My 350z got totaled =(

czirrfb

Do you guys think its not worth it with 10%APR?

Should I just save $ and take the bus or something for a while? I did some math...

Payments+insurance+gas is gonna cost me about $700 per month for this specific car. And that came out to around almost $9,000 per year and with the APR so high in a year I will have only paid like 4-5k to the 23k loan at which point I could try and refinance and get a lower APR.

I dunno if its worth it, but im in love with the car....

I make about $2,300 per month. I have the following bills....
Rent - My half - $450
Dental - $150 (almost paid off only owe $1,200)
COX - $60
APS - My half - $50

If I was to get this car it would add an additional $700+ per month. Not including any mods or mechanical things I might have to do to the vehicle.

According to KBB the current "Trade in Value" for this specific vehicle with the miles is around $21k

Jordo!

10% APR is not very good -- heal, make sure your medical bills are going to be covered and shop around.

As to what you or anyone can afford... realistically, you probably want to shoot for the newest most reliable car you can find where the total cost/value of the car is considerably less than your yearly income after taxes (I don't know if you are noting take home or not -- none of my business either way), not merely whether the monthly payments are theoretically manageable...

Anyway, all that said, I don't know if a 370Z is going to be that car or not.

Either way, make sure your next car something you can afford, especially if you will be looking at a higher insurance rate. Also, keep in mind if anything should change in your employment situation (not uncommon these days), you don't want to lose the car.

I think, continue to shop around. If you find a car you can afford, secure financing in advance from your bank (or a credit union -- they tend to be a little more easy going on their profit margins), and walk in completely certain (or at least as certain as you can be) of where you stand on wheeling and dealing (there's other threads with good advice on this).

Also, if you are looking at used cars -- look for private sellers. Car dealerships are for brand new cars.

Good luck!

__________________
Enjoy it. Destroy it.

czirrfb

I really am digging the new Mustang, even the "low end" 4 banger version has 313hp thats impressive, its the first mustang ive seen in a long time I think actually looks good.