I just saw you in NSX prime haha. Welcome to s2ki now! For college, I would say stick to your GLI, it is a way nicer car than 90% of the people I know owned druing college. Also, during college my car had beer bottles thrown at it, ran into a pole, scratched the rear bumper, had the rear window shattered, etc. etc.

Graduate, get a job, then get a weekend toy. Be happy and lucky to have such a nice car as young as you are! Also sorry but $6k in two years is not sufficient income to substantiate owning two cars.

All in all, best of luck to you!

 

Hey TakmaN, unfortunately the NSX doesn't seem possible. Maybe I'll save up enough during college to get one after I graduate.

6k is the loan, not my income! If that was the case, I would be completely crazy.

I'm in independent contractor getting $1120/month from one company. This is for 2 days/week, one of which is technically unpaid. When I take on more days (I plan to in May), my hourly will seem to go up, though it will actually just be 2 paid, 1 unpaid at my standard rate.

This weird pay will end once high school ends. Then, I'll probably do a month of full time with the same company (Yes, they'll hire me). This way, I'll have a nice cushion going into college.

When I start college, I'll be freelancing again until I could find a local job. Regardless, earning $250/month will hardly be a struggle.

I agree that under normal circumstances, this is the dumbest thing I could possibly do. However, my next 4 years I have virtually no expenses, so why not take advantage of it?

The problem is, I highly doubt my bank is going to acknowledge the fact that I have no expenses, so I'll look pretty crazy to them. TD's most convenient loans aren't too convenient for special circumstances. I thought I'd get to talk them into it, instead they had me fill out a form and sent me away.

But yea, my main point of this post is that I'm not just some kid working at Wendy's, I have a very legitimate job.

e39m5

 

You also have to factor in any other payments cell phones or whatever. And insurance is alot for the S.

 

I'm pretty confident I can manage. If not theres always plan B:
Sell the GLI or the S2000

And plan C:
Sell the GLI and the S2000

Neither involves me in debt, just me living life, so I'm happy. My two older brothers have made it through college with just what they earn in the summer at a wage nowhere near mine, so I'm not overly worried. Maybe I should be, but I guess I'll learn the hard way.

Alternatively, if I opt to attend Rutgers, I'll get a brandy new s2000 courtesy of my father who would prefer to pay 4 years at low 2x,xxx+s2000 than 4 years at high 4x,xxx.

I won't do that though, I mean I may go to Rutgers, but I'll let my dad keep the s2000 money. He's been daily driving an 2002 M5 since new (so close to 100,000), and deserves something new. I will however, make him cosign this lease, though.

Except I'm still waiting to hear from USC (top), CalTech (saturday!), MIT, CMU, WashU, Northwestern, and uDel.

e39m5

 

Keep in mind insurance. The s2000 isn't by any means a cheap car to insure. I'm 21 and pay a pretty penny (clean record, no violations). If your dad cosigns on the loan, get the car in his name and insure it under his policy. It'll keep your rates low. That's what I did.