s2k.
if you can afford a second car, id say go for it. pick up something cheap fast and fun (which can be done for 10-15k depending on what your looking for) and call it a day. might I recommend a second gen mr2 turbo or even an s2k.
08-18-2009, 07:12 PM
#4
No car payment > Car payment, especially when you're young.
A four year old car is not old, and it sounds like it's been trouble-free (lucky). It's simply a car ADHD mentally of most young people these days to feel like they always need something new or different.
The opposite side of the coin: It's your hard-earned money - spend it as you please. + You don't have any other real financial commitments at the moment, aside from your personal desire to purchase a home (which, IMO, is a better, sensible choice over the long-term/financially).
A four year old car is not old, and it sounds like it's been trouble-free (lucky). It's simply a car ADHD mentally of most young people these days to feel like they always need something new or different.
The opposite side of the coin: It's your hard-earned money - spend it as you please. + You don't have any other real financial commitments at the moment, aside from your personal desire to purchase a home (which, IMO, is a better, sensible choice over the long-term/financially).
08-18-2009, 07:17 PM
#5
could you afford to get a second car? why not keep the TL for down the road and pick up something for fun. trust me, as a coupe owner with only one car, the idea at first seems great.. but you start wishing you had 4 doors sometimes.
if you can afford a second car, id say go for it. pick up something cheap fast and fun (which can be done for 10-15k depending on what your looking for) and call it a day. might I recommend a second gen mr2 turbo or even an s2k.
if you can afford a second car, id say go for it. pick up something cheap fast and fun (which can be done for 10-15k depending on what your looking for) and call it a day. might I recommend a second gen mr2 turbo or even an s2k.
Again... House > Car
No Car Payment > Car payment or Cost of owning two cars
If you were older and had other financial responsibilities under control and well-established...That's one thing. But it just doesn't make sense when you're just starting to build good savings and have bigger financial responsibilities lined up in the near future -- house, wedding (he says), bills, etc.
08-18-2009, 07:18 PM
#7
Drifting
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^^ i agree with that as well. honestly, for 5k you can pick up something fun and enjoyable, an mx-5, 3 series vert, hell even some 70's vettes can be had for sub 10k now adays.
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08-18-2009, 07:19 PM
#8
Suzuka Master
Mini Cooper S or STI would be tits and still be able to seat 4 and have some cargo space. When I go to autocross, the Mazda 3s, Cooper S, and STIs look super tossable and fun. Props for having some fiscal sense and not trying to spring for an M3
08-18-2009, 07:21 PM
#10
I drive a Subata.
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S2K is out of question. I'm not short enough to fit in there. 
Even though I don't need much space, getting a 2-seater is just a no no option.
Even though I don't need much space, getting a 2-seater is just a no no option.
08-18-2009, 07:24 PM
#11
I drive a Subata.
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And I completely agree with Street Spirit, having two cars is a no no again. It just doesn't make any sense at this point in my life.
08-18-2009, 07:25 PM
#12
I drive a Subata.
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GTI is a great option right now as my friend just picked it up for $24K. It's a great all around car imo.
08-18-2009, 07:28 PM
#13
Drifting
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i dont agree with the GTI.. i actually dont like them at all, terrible reliability and just kind of disapointing in the long run when you end up putting 24k in it over the course of the next 6 years.
If your looking for something like it though... the mazdaspeed 3 is an awesome car. my cousin has one, 282 hp from the factory w/a 6 speed... its a dream to drive with lots of room to go up.
If your looking for something like it though... the mazdaspeed 3 is an awesome car. my cousin has one, 282 hp from the factory w/a 6 speed... its a dream to drive with lots of room to go up.
08-18-2009, 07:37 PM
#14
I drive a Subata.
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And yeah, I'm glad I'm not immature enough to just go ahead and get a brand new +$40K car right out of college. haha
and you should thank god you are still 19... I wish I can go back to that age so I can just drink and play with girls all day every day.
08-18-2009, 07:38 PM
#15
I say take your TL
Swap in a manual transmission. Swap in some decent supension components and rims/tires if you havent already and you will have a sporty enjoyable car thats paid for.
Swap in a manual transmission. Swap in some decent supension components and rims/tires if you havent already and you will have a sporty enjoyable car thats paid for.
08-18-2009, 07:41 PM
#16
I drive a Subata.
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i dont agree with the GTI.. i actually dont like them at all, terrible reliability and just kind of disapointing in the long run when you end up putting 24k in it over the course of the next 6 years.
If your looking for something like it though... the mazdaspeed 3 is an awesome car. my cousin has one, 282 hp from the factory w/a 6 speed... its a dream to drive with lots of room to go up.
If your looking for something like it though... the mazdaspeed 3 is an awesome car. my cousin has one, 282 hp from the factory w/a 6 speed... its a dream to drive with lots of room to go up.
08-18-2009, 07:45 PM
#17
Drifting
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eh.. trust me.. every car has pluses and minuses, but GTI one of the greatest little performers in the history. And yes, MS3 is an awesome car it is. It's insanely fast for the price. I'm going to test drive the new one within couple weeks. Oh yeah, the brand new one has this perma-smile front that is fun to look at too.
im jealous!
08-18-2009, 07:47 PM
#18
Senior Moderator
I feel you....I have the new car itch, too. I'm trying to abstain because my car is only 5.5 years old, but I can't help wanting something newer with more gadgets. My car has also been pretty trouble-free, so getting rid of it at this point doesn't make a whole lot of sense. Meh....
08-18-2009, 07:54 PM
#19
Suzuka Master
JS+TL, I think the first thing I would do despite having car ADHD myself, is that I would seriously consider keeping the TL. If I were you I would take that money for a car payment whatever it might be, and save it into a future car fund (that you'll be able to buy cash) or a house purchase later down the line. But if you must get something now, I would go for an R32 or a MS3.
08-18-2009, 11:22 PM
#20
05' AT SSM
Personally i would keep saving, if your car is in good condition, runs good and is paid off your good.
It seems like you want a new sportier car but don't need a new car.
I don't know how much cash you make or are willing to spend on top of selling the TL, but me personally wouldn't spend alot of cash on something i don't need.
Cars are an expensive hobby.
It seems like you want a new sportier car but don't need a new car.
I don't know how much cash you make or are willing to spend on top of selling the TL, but me personally wouldn't spend alot of cash on something i don't need.
Cars are an expensive hobby.
Last edited by KzooTL; 08-18-2009 at 11:25 PM.
08-19-2009, 02:08 AM
#21
We only live once, go for it!
I'll be passing my trouble-free Accord to my parents and having them help me on half of my next car... which will be a used MINI Cooper S if all goes well. I plan to mod it up and start autocrossing it, maybe even tracking it.
If you can afford it while still being able to save toward a home/wedding, why not go for it? If you don't do it now you might not be able to do it later when things have to go through the wife!
I'll be passing my trouble-free Accord to my parents and having them help me on half of my next car... which will be a used MINI Cooper S if all goes well. I plan to mod it up and start autocrossing it, maybe even tracking it.
If you can afford it while still being able to save toward a home/wedding, why not go for it? If you don't do it now you might not be able to do it later when things have to go through the wife!
08-19-2009, 08:19 AM
#24
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). I'm saving for the house.
08-19-2009, 08:36 AM
#25
Under construction
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I agree with what Street Spirit said, as well as this. In fact, I'm doing this for the second time right now. When I was 23, I paid off my old car and had the choice of keeping my apartment and getting a new car or keeping my old car and buying a house. I bought the house. I got a new car three years later (my 04 TL). Now the TL is paid for. I could stay where I am and get a new car, or I could get a new house and get another car a few years later (well, actually, the plan is cars ). I'm saving for the house.
). I'm saving for the house.
08-19-2009, 09:30 AM
#27
I was 24 when we bought our first house (25 when we closed b/c it took 9 months to build).
Keep your TL, save for the house. You have a nice car, it's been good to you, and you can still do some other little mods here and there to keep it "new" to you. Once you have a house and you're settled in, then you can start buying cars again.
Trust me, it may seem like you're giving up cars, but you're not. For about 2 years we had our cars (hers was a 1994 Camry and mine was an 02 TLS) and just kept them running strong.... but after a few years money settles down, you get better jobs (or promotions) and you start making more and more money. It wasn't long before we had 4 cars between the two of us and we could buy whatever we wanted (within reason). We decided against having that many cars, but we still have 3 (her A6, my FJ, and an extra truck we call our Home Depot truck) and I have a motorcycle. Oh, and I haven't had a car payment in about 5 years now... and even when we did it was minimal.
So just be patient. Build up your assets, save some money, get yourself into a good situation, and in a few years you will thank me
08-19-2009, 09:39 AM
#28
Moderator Alumnus
SS nailed it. Save the money up for a down payment on a house. I made the mistake of switching cars too many times and now struggling to save as much as i would like to. Once the house is bought and you have some cash burning a hole in your pocket then go for something fun.
The bigger the down payment on your house the better.
The bigger the down payment on your house the better.
08-19-2009, 09:42 AM
#29
i dont agree with the GTI.. i actually dont like them at all, terrible reliability and just kind of disapointing in the long run when you end up putting 24k in it over the course of the next 6 years.
08-19-2009, 09:44 AM
#30
Something I neglected to mention but is a really good point. Our first place we put down 20%, our second (current) place we put down ~38%. Getting that monthly number as low as possible is very important. I couldn't imagine paying some of the mortgages some of my neighbor's are paying b/c they put down 10% and did a 90/10 mortgage (which you can't do anymore, but still). I haven't been working since February and we are still able to cover our obligations and save and honestly, our lifestyle really hasn't changed. Couldn't do that if I was a slave to a mortgage (or any other debt for that matter)...
08-19-2009, 10:33 AM
#31
Senior Moderator
I dont bother giving financial advice on a car forum because 90% of the time, no one listens.
Anyways, buy some used mods and make the TL a better performer. See if that holds out your new-car-urge for a bit. You have a 3rd gen TL? Those are super nice, im sure some sway bars for starters would make things more interesting.
Anyways, buy some used mods and make the TL a better performer. See if that holds out your new-car-urge for a bit. You have a 3rd gen TL? Those are super nice, im sure some sway bars for starters would make things more interesting.
08-19-2009, 12:46 PM
#33
I drive a Subata.
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iTrader: (1)
JS+TL, I think the first thing I would do despite having car ADHD myself, is that I would seriously consider keeping the TL. If I were you I would take that money for a car payment whatever it might be, and save it into a future car fund (that you'll be able to buy cash) or a house purchase later down the line. But if you must get something now, I would go for an R32 or a MS3.
Personally i would keep saving, if your car is in good condition, runs good and is paid off your good.
It seems like you want a new sportier car but don't need a new car.
I don't know how much cash you make or are willing to spend on top of selling the TL, but me personally wouldn't spend alot of cash on something i don't need.
Cars are an expensive hobby.
It seems like you want a new sportier car but don't need a new car.
I don't know how much cash you make or are willing to spend on top of selling the TL, but me personally wouldn't spend alot of cash on something i don't need.
Cars are an expensive hobby.
We only live once, go for it!
I'll be passing my trouble-free Accord to my parents and having them help me on half of my next car... which will be a used MINI Cooper S if all goes well. I plan to mod it up and start autocrossing it, maybe even tracking it.
If you can afford it while still being able to save toward a home/wedding, why not go for it? If you don't do it now you might not be able to do it later when things have to go through the wife!
I'll be passing my trouble-free Accord to my parents and having them help me on half of my next car... which will be a used MINI Cooper S if all goes well. I plan to mod it up and start autocrossing it, maybe even tracking it.
If you can afford it while still being able to save toward a home/wedding, why not go for it? If you don't do it now you might not be able to do it later when things have to go through the wife!
MS3 is a beast!
I agree with what Street Spirit said, as well as this. In fact, I'm doing this for the second time right now. When I was 23, I paid off my old car and had the choice of keeping my apartment and getting a new car or keeping my old car and buying a house. I bought the house. I got a new car three years later (my 04 TL). Now the TL is paid for. I could stay where I am and get a new car, or I could get a new house and get another car a few years later (well, actually, the plan is cars ). I'm saving for the house.
). I'm saving for the house.I was 24 when we bought our first house (25 when we closed b/c it took 9 months to build).
Keep your TL, save for the house. You have a nice car, it's been good to you, and you can still do some other little mods here and there to keep it "new" to you. Once you have a house and you're settled in, then you can start buying cars again.
Trust me, it may seem like you're giving up cars, but you're not. For about 2 years we had our cars (hers was a 1994 Camry and mine was an 02 TLS) and just kept them running strong.... but after a few years money settles down, you get better jobs (or promotions) and you start making more and more money. It wasn't long before we had 4 cars between the two of us and we could buy whatever we wanted (within reason). We decided against having that many cars, but we still have 3 (her A6, my FJ, and an extra truck we call our Home Depot truck) and I have a motorcycle. Oh, and I haven't had a car payment in about 5 years now... and even when we did it was minimal.
So just be patient. Build up your assets, save some money, get yourself into a good situation, and in a few years you will thank me
SS nailed it. Save the money up for a down payment on a house. I made the mistake of switching cars too many times and now struggling to save as much as i would like to. Once the house is bought and you have some cash burning a hole in your pocket then go for something fun.
The bigger the down payment on your house the better.
The bigger the down payment on your house the better.
I dont bother giving financial advice on a car forum because 90% of the time, no one listens.
Anyways, buy some used mods and make the TL a better performer. See if that holds out your new-car-urge for a bit. You have a 3rd gen TL? Those are super nice, im sure some sway bars for starters would make things more interesting.
Anyways, buy some used mods and make the TL a better performer. See if that holds out your new-car-urge for a bit. You have a 3rd gen TL? Those are super nice, im sure some sway bars for starters would make things more interesting.
j/k, my car is already slightly modified.
Comptech RSB, AEM CAI, UR pulley, A-spec Suspension, A-spec Lip Kit, Stage-3 exhaust, Blacked out headlight with 6K low & fog, Switchbacks.. that's about it.
I think I'll just put in ATLP J-pipe and test pipe to just finish it off and keep the car..
Anyway, parents live pretty close to my work anyway. Everything will be fine if I don't date any white ladies which I won't do anyway.
but yeah, I'll just keep my TL and save money as much as I can.
08-19-2009, 01:34 PM
#35
I drive a Subata.
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^ your avatar 
08-19-2009, 01:45 PM
#36
Everyone that saying don't buy the car is correct. However, if you still have the itch, I'd go rent a sports car or exotic for a day. Trust me, it'll help you aspire for more than a civic SI.
08-19-2009, 01:50 PM
#38
I was 24 when we bought our first house (25 when we closed b/c it took 9 months to build).
Keep your TL, save for the house. You have a nice car, it's been good to you, and you can still do some other little mods here and there to keep it "new" to you. Once you have a house and you're settled in, then you can start buying cars again.
Trust me, it may seem like you're giving up cars, but you're not. For about 2 years we had our cars (hers was a 1994 Camry and mine was an 02 TLS) and just kept them running strong.... but after a few years money settles down, you get better jobs (or promotions) and you start making more and more money. It wasn't long before we had 4 cars between the two of us and we could buy whatever we wanted (within reason). We decided against having that many cars, but we still have 3 (her A6, my FJ, and an extra truck we call our Home Depot truck) and I have a motorcycle. Oh, and I haven't had a car payment in about 5 years now... and even when we did it was minimal.
So just be patient. Build up your assets, save some money, get yourself into a good situation, and in a few years you will thank me
Dont forget that if your TL is paid off it will help you in getting your mortgage as you will show that you have some collateral/equity (even though its a depreciating asset). If you purchase a new vehicle it will put your debt service ratio out of wack and at your age and in these economic times will make it very hard to qualify for a mortgage unless you have a lot down.
08-19-2009, 02:01 PM
#40
I drive a Subata.
Thread Starter
iTrader: (1)
Well said
Dont forget that if your TL is paid off it will help you in getting your mortgage as you will show that you have some collateral/equity (even though its a depreciating asset). If you purchase a new vehicle it will put your debt service ratio out of wack and at your age and in these economic times will make it very hard to qualify for a mortgage unless you have a lot down.
Dont forget that if your TL is paid off it will help you in getting your mortgage as you will show that you have some collateral/equity (even though its a depreciating asset). If you purchase a new vehicle it will put your debt service ratio out of wack and at your age and in these economic times will make it very hard to qualify for a mortgage unless you have a lot down.
Yeah, I think I'll just keep the TL. No car payment >>>> **