Correct under the ideal scenario, however what I think he is implying is that if he defaulted(which is high risk) his parent would share the debt or consequence due to the parents name on either the insurance or note for lower rate purposes. If im wrong shoot me down. Anyway the guy has a plan and he sounds confident so none of this even matters anymore so wish him luck.

OP- Best of luck.

To the rest of you guys, I wana give ya'll props for not flaming the guy. Everyone gave him real solid advice. I wish I could +1 everybody in this thread.

You sure can it's easy, just takes awhile haha

OP I'm in the EXACT same position as you... currently living just north of Toronto, 20 years old and just about to graduate and begin a pretty nice full-time job that pays pretty well. I est. I'll be netting at least $3000/mo. after taxes in income.

I'm currently debating whether to move out or not my first year after graduating... but I've calculated that owning a 370z each month will cost about $1500, incl. gas an insurance, and that's assuming I'm putting $7000 down, the car being approx. $850/mo.

This is an awesome thread and I've definitely learned a lot from reading everyones input... and by having over $1000 to play with each month... I think I might decide to buy this time... but ONLY because I'm extremely passionate cars and the whole modifying scene in general, hence why I'm sacrificing any potential of saving for the next few years with this car.

But to divert a bit OT... I'm curious as to the regular maintenance cost of a 370z? Typical problems you face with the car in general? To avoid diverting the thread anybody with this info can pm me. Thanks!

what kinda loan term are you looking at?

60 months

Thanks alot everyone

Plan: Put down 20k down payement, pay the rest monthly. I honestly just want the car, i dont care about the rest :) Im young, going to live life to the fullest

850/month @ 60 months is pretty freakin high. what about your interest rate?
unless your buying a touring roadster in black cherry fully loaded

He has 0 down payement tho, im putting down 20 k

props to you. u'll love the car, best of luck to you in the future. If i ever manage to find some time maybe we can go for a drive. pretty busy tho. we'll see in the future.

It's a base M6 model w/ sport pkg and in blue... comes to $52,000 after taxes and fees, w/ $7000 down it amounts to that amount roughly. I believe its a 4% interest rate. Nothing's finalized though that's just what the website quoted me.

I plan on putting $7000 down and that's the amount it gave me... maybe I'll wait a bit longer and save to put $10000 down.

Keep it and put good all season or snow tyres on it.
Having a 370Z as your only car is going to be tough when Ontario winter arrives.

+1
Based on some of your previous posts and pics of things you like, you're gonna need extra cash for mods and maintenance. Heck, I've spent approximately $2700 on mods since I bought the car 3 months ago. Expect as set of tyres to cost around $1000+ plus mounting and balancing when it comes time to replace them.
In addition to the monthly payment and insurance, it costs me around $175-200 a month for premium gas to drive my Z, and I have satellite radio and traffic updates for about $15 a month.

I found myself asking a similar question when I was considering a Porsche Cayman S. My wife and I are super dinks living in an area with a very low cost of living, but at the end of the day, the Z made much more sense because it kept all the numbers in the "comfortable" range, leaving extra play money for the other things in life we enjoy when we're not driving our cars.
Consider that when you're deciding on whether or not to commit a large percentage of your income to a car.

(USD used in figures above)

Do you think if I had a dedicated set of winter tires it would be fine driving it in the winter? I have a BMW rear-wheel drive in my family that has a dedicated set of winters and it works fine... could I expect similar results in a 370?

haha sounds exactly like my car. i forgot that you were using CA.D the price seems ok then.
the 370 apparently does pretty well with snow tires on, based of ak's thread so if you would like to go that route you could. but i personally have my civic to get me to work and back, and any errands that i run. the z is strictly for driving pleasure :D

Did you get a car yet?