I ran the numbers, so to speak, and it seems like I really can afford monthly car payments in the 200s 300s or 400s while still putting some of it away in an ira/403b. I'm not putting myself into serious debt by buying a mazdaspeed3 (like I would be if I bought a 40-80k car lol). I'll let you guys know how it goes.
The difference in insurance will be 200/year over the M3.An MS3 would be over $500 unless your putting down something! Pluse don't forget the difference in insurance.
Where did you get 15,500? That's a huge amount. I'm not putting that much away yet.if you can put away $15,500 every year into your 403b and still afford the ms3, then go for it.
If you like the car by all means get it, but also think about if you were to lose your good paying job could you still pay the note with a crappy one? Would you be willing to do what it takes to keep it? Thats how I justify anything I buy that does not gain value.
P.S Live life, Have fun, and Stack paper.
An MS3 would be over $500 unless your putting down something! Pluse don't forget the difference in insurance.
The difference in insurance will be 200/year over the M3.
Where did you get 15,500? That's a huge amount. I'm not putting that much away yet.
I'd say get the MS3! It's an absolute blast to drive and one of the best performing new vehicles money can buy for 25k and under. However, like others have been saying don't just go off the MSRP. Gas / Insurance arent exactly cheap with this car. Insurance companies actually consider it a sports car.
actually, i think insurance is pretty cheap for the ms3. it only cost me $30/yr more than my prius.
I'd say get the MS3! It's an absolute blast to drive and one of the best performing new vehicles money can buy for 25k and under. However, like others have been saying don't just go off the MSRP. Gas / Insurance arent exactly cheap with this car. Insurance companies actually consider it a sports car.
I ran the numbers, so to speak, and it seems like I really can afford monthly car payments in the 200s 300s or 400s while still putting some of it away in an ira/403b. I'm not putting myself into serious debt by buying a mazdaspeed3 (like I would be if I bought a 40-80k car lol). I'll let you guys know how it goes.
I'd definitely put down 5-10k, and wouldn't finance for more than 5 years.I certainly hope hed put something down and also wouldnt finance for more than 5 years just to bring the monthly payment down
As I pointed out earlier, the insurance is 200/year more than the M3 so not a huge difference. Mileage is 3less highway than the M3 and takes premium, so not negligible but not huge.I'd say get the MS3! It's an absolute blast to drive and one of the best performing new vehicles money can buy for 25k and under. However, like others have been saying don't just go off the MSRP. Gas / Insurance aren’t exactly cheap with this car. Insurance companies actually consider it a “sports car”.
I'm actually 23 since April. I agree that I shouldn't blow off saving money, but I'm not putting anywhere near that much in at least for a few years...15,500/yr is the maximum allowed by law for 401k/403b. it's just a suggestion if you wanted to be very frugal and want to be on the right track for retirement. oh, but you're only 26? i guess when i was your age, i didn't really think about saving that much either. i'm 39.
Haha I love the poll results.here... people with MS3's granted people put down cons about the car but but its all relative if you had to compare to other cars well i'm sure some cons would be pros and some pros would be cons
http://www.mazdas247.com/forum/showthread.php?t=123714594
I'd definitely put down 5-10k, and wouldn't finance for more than 5 years.
As I pointed out earlier, the insurance is 200/year more than the M3 so not a huge difference. Mileage is 3less highway than the M3 and takes premium, so not negligible but not huge.
I'm actually 23 since April. I agree that I shouldn't blow off saving money, but I'm not putting anywhere near that much in at least for a few years...
Haha I love the poll results.
Edit: btw, 403b vs roth ira@bank..... advantages?
