I'm looking to get my first car and I absolutely want a g37s coupe. Im 20 and with a good job, $16/hr. Do you think its a good idea? I appreciate all the feedback

 

Welcome to the forum. I can't tell you if buying this car is a good idea for you or not. I'm very inclined to say it's probably not and to get a much cheaper car and save money for buying your home, retirement, kid's college, etc. but I'm old and practical. My 20 year old self might buy it if I had the money. But I was young and stupid then.

 

Insurance for a 20yr old is going to KILLLLL YOU
Not too mention all the tickets you'll stack up

And YES you will stack up a few in that car (But that's just my 0.02 worth)

Save your loot and get something more gas & insurance friendly. Stack your loot elsewhere
At 20, I'd be maxing out my 401K ($17,500.00) and a RIRA ($5k), give away a few bucks for taxes and some ETF's (DRIP's)

 

I would advise against it. Making $16/hour in my opinion isnt enough to justify the costs associated to the car and buy it. Each month, you'll have your car payment and car insurance, and also gas fill-ups regularlay (depending on how much you drive). I imagine a 20 year old is going to be driving around all of the time. Gas is the big killer since these cars are known for not getting good gas mileage and its recommended to put in premium gas. Also the gas price for premium is about $4/gal where I live. Get a beater to drive around for a 2 or 3 years than when you are making more and have some money saved up, buy it.

 

Opinions have never stopped anyone before though, I'm 22 and this is my first car out of graduating college. It didn't matter to me how much it would cost or anything. I just wanted it. It's your money, do as you please.

 

You may be able to afford the car, but don't forget insurance and maintenance. Oil change, 70 for synthetic, at least 500 for new brakes and rotors, if you need to flush all your fluids 600-700. Not to mention the gas and you should use premium.

When I was 20 I wanted a 2003 Acura 2.3TL Type S. Asking my parents for help, they said that sounded like a 30 year olds car and I should wait and they helped me buy a Civic. I was not too happy, but looking back, I am very happy. My buddy had that car when we were 20, had tons of bills and couldn't do anything because all his money went to bills. Now that I'm 32 I have the G37 and I couldn't be happier.

My advice, buy an economical car, your first car will also probably get beat up. Get something good on gas and in expensive to repair...maybe a Honda Accord

 

I know that with my first car (a 91 Tracer), I got into a couple accidents (mostly minor) because I wasn't paying attention... also got a good deal of speeding tickets. A few friends I know also had the same things happen around the age you currently are now. Financially, it's probably not a good idea. All that said, we don't have much time on this spinning rock, so I'm all for the whole 'live in the moment and do what makes you happy" thing.

 

Thanks for the feedback! Not having much expenses right now seems like I could afford to have one and all but reading through the feedback I received it seems like a better idea to save more money now that I dont have much expenses and get one later on. I'll probably end up buying a corolla off of my older brother on later on get my G. Once again thank you!

 

Might consider a 2006 or earlier G35 coupe, would be more affordable and still offer the similar look and performance of the G37s and wouldn't take such a hit on the purchase price & insurance. Similar to a gateway drug

 

I'm very glad that you took the advice that was offered and didn't take any of it the wrong way. Good luck to whatever you purchase, and just because it isn't what you ultimately want doesn't mean you can not enjoy it. If you get a Corolla, then you got a Corolla. You make it a bada** Corolla. My first car was a 1995 Nissan Maxima, however it was the car that I wanted at the time. I stuck with it, even though it was starting to fall apart, but by the later years I was finally on my feet with a decent income. Best of luck to ya man.

 

I think this is a good idea too! The G35 coupe still looks sexy and would be my second choice if I was in OP's situation looking for a more affordable first car.

 

Agreed. I'm hoping to pick up a 2006 G35 Coupe this week. I got lucky and found one for $5500. You can too! stepping stones. The worst thing would be to get that car you want then have it turn into a mountain of expenses you can't climb out of. You're young, keep that credit score high and liabilities as low as possible.

 

Love these kinds of threads hahaha. I know his age and hourly payrate...I have all the necessary information to make a decision for him

 

Choose a cheaper option for your 1st car. Still choose something you'll enjoy to drive. Learn how much it takes to maintain a daily driver (tires, oil changes, gas, timing belts, etc).

After you beat the first car into the ground you will get it

 

I concur. I would advise you to save up the cash (probably 10k-12k) and just buy a g35 coupe but not with too many miles. You will own it, it will cost less to insure and it still looks really good. Your insurance still may not be that cheap but you won't have to worry about a car note and insurance.