Black Nugget

Even though I hate these threads, it's about my time to make one. Some of you may know my previous car history :
2003 Mitsubishi Evolution 8
2000 Honda S2000
2001 Acura NSX-T
2007 Subaru STi

After selling the Subaru STi last month I've been decently content with daily driving my 206k mile 95' Integra and saving for a house. Lately I've been really thinking about putting the house idea on the back burner for a little bit and am considering getting another fun car.

It's pretty much down to getting either another S2000 or an NSX.

Most of my financing will be done through NFCU. Here is what I've been thinking :

2002-2003 Honda S2000. I can probably pick one up in great condition low mileage one for under $20k.

• 6.5% APR at 60 Months = $391.32
• 6.5% APR at 72 Months = $336.19

1991-1992 Acura NSX. I can probably pick up a great condition low mileage one for under $30k.

• 11.5% APR Signature Loan at 72 Months = $578.73
• 9.5% APR Signature Loan with Title as Collateral for 60 Months = $630.05

For NFCU if you purchase a vehicle that is over 8 years old they will not approve an automotive loan. You can apply for a Signature (Personal) Loan that ranges from 11% - 18.5%, with the terms being as long as you would like. Also, you can apply for a Signature (Personal) Loan and offer your vehicle title as collateral. It limits the terms to 60 months, however they it is a bit easier to qualify for since there is some sort of collateral. As well, there is a possibility that the rate will be lowered into the 9% range.

All of this is information that I obtained yesterday at the NFCU Pembrook Branch.




Why No House :
For a number of different reasons I've decided to put the idea of buying a house on the back burner. For starters, my old room mate bought a condo recently for $287k. Right now, the condo that is very similar to his right next door is on the market for $274k and isn't selling. I've lived in the Hampton Roads area my entire live, never having the chance to move. I don't know how long I want to stay in this area, so I am a bit hesitant to make a 30 year investment, knowing that if I would like to up and move it could end up costing me money.
Also, my mortgage loan officer that I've been speaking with had a certain lender that he was planning to use for my purchase. They have incredible rates, especially with my credit, however as of the March 31 they are altering their first time home buyer program. Instead of offering 100% they now offer only 97% - which means on a $200k home I need $6,000 + closing costs + home inspection cash + home appraisal cash + earnest money.


I'm torn on what the hell to do. I am sick of renting and am ready to buy a house, but don't want to make a 30 year investment that I might be stuck in if I ever want to just get out of this area. At the same time, I've had my nice cars and it's time to grow up.

Black Nugget

Cliff Notes :
Should I get another fun car?

blah

Move to Vegas and bang strippers.

mike nagz

CHAD lets move out together. thats what you need to do.


i vote S2k if i had to. we already talked about this..... and what it would look like..... DO IT

Black Nugget

Hah - that's where the "I don't know how long I want to stay in this area" comment is coming from.

Still talking with Ryan quite a bit and have my flight booked for May 20th-27th. Planning to visit a few dealerships out there, drop in my resume, and see what they can offer me. If things work out, I'll be out there one way or another.

RandomTask

Honestly, I'm debating getting a C6, a reason I haven't is I've been watching the economy. I'd rather have a big nest egg. If you could possibly wait a couple of months it would allow you the following; 1.) Better eye on the economy 2.) more of a down payment towards your car which in turn would save you a bunch of money on interest. 3.) more time to think of such a large financial committment so you wouldn't have to ask a bunch of tards like us what to do with your money Good luck.

DickButt

i thought now was the time for buyers to buy if possible. houses are the lowest now theyve been in a long time and ill bet the real estate market isnt too far off from picking up again. i couldnt see getting an nsx without first owning a home. or an s2000 for that matter.

Black Nugget

There is no way I'm signing my name to a lease right now, not with the possibility of leaving this area on my shoulders. I'd like to do another S2000, but the community is a bunch of fucking retards that walk around asking if you've seen their baseball. Plus I've already been down that road, built a decent one and now I think it might be time to move past it.

On the other hand, it is a fun car and fits me quite well.

Black Nugget

Hah. I definitely forgot to add that into my post. In late May I'm going to visit a friend in Vegas, who might end up being a future room mate. Either way, if I do decide to purchase a new car it wont be until after that point. At this time I'm just trying to get things in line to make the right decision when the time comes.

The market is absolutely flooding with houses right now and it is truly a buyers market - most sellers are paying all closing costs and houses are going for below appraised value. However, with the economy as it sits right now there is no guarantee on what will happen. As I had mentioned, my old room mate bought a house no more than 3 years ago and his neighbors home is going for $13k less than he paid for his. While I'd love to take advantage of the market right now, I really am not sure how long I plan to stay here and that makes me hesitant to make an investment that I might not be able to come out of.

shawn22

1986 Ford Mustang GT in Jalepeno Red with the porno Red interior, 5 speed.

Do a 5 lug swap, IRS swap, put some SSR Professors on it, run 2-3* of negative camber all around.