03 cobra or 03 mach
10-01-2007, 10:13 AM
#12
Banned
Join Date: Aug 2007
Location: AZ
Posts: 2,463
RE: 03 cobra or 03 mach
your 17. U have to consider if you will still be in the same financial situation in 5-6 years, as u r now. Because if u have a break in work, ur payments will still need to be paid, and if u start missin payments, you'll screw up ur credit, and get ur car repo'ed possibly. You're too young to make that decision right now. If i were u, i wouldnt get either, just because of ur age, and ur uncertain future.
10-01-2007, 11:50 AM
#16
2010 Blue Ball Award Recipient
Join Date: Dec 2004
Location: Eskimo Village, Indiana *No Igloo*
Posts: 7,907
RE: 03 cobra or 03 mach
If I were in your sitation, I'd hold onto that GT that you have right now for a year more or two.
If you're bringing in that kind of money, not during football season obviously, then save up. The payments on that GT can't be anywhere near what you're looking at for a Cobra unless you got rammed on that purchase however long ago it was.. lol..
Save up, wait till the summer before your sophmore year of college so you can see what you'll be making, how much you can work during school, and you'll have the money to make an even nicer downpayment on that car you're saving for.
I bought my GT the summer after my first year of college, but I'm not paying ANYWHERE near what you'd be paying monthly for a Termie, or a Mach for that matter.
Good luck though man, and as the guy above me has said before, don't rush into something on a whim. Think it out, don't get robbed by overpaying. Be patient. It's REALLY EASY to rush into a purchase, especially on something as fun as a car like that, but it shows alot of maturity to think it out and make a wise decision, not only that, but you'll thank yourself later.
If you're bringing in that kind of money, not during football season obviously, then save up. The payments on that GT can't be anywhere near what you're looking at for a Cobra unless you got rammed on that purchase however long ago it was.. lol..
Save up, wait till the summer before your sophmore year of college so you can see what you'll be making, how much you can work during school, and you'll have the money to make an even nicer downpayment on that car you're saving for.
I bought my GT the summer after my first year of college, but I'm not paying ANYWHERE near what you'd be paying monthly for a Termie, or a Mach for that matter.
Good luck though man, and as the guy above me has said before, don't rush into something on a whim. Think it out, don't get robbed by overpaying. Be patient. It's REALLY EASY to rush into a purchase, especially on something as fun as a car like that, but it shows alot of maturity to think it out and make a wise decision, not only that, but you'll thank yourself later.
10-01-2007, 08:00 PM
#19
1st Gear Member
Join Date: Mar 2007
Location:
Posts: 117
RE: 03 cobra or 03 mach
Well I think that if your dad is going to take care of the insurance than you can do it but your payments will be high if this your first loan because your credit history is the key and I dont know you but I make plenty of money and Im only 20 and I tried gettin a 04 Cobra when I was 18 and since I didnt have any credit history my intrest rate was sky high! If you are going to have a co signer then ou will be better off in the long run. If you know that the job that you have now is the one that ur going to stay with and nothing is going to happen then get it but the last thing you want to do at your age is mess up your credit that is the most important thing in your life way more than a car!! Good luck in whatever you choose and let me know what happens!
10-01-2007, 08:17 PM
#20
4th Gear Member
Thread Starter
Join Date: Sep 2006
Location: Charleston, South Carolina
Posts: 1,768
RE: 03 cobra or 03 mach
ORIGINAL: ZO6AINT****
Well I think that if your dad is going to take care of the insurance than you can do it but your payments will be high if this your first loan because your credit history is the key and I dont know you but I make plenty of money and Im only 20 and I tried gettin a 04 Cobra when I was 18 and since I didnt have any credit history my intrest rate was sky high! If you are going to have a co signer then ou will be better off in the long run. If you know that the job that you have now is the one that ur going to stay with and nothing is going to happen then get it but the last thing you want to do at your age is mess up your credit that is the most important thing in your life way more than a car!! Good luck in whatever you choose and let me know what happens!
Well I think that if your dad is going to take care of the insurance than you can do it but your payments will be high if this your first loan because your credit history is the key and I dont know you but I make plenty of money and Im only 20 and I tried gettin a 04 Cobra when I was 18 and since I didnt have any credit history my intrest rate was sky high! If you are going to have a co signer then ou will be better off in the long run. If you know that the job that you have now is the one that ur going to stay with and nothing is going to happen then get it but the last thing you want to do at your age is mess up your credit that is the most important thing in your life way more than a car!! Good luck in whatever you choose and let me know what happens!