Currently I'm working a 9-5 job making about $11/hr (With performance bonuses and commisioning) which brings me to about $15/hr 40 hour weeks. Not to mention I can get overtime whenever I want it. I'm also in the list of people to be promoted which will grant me about a 20% increase in profits. I think my best check I was getting almost $22/hr average. (I'm also 20 without any responsibilities, I have my life planned out for the next 6 years while I finish school, I have a savings account and I don't plan on leaving the parents house ( Which was agreed upon if I keep my grades at an A average ))
I've been following this vehicle and while it looks `nice` on the Internet, you have no idea how nice this car really is until you sit in it. I tried to go to a dealer the other day to test-drive one and they rejected me because I'm not 21 and their insurance wouldn't cover me, but I was seriously wanting to go at it.
Not to mention I have an automatic convertible right now, and I want a fastback manual.
I was quoted $218.52/mo with a $1,311.12 six-month premium from my insurance company which is pretty good, considering I'm 20 and this will be my first car, not to mention the insurance coverage is good to go for the car loan.
I can get the car (v8, performance package, without a downpayment for $573/mo) which would bring my total to $791/mo. or I could sell my current mustang and put the money towards a downpayment and the price would go to $710/mo.
It's a really hard decision for me, honestly, it is..
What do you guys think? I know I can afford it. I'll still be able to put the same amount in savings every-day. I just won't be able to go out and eat steak every other day anymore, but I'll have this monster.
What about you guys? How many of you are facing this "I want it, but I shouldn't" problem?