putting your back out? - GT-R Register - Official Nissan Skyline and GTR Owners Club forum

wilk3sy · 15th August 2008, 11:11 AM

dont mean to be rude here, but is everyone on here raking in the £££ to be able to afford this car???

im finishing uni next year n shud be starting on around £30k if i get the job im applying for.... so thats a big if! but ever since i seen the topgear episode with this car ive wanted 1!!!! I just hope ill be able to afford it!

supraman · 15th August 2008, 09:05 PM

£30K??? What are you hoping to do for a living?

When I finished Uni, my first job paid me £11K and the absolute best jobs were only paying about £17K. Mind you, I am an old git.

I am constantly impressed by how many people there are on this forum that are in their 20s and can afford a GT-R, so don't give up on your dream! Just don't bankrupt yourself.

stealth · 15th August 2008, 09:22 PM

Quote:

Originally Posted by wilk3sy

dont mean to be rude here, but is everyone on here raking in the £££ to be able to afford this car???

im finishing uni next year n shud be starting on around £30k if i get the job im applying for.... so thats a big if! but ever since i seen the topgear episode with this car ive wanted 1!!!! I just hope ill be able to afford it!

Most people are a bit older I should imagine and quite a few have had GTR's before .Settled ,low mortgage ,got savings etc .

tomgtr · 16th August 2008, 09:24 AM

I think there are 2 different issues completely mixed up. If you have the cash and decide you can make better money on that than the interest you pay on a loan for your car, fine. I doubt that in current interst/investment environment it's true, but who am I to judge how you make money. Think there is also nothing wrong to loan a small part of the money if you miss a bit to buy your dram car. Bot borrowing the full amount is seriously asking for trouble.

wilk3sy · 16th August 2008, 11:20 AM

My aim is to have one by the time im 25 at the latest... so that gives me 3 n a half years... by then they should have dropped in price slightly, and I should have some form of savings....

Im hate being in debt, and as a student im in a lot of it lol! nothing worse than getting money and seeing it pay off a little bit of that overdraft! So i seriously doubt a FULL loan will be clever like! especially with todays "credit crunch"

turbobungle · 27th August 2008, 05:17 PM

Finance! All cars on our company fleet (which the GTR will be part of) are financed! People may say you shouldn't borrow all the money for a car and they're probably right if its a private purchase (i saved for years and paid cash for my 355 a few years ago) but my company can make more money out of the 50 odd grand it would have to spend on the GTR than it would lose by paying the interest, so its the sensible thing to do!

sumo69 · 27th August 2008, 09:55 PM

Quote:

Originally Posted by turbobungle

Finance! All cars on our company fleet (which the GTR will be part of) are financed! People may say you shouldn't borrow all the money for a car and they're probably right if its a private purchase (i saved for years and paid cash for my 355 a few years ago) but my company can make more money out of the 50 odd grand it would have to spend on the GTR than it would lose by paying the interest, so its the sensible thing to do!

That's a serious P11d tax benefit you will be getting!

Is it still worthwhile putting through the company with the very limited tax breaks now available for expensive high polluting cars??

David

turbobungle · 28th August 2008, 10:04 AM

Quote:

Originally Posted by sumo69

That's a serious P11d tax benefit you will be getting!

Is it still worthwhile putting through the company with the very limited tax breaks now available for expensive high polluting cars??

David

Through a Limited company it wouldn't be worth it but through a partnership its just another expense so don't pay as if an employee getting a 50k high polluting motor. I love partnerships!

robsm · 28th August 2008, 12:18 PM

With a bit of luck and hard work I'm sure you'll get there mate, but I seriously wouldnt even consider a 50k car on 30k a year straight out of Uni. Unless your planning on moving back home and living with your parents untill your 30, no rent, no bills, no food bills, ah good old days. I finished Uni 3 years ago so its doable. I wouldnt suggest working for someone else if you want it within 3 years though.

jagseven · 4th September 2008, 10:47 AM

So how old are most people on here? I've ordered my GTR so that it arrives close to my 40th birthday as a present for myself

The GTR will the first jap car I have ever owned and certainly the most expensive.
It will be a third car after my Caterham 7 and family friendly MPV.

There's no way I would dream of buying this car straight out of uni unless you're loaded - too many much cheaper cars to enjoy first before jumping into a supercar

charles charlie · 4th September 2008, 06:31 PM

I'm 36 on Sunday......

Then I'll be closer to 40 than 30......bummer!

As far as the "affording" goes it's all relative. Work hard and strive to work for yourself. As my old daddy told me, you'll never earn megabucks working for somebody else.

After that, pick your luxuries. For some it's holidays, clothes, nights out. For me it's a spanking home and a luvverly motor!

Oh yeh, almost forgot, make sure your missus likes working too........!!!

G40tee · 4th September 2008, 06:42 PM

im just 21 and im earning 30k ish a year, i would love an r35 but could not justify it. i have a decent amount of money saved up and the loan ive got out for my 33 gtr would cover the difference to buy the r35 but then id have no deposit for a house etc so long term not a clever idea.
get yourself more financially secure first then by all means go for it.
i dont know many people my age who have or are buying a r33 gtr, let alone a brand new r35, well not without them having silly rich families.

Zed Ed · 4th September 2008, 07:47 PM

so assuming average mileage and use, for year 1

£12000 depreciation
£1500 insurance
£600 servicing
£3000 fuel
£1000 one set tyres
£450 tax
__________

18,550 or circa 24k pre tax income

Depreciation may be a bit lighter but this is still going to cost a packet to run. ( My last 350z service was £450 but the GTR has got to take more looking after...... and then there is Gp20 insurance)

Even if you earned 100k, spending a quarter of your money on a car would be a lot.

Think I was 27 before I got my first decent motor (306 GTI 6) and had plenty of dire motors before that.

turbobungle · 5th September 2008, 07:45 AM

I'm 32. First decent motor was a new Pug 306 D-Turbo at 20, then a 6 month old Puma 1.7 at 22, first FAST car was the Supra at 26 (which I still have) and made my life long promise to myself by getting a Ferrari 355 Spider before the 30th bday. Had a string of cheap cars before these and probably had most fun in my 1980 Mini Clubman 1100 (til it was on its roof) and the 1988 Mini Jet Black I had after that! Really wouldn't have wanted to miss out on working my way up through the car ranks, I've loved every single one!

GTR or Not?? · 5th September 2008, 10:40 AM

I know your thoughts exactly.

When I was 19 I really wanted an Impreza P1 so went and got one (granted that was £22k and not £57k!), that's as well as paying mortgage etc etc

If you can do it without making yourself skint then do it... BUT dont do it and not be able to afford a social life and everything else... you cant take your car for a beer!

I've been lucky to be in a position to have some of the car's I've had at my age but it's all down to v good job and hard work!

I'm now 25 and GTR is on order... can't wait till 2010!

15th August 2008, 11:11 AM	#1 (permalink)
wilk3sy GTR Register Member Join Date: Aug 2008 Location: South Shields, UK Posts: 7	putting your back out? dont mean to be rude here, but is everyone on here raking in the £££ to be able to afford this car??? im finishing uni next year n shud be starting on around £30k if i get the job im applying for.... so thats a big if! but ever since i seen the topgear episode with this car ive wanted 1!!!! I just hope ill be able to afford it!

15th August 2008, 09:05 PM	#2 (permalink)
supraman GTROC Member Join Date: Mar 2008 Location: Scotland Posts: 554	£30K??? What are you hoping to do for a living? When I finished Uni, my first job paid me £11K and the absolute best jobs were only paying about £17K. Mind you, I am an old git. I am constantly impressed by how many people there are on this forum that are in their 20s and can afford a GT-R, so don't give up on your dream! Just don't bankrupt yourself. __________________ Approximately 360 days to go! At last, less than a year! I wish my collar had a knurled rim. It would stop my head coming off! J. Clarkson - July 2008

4th September 2008, 06:42 PM	#12 (permalink)
G40tee GTROC Member Join Date: Feb 2008 Location: Bucks Posts: 964	im just 21 and im earning 30k ish a year, i would love an r35 but could not justify it. i have a decent amount of money saved up and the loan ive got out for my 33 gtr would cover the difference to buy the r35 but then id have no deposit for a house etc so long term not a clever idea. get yourself more financially secure first then by all means go for it. i dont know many people my age who have or are buying a r33 gtr, let alone a brand new r35, well not without them having silly rich families. __________________ Who else think that royal mail only hire from the zoo? Roll on the year of the working GTR!

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16th August 2008, 09:24 AM	#4 (permalink)
tomgtr GTROC Member Join Date: May 2008 Location: Netherlands Posts: 171	I think there are 2 different issues completely mixed up. If you have the cash and decide you can make better money on that than the interest you pay on a loan for your car, fine. I doubt that in current interst/investment environment it's true, but who am I to judge how you make money. Think there is also nothing wrong to loan a small part of the money if you miss a bit to buy your dram car. Bot borrowing the full amount is seriously asking for trouble.

16th August 2008, 11:20 AM	#5 (permalink)
wilk3sy GTR Register Member Join Date: Aug 2008 Location: South Shields, UK Posts: 7	My aim is to have one by the time im 25 at the latest... so that gives me 3 n a half years... by then they should have dropped in price slightly, and I should have some form of savings.... Im hate being in debt, and as a student im in a lot of it lol! nothing worse than getting money and seeing it pay off a little bit of that overdraft! So i seriously doubt a FULL loan will be clever like! especially with todays "credit crunch"

27th August 2008, 05:17 PM	#6 (permalink)
turbobungle GTR Register Member Join Date: Mar 2008 Location: kent / www.turbobungle.com Posts: 162	Finance! All cars on our company fleet (which the GTR will be part of) are financed! People may say you shouldn't borrow all the money for a car and they're probably right if its a private purchase (i saved for years and paid cash for my 355 a few years ago) but my company can make more money out of the 50 odd grand it would have to spend on the GTR than it would lose by paying the interest, so its the sensible thing to do!

28th August 2008, 12:18 PM	#9 (permalink)
robsm GTR Register Member Join Date: Jul 2008 Location: Norfolk Posts: 41	With a bit of luck and hard work I'm sure you'll get there mate, but I seriously wouldnt even consider a 50k car on 30k a year straight out of Uni. Unless your planning on moving back home and living with your parents untill your 30, no rent, no bills, no food bills, ah good old days. I finished Uni 3 years ago so its doable. I wouldnt suggest working for someone else if you want it within 3 years though.

4th September 2008, 10:47 AM	#10 (permalink)
jagseven GTR Register Member Join Date: Sep 2008 Location: London Posts: 20	So how old are most people on here? I've ordered my GTR so that it arrives close to my 40th birthday as a present for myself The GTR will the first jap car I have ever owned and certainly the most expensive. It will be a third car after my Caterham 7 and family friendly MPV. There's no way I would dream of buying this car straight out of uni unless you're loaded - too many much cheaper cars to enjoy first before jumping into a supercar

4th September 2008, 06:31 PM	#11 (permalink)
charles charlie GTR Register Member Join Date: May 2008 Location: North West Posts: 459	I'm 36 on Sunday...... Then I'll be closer to 40 than 30......bummer! As far as the "affording" goes it's all relative. Work hard and strive to work for yourself. As my old daddy told me, you'll never earn megabucks working for somebody else. After that, pick your luxuries. For some it's holidays, clothes, nights out. For me it's a spanking home and a luvverly motor! Oh yeh, almost forgot, make sure your missus likes working too........!!!

4th September 2008, 07:47 PM	#13 (permalink)
Zed Ed GTROC Member Join Date: Oct 2007 Posts: 177	so assuming average mileage and use, for year 1 £12000 depreciation £1500 insurance £600 servicing £3000 fuel £1000 one set tyres £450 tax __________ 18,550 or circa 24k pre tax income Depreciation may be a bit lighter but this is still going to cost a packet to run. ( My last 350z service was £450 but the GTR has got to take more looking after...... and then there is Gp20 insurance) Even if you earned 100k, spending a quarter of your money on a car would be a lot. Think I was 27 before I got my first decent motor (306 GTI 6) and had plenty of dire motors before that.

5th September 2008, 07:45 AM	#14 (permalink)
turbobungle GTR Register Member Join Date: Mar 2008 Location: kent / www.turbobungle.com Posts: 162	I'm 32. First decent motor was a new Pug 306 D-Turbo at 20, then a 6 month old Puma 1.7 at 22, first FAST car was the Supra at 26 (which I still have) and made my life long promise to myself by getting a Ferrari 355 Spider before the 30th bday. Had a string of cheap cars before these and probably had most fun in my 1980 Mini Clubman 1100 (til it was on its roof) and the 1988 Mini Jet Black I had after that! Really wouldn't have wanted to miss out on working my way up through the car ranks, I've loved every single one!

5th September 2008, 10:40 AM	#15 (permalink)
GTR or Not?? GTR Register Member Join Date: Feb 2007 Posts: 9	I know your thoughts exactly. When I was 19 I really wanted an Impreza P1 so went and got one (granted that was £22k and not £57k!), that's as well as paying mortgage etc etc If you can do it without making yourself skint then do it... BUT dont do it and not be able to afford a social life and everything else... you cant take your car for a beer! I've been lucky to be in a position to have some of the car's I've had at my age but it's all down to v good job and hard work! I'm now 25 and GTR is on order... can't wait till 2010!