Captain Hindsight Posted September 1, 2012 Share Posted September 1, 2012 My 13 year old car was due for an inspection last month so I took it in. Not good news, looking at 2300 bucks at least to get it to pass inspection, plus brakes, a few belts and rotars were getting near the end of their life. Called my financial advisor/father and we decided it was best to get a new one. So I drove home today went to the car dealer and got myself a new silver Toyota Corolla Got a good deal on it too and got 2500 for my old car plus the college graduate discount (2 grand) I feel like a big kid now Link to comment Share on other sites More sharing options...
Nanker Posted September 1, 2012 Share Posted September 1, 2012 Well, congratulations on your first pair of big boy pants! Enjoy the smell of your new car. It's intoxicating and one that you should revel in. Also, try to get laid in it. You'll never forget it. Cheers! Link to comment Share on other sites More sharing options...
Just Jack Posted September 1, 2012 Share Posted September 1, 2012 If it's a lease, resist the urge to drive anywhere and everywhere. Those miles add up quick. Don't be like a former boss of mine who had to park his car 2 months before the lease ran out so he wouldn't go over the mileage allowence. Link to comment Share on other sites More sharing options...
/dev/null Posted September 1, 2012 Share Posted September 1, 2012 Gratz Why did you lease instead of buy? Link to comment Share on other sites More sharing options...
Captain Hindsight Posted September 1, 2012 Author Share Posted September 1, 2012 Gratz Why did you lease instead of buy? Because Im an intern preparing to start grad school My father thought it was a better decison for right now too. Since he is my banker at the moment, i tend to fallow his advice If it's a lease, resist the urge to drive anywhere and everywhere. Those miles add up quick. Don't be like a former boss of mine who had to park his car 2 months before the lease ran out so he wouldn't go over the mileage allowence. Im going to be careful. I figure ill do the same thing i do with my money, always have in my head that i have 100 bucks less than I actually do. Its a great way to not overspend actually Link to comment Share on other sites More sharing options...
/dev/null Posted September 1, 2012 Share Posted September 1, 2012 My father thought it was a better decison for right now too. Since he is my banker at the moment, i tend to fallow his advice Just curious. And I totally understand your Dad as your banker. I was in the same situation when I got my first car. Except I had enough money in the bank to buy the car but my Dad had me sign up for a car loan to establish credit. He made sure I wrote the check out myself every month so that I got used to the concept of monthly bills. After 6 months or so I he told me to drive him to the bank where I paid off the loan. Is the lease in your name alone or jointly with a parent? If it's yours alone, you've taken an important step in establishing credit. Just be sure you don't miss or are late on any payments Im going to be careful. I figure ill do the same thing i do with my money, always have in my head that i have 100 bucks less than I actually do. Its a great way to not overspend actually Another way to not overspend is to learn delayed gratification. If you see something you want to buy, don't buy it right away. Wait a couple days or a week. Then check your bank account to be sure you have enough money. Then wait another day or two and ask yourself if you still want the item that you've lived a week without Link to comment Share on other sites More sharing options...
Captain Hindsight Posted September 1, 2012 Author Share Posted September 1, 2012 Just curious. And I totally understand your Dad as your banker. I was in the same situation when I got my first car. Except I had enough money in the bank to buy the car but my Dad had me sign up for a car loan to establish credit. He made sure I wrote the check out myself every month so that I got used to the concept of monthly bills. After 6 months or so I he told me to drive him to the bank where I paid off the loan. Is the lease in your name alone or jointly with a parent? If it's yours alone, you've taken an important step in establishing credit. Just be sure you don't miss or are late on any payments Another way to not overspend is to learn delayed gratification. If you see something you want to buy, don't buy it right away. Wait a couple days or a week. Then check your bank account to be sure you have enough money. Then wait another day or two and ask yourself if you still want the item that you've lived a week without As of right now I'm listed as the "buyer". The only way my Dad would join the lease was if he needed to be on it so I got all his car insurance benefits. (We have 5 cars so hes got all sorts of perks on there) I do that delayed gratification alot. Its a real good test of your self control too haha Link to comment Share on other sites More sharing options...
spartacus Posted September 2, 2012 Share Posted September 2, 2012 As of right now I'm listed as the "buyer". The only way my Dad would join the lease was if he needed to be on it so I got all his car insurance benefits. (We have 5 cars so hes got all sorts of perks on there) I do that delayed gratification alot. Its a real good test of your self control too haha tell your dad he is nuts to have any of his kids on his car insurance irresponsible kids and the related pending liability from stupid acts should be on their own Link to comment Share on other sites More sharing options...
McBeane Posted September 2, 2012 Share Posted September 2, 2012 tell your dad he is nuts to have any of his kids on his car insurance irresponsible kids and the related pending liability from stupid acts should be on their own Not all kids are irresponsible and are a pending liability for stupid acts Link to comment Share on other sites More sharing options...
BillsFanM.D. Posted September 4, 2012 Share Posted September 4, 2012 I feel like a big kid now Congrats. Sounds like you're 'cousin' may have guided you a bit here as well. Enjoy! Link to comment Share on other sites More sharing options...
SageAgainstTheMachine Posted September 4, 2012 Share Posted September 4, 2012 Well, congratulations on your first pair of big boy pants! Enjoy the smell of your new car. It's intoxicating and one that you should revel in. Also, try to get laid in it. You'll never forget it. Cheers! Just don't do these things in reverse order. Or maybe...hmm. I'm torn. Link to comment Share on other sites More sharing options...
Captain Hindsight Posted September 6, 2012 Author Share Posted September 6, 2012 After a semi heated debate today at the dealership and my financial advisors realization they were trying to screw this 24 year old kid, I now have a 3 year lease, for $104.38 a month. Pretty much like stealing actually Link to comment Share on other sites More sharing options...
BuffaloBill Posted September 6, 2012 Share Posted September 6, 2012 After a semi heated debate today at the dealership and my financial advisors realization they were trying to screw this 24 year old kid, I now have a 3 year lease, for $104.38 a month. Pretty much like stealing actually Have fun... Link to comment Share on other sites More sharing options...
Fezmid Posted September 6, 2012 Share Posted September 6, 2012 After a semi heated debate today at the dealership and my financial advisors realization they were trying to screw this 24 year old kid Don't take this the wrong way, but at 24, shouldn't you be able to figure that out yourself...? Since you post here, I assume you know how to use the Internet and can research what you should be paying for a car, no? Link to comment Share on other sites More sharing options...
Dante Posted September 6, 2012 Share Posted September 6, 2012 (edited) After a semi heated debate today at the dealership and my financial advisors realization they were trying to screw this 24 year old kid, I now have a 3 year lease, for $104.38 a month. Pretty much like stealing actually That's cheap driving. Good job! Edited September 6, 2012 by Dante Link to comment Share on other sites More sharing options...
Captain Hindsight Posted September 6, 2012 Author Share Posted September 6, 2012 Don't take this the wrong way, but at 24, shouldn't you be able to figure that out yourself...? Since you post here, I assume you know how to use the Internet and can research what you should be paying for a car, no? I had an idea of what i was doing, but I have zero credit right now so I needed my parents. I trust them to do whats best for me. The same deal was set for my brother and sister Link to comment Share on other sites More sharing options...
Beerball Posted September 6, 2012 Share Posted September 6, 2012 tell your dad he is nuts to have any of his kids on his car insurance irresponsible kids and the related pending liability from stupid acts should be on their own Thanks, this just proves it for me. I had an idea of what i was doing, but I have zero credit right now so I needed my parents. I trust them to do whats best for me. The same deal was set for my brother and sister And you'll do the same for your kids someday. Link to comment Share on other sites More sharing options...
DC Tom Posted September 6, 2012 Share Posted September 6, 2012 After a semi heated debate today at the dealership and my financial advisors realization they were trying to screw this 24 year old kid, I now have a 3 year lease, for $104.38 a month. Pretty much like stealing actually When a 24-year old who's leasing a new Corrola for the first time talks about his "financial advisors" (plural)...I hear "frat buddies." Link to comment Share on other sites More sharing options...
Fezmid Posted September 6, 2012 Share Posted September 6, 2012 I had an idea of what i was doing, but I have zero credit right now so I needed my parents. I trust them to do whats best for me. The same deal was set for my brother and sister When I was 24, I went out and bought my own car... And did my own research... And got my own loan... I would never have dreamed about asking my parents to help me with that. Then again, my parents don't have the best track record when it comes to cars -- Pinto, Chevette, some crappy Kia thing... Link to comment Share on other sites More sharing options...
Fan in San Diego Posted September 6, 2012 Share Posted September 6, 2012 My Dad's car advice and financial help was to get a job and pay for it yourself. Which I did. I paid cash for my first car. Link to comment Share on other sites More sharing options...
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