Quarter Life Crisis

Pho3nix

Pho3nix

The Legend
Joined
Jul 31, 2009
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Hi guys :)

Need some one to knock some sense into me and myBB never dissappoints. I'm 21:o, still living at home while I look for a place and drive a '95 Toyota Corrolla.
Background.. I'm working, studying, me and the SO arent on the greatest terms aswell as I work to much and she feels we aren't equal as even though we are the same age but I'm doing all this and she's a student :confused: Geez..
and for the most part this is where most of my time goes and I need a release of sorts..

Here comes in the Toyota GT86 :love:
2550ygh.jpg


And I want it !!!! Geez, I'm a bit of an impulse buyer but I can reasonably afford it if I settle some minor debt (1 clothing account at R500 bucks) and cut back on some things. It would also mean I would push my "move out" date six months to cover the amount I'd be taking out of my savings to act as a deposit.

Now here's my reasoning.. I'm young and no family or my own yet..If not now when do I get to do something this crazy.

Thoughts?
 
All depends on your income.. but from what I gather it'll be tight fit into your budget.

So it's a brain vs heart decision, only you can win that struggle :p

Edit: I would highly suggest wait until you've moved out - the cost of living out of home is way more than you'd think.
 
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21 driving that? Your insurer is gonna give you a blow job for sure

oh, and dump the SO
 
Pho3nix said:
If not now when do I get to do something this crazy.

Thoughts?
Click to expand...

Patience buddy. If you wait until you've EARNED to drive that thing then the satisfaction will be way sweeter. I'm saving up for a BMW 120d coupe, and in a year or 2 when I have enough I'm gonna buy that thing cash and not worry about a damn thing.
 
Pho3nix said:
And I want it !!!! Geez, I'm a bit of an impulse buyer but I can reasonably afford it if I settle some minor debt (1 clothing account at R500 bucks) and cut back on some things.
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That's all it takes to afford a R300k car, to settle a R500 clothing account? I knew I've been doing things wrong :(
 
Lmao, buying the car with my current expenses would still leave me with a okish R4k buffer to go out and party etc (which I dont do lol)
 
BLIXEMPIE said:
Patience buddy. If you wait until you've EARNED to drive that thing then the satisfaction will be way sweeter. I'm saving up for a BMW 120d coupe, and in a year or 2 when I have enough I'm gonna buy that thing cash and not worry about a damn thing.
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I hear you.. If I save like crazy I'd be able to get it in a year or two aswell.
 
Pho3nix said:
Lmao, buying the car with my current expenses would still leave me with a okish R4k buffer to go out and party etc (which I dont do lol)
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Yeah but you'll still be living at home with your parents. You're young, I'd start getting into property if I were you, especially with the interest rates due to come down. And you'll have your own place to bring girls back to.
 
Mike Hoxbig said:
Yeah but you'll still be living at home with your parents. You're young, I'd start getting into property if I were you, especially with the interest rates due to come down. And you'll have your own place to bring girls back to.
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This is the best advice!

The car will only lose its value and a piece of property is nice to have on your portfolio.
 
My only two concerns at the end of the day would be, how much will I still have in terms of savings, how much money will I be left with after expenses i.e. car finance, insurance (medical and car), rent/bond payments, sundries, possible future expenses etc.

If you have a couple grand left at the end of each month, then you could do it. Know that the car should cost you nothing in maintenance due to the service plan and warranty (not clued up on Toyota's plans), so you're really only buying fuel and tyres (eventually). Maybe look out for a demo model, there isn't much to spec on the car, it comes with all the extras.

I was in the same situation as you not to long ago. The smart choice would be to buy it cash, but hell, the first day that I set my eyes on my car, it was buy buy buy. If you enjoy driving, then a car isn't just a bit of transport sitting in your driveway, it's rear-wheel driving happiness that comes with a small monthly fee.

Geriatrix said:
That's a R300K car without a turbo, dude. You can do better.
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That car has so many other things going for it. You couldn't find a better new car for the same money.
 
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Masataka said:
My only two concerns at the end of the day would be, how much will I still have in terms of savings, how much money will I be left with after expenses i.e. car finance, insurance (medical and car), rent/bond payments, sundries, possible future expenses etc.

If you have a couple grand left at the end of each month, then you could do it. Know that the car should cost you nothing in maintenance due to the service plan and warranty (not clued up on Toyota's plans), so you're really only buying fuel and tyres (eventually). Maybe look out for a demo model, there isn't much to spec on the car, it comes with all the extras.

I was in the same situation as you not to long ago. The smart choice would be to buy it cash, but hell, the first day that I set my eyes on my car, it was buy buy buy. If you enjoy driving, then a car isn't just a bit of transport sitting in your driveway, it's rear-wheel driving happiness that comes with a small monthly fee.



That car has so many other things going for it. You couldn't find a better new car for the same money.
Click to expand...

This is what it is for the most part. Driving is a great joy in my life and I can just see myself on the highway going nowhere but at peace :) Car does have a service plan and all I'd be paying extra would be the insurance, tyres and petrol. Savings have been accounted for in my "budget" and I could honestly afford it.

Was thinking about getting a demo but my issue with that is driving a sports car second hand feels kinda offish to me as I dont know how the previous driver handled it.
 
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