P5 owners, age check-how old are you?

[cbcbd]

Hi, how do 17 - 24 ( give or take) year olds afford this car? When I was that age, I drove a beat up MG! By the way, I've just turned 40!

With a full time job, some savings for down payment, and financing it is possible.

 

[chuyler1]

...Provided you live at home and get your parents to co-sign

 

[Padanky]

Hell, I'm 25. And I pay double payments.
I have a Two bedroom apt. all pimped out! 51" Sony Widescreen, Surround Sound. Everything anyone would love to have. Sitting next to my Computer is a 36" TV, I use it for the PS2. Everything is payed for!

Oh and look at my list of Mods.

Buying my P5 all on my own, no co-signer.

 

[mctoone]

And what do you do for a living??

 

[Padanky]

And what do you do for a living??

Bodyman at a local Bodyshop

 

[Padanky]

And what do you do for a living??

Here is my other car I've had it for 7 yrs (My first car) needed a new project! I still have it.
The P5 is my first new car. I didn't expect my car payment to be so low, or I would of probly got a MSP.

My payment is $288 a month

 

[mctoone]

WOW...I think cars in the States are cheaper than here in Canada
A new P5 with moonroof and automatic runs at $23,500 CAD. Right now they are offering a deal of 0% financing over 48 months. Still I would be paying over $500.00 per month..I chose to lease instead.

 

[Padanky]

WOW...I think cars in the States are cheaper than here in Canada
A new P5 with moonroof and automatic runs at $23,500 CAD. Right now they are offering a deal of 0% financing over 48 months. Still I would be paying over $500.00 per month..I chose to lease instead.

Mines a base model $17,100
I got 3.9% Financing
I put $3000 dn

$288 and some change, a month. W/ extended warranty

Insurance on the two cars is $230

 

[Dad]

I'm number 19 on the over 40 crowd.

I'm in Norton, MA and I picked up my P5 a week after the Foxboro meet or I woulda been representin'.

 

[mctoone]

Well 17100 converts to 24,000 CAD so maybe your cars are a little more expensive. I pay $980 per year for business insurance which is around $697 US.. Suffice to say that $ 17,100 US is a lot of money for a young person! Even financed! I will stop butting into this thread since I'm so off topic!

 

[threeer]

How do people young people afford a $16,000 car??? Easy...banks and other financial institutions will finance just about anybody with a pulse...I don't plan on letting my son fall into that payment trap (heck, my first car was a 1978 Plymouth Arrow GT that didn't even run!!)...nothing like starting life in debt...

 

[fLyPiNoY7]

im one of the young ones...17 years old, parents paid for car, but i get to pay for the mods...

 

[shizzbeatz]

Echo that. I'm 19, my dad is paying for the car, and the mods are up to me.

The same deal went with my 240SX.

 

[threeer]

:wtf: Man, I tell ya...kids have no right to complain then! My dad never volunteered to pay for a car. If I wanted it, I bought it, and kept it up! Now parents are buying teens $15,000 BRAND NEW cars! I had to go to college for 5 years and work in my chosen profession for 11 years before I could buy this car.

 

[shizzbeatz]

Well, the first year after high school I took off to work.. I resigned in April and am now getting ready for school. My sister had it different, though. In November '01, we were shopping for a car for me--my sister would get my 240SX and I'd get the new one. I was eyeballing the Nissan Sentra SE-R Spec V for a while and when I finally found a fully loaded one at a dealer about two hours north of San Diego, CA, my sister test drove it and nabbed it! My dad put $5,000 down and she's paying the monthly. She turns 22 this December. If I was working, I would have probably gone with a Subaru Impreza WRX Wagon. I'm very grateful for this car; I now have something a lot more convenient to take snowboarding.

 

[threeer]

hmmph...and my first car was a hand-me-down that didn't even run! 16 years of driving later, and I've still always had to buy my own...gotta be a rich aunt that I don't know about somewhere in my family tree!!

 

[Roadstar]

Speaking of first cars, mine was a hand me down 71 Pinto. And someone stole it! A Pinto!

 

[chuyler1]

Mine was a hand-me-down 83 Chrysler E-Class. (aka, the cheap version of the New Yorker...as if the New Yorker was expensive)

The bottom was completely rusted out and anytime I hydroplaned on the passenger side, water would come squirting up through the hole in the carpet where the seat should have been bolted down...only it wasn't in that spot. If I had a passenger, his/her leg would get drenched. That is on top of the rocking back and forth because of the missing bolt.

Anyway, it leaked about a quart of oil between fill-ups and eventually the cam shaft broke...then later I blew the engine. I was driving along then smelled oil...slowly the car went from 70 to 60 to 50 to 30...until I rolled into a rest area in neutral and left it there. That was the end of that car. I figure...if I smelled oil there must have been some in it right? ahh, who cares.

 

[mctoone]

:I had to go to college for 5 years and work in my chosen profession for 11 years before I could buy this car.

Me too! I remember when I was in my early 20's my mom was going to sell her Champagne Edition Volkswagen Rabbit and I wanted to buy it. She refused to sell it to me because she felt she would have to sell it at a lower price! She's still a terrific mom though. I have had many used MG's but the P5 is my first brand new car.

 

[cbcbd]

My thread just kicks ass and I know there are new people out there.

BUMP (thumb)