Having second thoughts....
Thread Starter
Instructor
Joined: Nov 2004
Posts: 820
Likes: 0
From: Florida
Having second thoughts....
Well, I was approved today for an 07' gs350 for $500 over invoice with no money down.The total price was $47.5 give or take.I am just sitting here at my desk, really asking myself, if I should pull the trigger??Honestly, I really don't know what to do.I am really asking myself if $900 a month for 5 years, for a car is a smart move...
Pole Position
Joined: Jul 2006
Posts: 256
Likes: 0
From: KS
IMO, it all comes down to can you afford (it's all about disposable income). These cars arn't cheap, and I've always felt that a car is simply a means of transportation. However, with that said, I love my GS and because I can afford it I'm really enjoying it.
Good luck with your decision.
Good luck with your decision.
Lexus Test Driver
Joined: Oct 2006
Posts: 1,201
Likes: 0
From: Colorado
there's no rush is there to get a car right? If this is the case, wait, don't stress, save some $$$$, then put it as a down payment, or just do nothing down at the time of purchase but then you have the few grand you saved over the past months to help with the 900/month payment starting at time of purchase, but at this time, you now onlyhave to have a 600/month payment, if you pull that 300/month from what you saved. Maybe that will be a little better for the stress ease?
Make a smart decision what ever it is, it's just a car, and NOT something you should ever stress about. It's not worth it.
Make a smart decision what ever it is, it's just a car, and NOT something you should ever stress about. It's not worth it.
Lexus Test Driver
Joined: Jan 2007
Posts: 824
Likes: 0
From: VA
The bottom line is that everyone is different. You should do what feels right to YOU.
Driver
Joined: Dec 2002
Posts: 124
Likes: 0
From: NY
Honestly, if I were you I would take a look at your overall financial situation and try and figure out a monthly budget of your income and expenses.
IMO you want to make sure you dont over extend yourself and that you still have some money lying around for a rainy day or for any unexpected change in circumstances (lose a job, marriage, kids, etc), especially if you are looking at 5 years down the road.
Granted, buying a car (especially as one as nice as the GS) can be an emotional decision. But, I think you want to weigh part of that emotion and excitement for the car with some sort of economic reality.
IMO you want to make sure you dont over extend yourself and that you still have some money lying around for a rainy day or for any unexpected change in circumstances (lose a job, marriage, kids, etc), especially if you are looking at 5 years down the road.
Granted, buying a car (especially as one as nice as the GS) can be an emotional decision. But, I think you want to weigh part of that emotion and excitement for the car with some sort of economic reality.
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buy it used. if you have second thoughts on a car payment, you can always bail and resell the car. buying it new will guarantee you'll be upside down if you decide to sell the car soon after purchasing it.
Pole Position
Joined: Jul 2006
Posts: 209
Likes: 4
From: CA
I really don't think you can pick up a used GS350 for less than 44K. I bought mine last September and I'm loving every bit of the last 6 months with my baby.
YOU GOTTA "PAY TO PLAY" and you only live once.
YOU GOTTA "PAY TO PLAY" and you only live once.
Thread Starter
Instructor
Joined: Nov 2004
Posts: 820
Likes: 0
From: Florida
I have some cash laying around but it was for wheels and suspension.I really don't see the benefit of putting a big down payment down.I am really just thinking of pulling the trigger or not.I'd have enough money left over each month but I don't know.
Lexus Test Driver
Joined: Oct 2006
Posts: 1,201
Likes: 0
From: Colorado
it's just a car man.. no matter what car, it's just a car, the bugatti I would like, is still just a car a very expensive 1.5 mill, but still just a car. flip a coin and go with it, not looking back.
