Quarter Life Crisis

Pho3nix said:
Get to work...:whistle:
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DigitalSoldier said:
This is the best advice!

The car will only lose its value and a piece of property is nice to have on your portfolio.
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Great advice and honestly why I brought this question to the forum because I already know what the reasonable decision is regarding the car but my heart isnt budging :(.
Looking at my current finances and a possible raise within the next 6 months I could by a reasonable property in a average area early next year without dipping into my provident fund (the money my parents have been saving for me since I was born). Want to succed of my own accord, will and strength.
 
Pho3nix said:
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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Every single review on the car is great, only minor complaint is the lack of torque but as a daily drive, it's not a real factor. The car has plenty more things going for it. I love my car, and have zero regrets.

I'm pretty sure you could swindle a discount from the dealership, I see it on a lot of new car purchases. The worst that they can do is say now, and in that case, you can visit another dealer. They won't want to lose a sale :)
 
abzo said:
Aren't you the ****er that crashed your friend's bike? Cheap **** don't wanna fix someone's damaged property but you wanna buy a brand new sports car for yourself? GTFO.

http://mybroadband.co.za/vb/showpost.php?p=8480733
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Only abzo.. I asked for advice. I didn't not pay for the bike. I did. All R8723.22 that was quoted for original repairs. Good catch tho.
 
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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Pho3nix said:
I hear you.. If I save like crazy I'd be able to get it in a year or two aswell.
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Pho3nix said:
Great advice and honestly why I brought this question to the forum because I already know what the reasonable decision is regarding the car but my heart isnt budging :(.
Looking at my current finances and a possible raise within the next 6 months I could by a reasonable property in a average area early next year without dipping into my provident fund (the money my parents have been saving for me since I was born). Want to succed of my own accord, will and strength.
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Pho3nix said:
Only abzo.. I asked for advice. I didn't not pay for the bike. I did. All R8723.22 that was quoted for original repairs. Good catch tho.
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SO WTF kinda of a job are you doing? 21 and looking at this? With a 4k buffer for parties afterwards? I've been it all wrong apparently.
 
Geriatrix said:
Like...?
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RWD, LSD, big brakes kit, and it will handle like a demon. I can't see anything else out there that could give you the same driving experience, for that price (new).

You are welcome to list some examples.
 
Masataka said:
RWD, LSD, big brakes kit, and it will handle like a demon. I can't see anything else out there that could give you the same driving experience, for that price (new).

You are welcome to list some examples.
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Well, not new. But there's that little value drop new-car buyers experience when they step out of the show room. RWD, LSD? Meh. I'd rather take a secondhand, 6 months old jobby with a turbo or two. :D I know I swore off Audi, but you'd probably get a nice A3 2.0T for around R300k, with still 4 years Freeway plan to spare. A year more than Toyota AFAIK and you won't pay for any services. Barring that you'd maybe even get a BMW or Subaru.
 
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All I can say about this is - 21 year old + RWD = Trouble.

I know it's hard to think with your head, you're young, carefree and want to go fast - Just like me.

But 5 - 10 -15 years, hell for the rest of your life you will not regret it if you invest into property.

I'm in the same boat as you, I'm young earning a great salary with a secure job. I'd love to go out and buy something newer and faster, but I'm thinking of my future. I am currently renting but hoping to buy within the next year.

Move out first and then see what you are left with. It's a bit of a shock when you realise just how expensive living on your own can be.
 
Geriatrix said:
Well, not new. But there's that little value drop new-car buyers experience when they step out of the show room. RWD, LSD? Meh. I'd rather take a secondhand, 6 months old jobby with a turbo or two. :D I know I swore off Audi, but you'd probably get a nice A3 2.0T for around R300k, with still 4 years Freeway plan to spare. A year more than Toyota AFAIK and you won't pay for any services. Barring that you'd maybe even get a BMW or Subaru.
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Completely agree with you on that. If I was going to spend 300k on a car, I'd buy a BMW 135i or 335i (maybe 2-4 years left on the motor plan, including extensions), although there are plenty of other good options out there for the same kind of money, as you mentioned, an almost new A3.

But in the world of new car buying, it's hard to find something better for the same kind of money. I just prefer the more powerful engines :)
 
Pho3nix said:
Was going to put it in my dad's name as he'd be driving it Monday to Thursday but on the weekend its all mine :D
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I'd suggest jumping on the ph & getting some insurance quotes for however you intend to cover it,that car is bound to be "sports" rated & your age - I don't think its going to be pretty - Might just knock you out of fantasyland & into reality.
 
Tun@ said:
I'd suggest jumping on the ph & getting some insurance quotes for however you intend to cover it,that car is bound to be "sports" rated & your age - I don't think its going to be pretty - Might just knock you out of fantasyland & into reality.
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as he said earlier, he's going to get daddy to cover the insurance aspect :rolleyes:
 
Tun@ said:
I'd suggest jumping on the ph & getting some insurance quotes for however you intend to cover it,that car is bound to be "sports" rated & your age - I don't think its going to be pretty - Might just knock you out of fantasyland & into reality.
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I can guarantee that the quotes will be well over 2k, and that's for the places that will insure a performance car for someone under 25. You also cannot get around this by registering it under a family member if you are financing the car - you can insure it under a family members name, but you still need to be set as the primary driver.

The quotes that I got were ridiculous. The best insurance advise is to go through a broker, then will arrange a significant discount.
 
Masataka said:
I can guarantee that the quotes will be well over 2k, and that's for the places that will insure a performance car for someone under 25. You also cannot get around this by registering it under a family member if you are financing the car - you can insure it under a family members name, but you still need to be set as the primary driver.

The quotes that I got were ridiculous. The best insurance advise is to go through a broker, then will arrange a significant discount.
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Back when I got my first 2.0l car (Which counts as a sports car by the insurers' books) most wouldn't help you out at all if you're under 25, even if it was to be registered under my dad's name with me as the primary driver. You're going to be paying over R3k, probably close to R4k to insure that thing. It's basically just outside of your ballpark unless you're very, very wealthy.
 
Messugga said:
Back when I got my first 2.0l car (Which counts as a sports car by the insurers' books) most wouldn't help you out at all if you're under 25, even if it was to be registered under my dad's name with me as the primary driver. You're going to be paying over R3k, probably close to R4k to insure that thing. It's basically just outside of your ballpark unless you're very, very wealthy.
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I had the same issue, the places that would quote me were throwing out figures just under 2k. A friend referred me to a broker and I got comprehensive through Mutual and Federal for around 650. The likes of Outsurance, Dial Direct, Budget, etc are useless anyway.
 
Messugga said:
Back when I got my first 2.0l car (Which counts as a sports car by the insurers' books) most wouldn't help you out at all if you're under 25, even if it was to be registered under my dad's name with me as the primary driver. You're going to be paying over R3k, probably close to R4k to insure that thing. It's basically just outside of your ballpark unless you're very, very wealthy.
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When I bought my 118i I was 23, guys quoted me in excess of 2k for a car I don't really consider a sports car. Anyway, dad helped me out and we insured it on his portfolio with his no claim bonus and other benefits, with me as the primary driver\owner, came in at R950 a month.
 
Don't buy the car. Buy a house or a flat. Then buy another one. When you have recovered from that, then you might consider a car, there will be something even better available
 
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