Starting up and FD Fund.
#1
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Starting up and FD Fund.
Hey guys. i just started a fund for me to buy an FD. im putting away 1000 dollars every month from one of my pay checks (i have no bills but my insurance and phone bill) until i have 5 thousand to put down for an FD at a dealership. ive already almost gotten 2 thousand saved up. i wanna be able to get one by summer time. so wish me luck! and if you guys could can you guys keep a look out for FDs at any dealerships for me. distance doesnt matter has to be in WA though. THANKS GUYS AGAIN WISH ME LUCK!
#2
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I doubt that you will find a 93-95 RX-7 at any dealership. Generally these cars are purchased from a private party. Also, you are looking at putting $5,000 down, but how would finance the rest of the purchase? I'm guessing that loans would be a bit hard to get for these cars, but maybe I'm wrong.
#3
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There are loans available for older cars, it is possible to get financing for a 93-95 RX-7. Some credit unions will do loans on any year. There used to be a dealership called cruzin auto sales or something near Olympia that would often have FDs, I am not sure if it is still around. Good luck finding an FD, but I would recommend not financing one.
#7
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well I'm able to make 400 to 500 a month monthly payments and I talked to a dealership that has an fd for sale with 5gz down and a little down there pretty sure I can get approved I'm just trying to achieve my dream of getting an fd its been my dream car since childhood
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#9
well imo, don't jump into the FD idea, with payments. an FD comes with it alot of commitment and heart aches. payments alone MAY tide u thru the installments on ur car, however, have u ever read or do u remember reading how many times FD owners rant at problems about the car, like engine, intercooler, radiator, vacuum hoses, this this taht that? i say save up more than just 5k, prbably 10 first, be4 u decide to walk this path. coz owning an FD is pretty DAMN BLOODY ******* EXPENSIVE! not to mention premium gas only rapes ur wallet
#10
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timothy knows what he's talking about man. at the very least, u should save up and pay off the car in full. it took me almost all my HS years and a lot of commitment over summers (i even went to asia to teach english for very good money btw...) to sum up the money to pay off my car in whole. and no joke random probs come around that will questions why u bought the car and stretch your spending limit to edge. like right now, i have to save up for engine rebuild, turbo's, lines, etc... basically....be sure your prepared for what your getting yourself into, because i highly doubt making car payments, AND paying to live AND fix any probs u face with your car can be covered in 1k a month. but, if thats really want you want, i still think u should just wait and save up to buy your car, as it makes u appreciate the car/time/effort u have to put into it more also. good luck with your decision
#11
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Yes I know what I'm talking about, oh you meant a diffeerent Timothy?! Damn... lol
Yeah Red, seriously save up 10-15k, use 5k for your down adn the rest as your emergency fund. You CANNOT own an FD as a daily driver without having a financial safety buffer. not to mention it will allow you more time to buy the perfect FD. Please DO NOT buy from a dealer. Those cars are typically in worse shape than those owned by private sellers. With a 48 month payment plan you should be looking at about a $250-$275 payment. Don't accept anything more. THIS IS THE MOST IMPORTANT THING I AM GOING TO SAY: Always get a second opinion. Take an FD owner with you to look over the car. You will be blinded by your excitement and could potentially overlook a serious flaw. Be wiling to expand your search to Oregon and Idaho and you'll have a better chance of getting one. And PLEASE PLEASE PLEASE don't plan on spending more than 16k. If you look well enough you could come away with a 50k mile FD for 13-15k easily. I picked mine up for $13,500 with 54k miles. Which is plenty low mileage. I got 40k miles out of the car before I lost a coolant seal. And I would have been fine had I not quit my $40k a year job that made me miserable to venture into self-employment and used m $10k FD buffer for bills while I worked on generating income.
Yeah Red, seriously save up 10-15k, use 5k for your down adn the rest as your emergency fund. You CANNOT own an FD as a daily driver without having a financial safety buffer. not to mention it will allow you more time to buy the perfect FD. Please DO NOT buy from a dealer. Those cars are typically in worse shape than those owned by private sellers. With a 48 month payment plan you should be looking at about a $250-$275 payment. Don't accept anything more. THIS IS THE MOST IMPORTANT THING I AM GOING TO SAY: Always get a second opinion. Take an FD owner with you to look over the car. You will be blinded by your excitement and could potentially overlook a serious flaw. Be wiling to expand your search to Oregon and Idaho and you'll have a better chance of getting one. And PLEASE PLEASE PLEASE don't plan on spending more than 16k. If you look well enough you could come away with a 50k mile FD for 13-15k easily. I picked mine up for $13,500 with 54k miles. Which is plenty low mileage. I got 40k miles out of the car before I lost a coolant seal. And I would have been fine had I not quit my $40k a year job that made me miserable to venture into self-employment and used m $10k FD buffer for bills while I worked on generating income.
#12
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thanks alot for the feed back on this yeah I guess it is a good idea to save a little more just incase something happens to the car so I can have a backup plan and be prepared my uncle was a proud fd owner in his early days and I remember him ranting about always fixing something small in the car. But yea I appreciate the feedback I'm just letting my excitement get to me and also when I do get to go look for my fd who wants to come along and check I't out for me?? I need an experienced fd owner to come right tim
#13
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when I bought my turbo fb, at the same time took out a loan where I will only pay interest on the amount I actually use. If I never touch it, that money will always be there. But the point is if something were to happend that money is there right now and I would be ok. Just a thought, you could find something similar and get the car earlier then you expect to while having a 'fd disaster fund'
Also please don't buy a fd from cruzin or any other dealer. Get one from an enthusiest who knows more then the average used car salesman, and as tim said take a fd owner or someone knowlegible with to give advice
Also please don't buy a fd from cruzin or any other dealer. Get one from an enthusiest who knows more then the average used car salesman, and as tim said take a fd owner or someone knowlegible with to give advice
#15
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I know its not an fd but I got a TII when I was 18 w/ 104K miles for $1900 in 2001. It ran for 3 months then water seals gave up. I stored it in a barn for 3 years, until I aquired the money ($2600) to rebuild the motor, and I did all the work myself because I couldn't afford to pay someone to do it for me.
FD's are more expensive too... If I had to make payments and have insurance on a car I couldn't drive or repair that would have been horrible. But since it was paid for I could take it off ins. and let it sit for 'practically' free until I had the time and money to fix it.
I'd say, "If you don't have the time and money to rebuild the engine, don't finance a FD."
The ultimate decision is yours.
FD's are more expensive too... If I had to make payments and have insurance on a car I couldn't drive or repair that would have been horrible. But since it was paid for I could take it off ins. and let it sit for 'practically' free until I had the time and money to fix it.
I'd say, "If you don't have the time and money to rebuild the engine, don't finance a FD."
The ultimate decision is yours.
#16
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ill need your number then tim. theres one in bothell ive been meaning to check out. its been on sale for a while... so im kinda having second thoughts on it. but yeah just pm your number and ill give you a call.
#17
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heres another thought i make around 2400 a month. and i only use (AS OF NOW) about 500 dollars of that to pay on bills so i have about 1900 ESTIMATED left over for anything that i want. depending on the payments and insurance for when i purchase the FD i "SHOULD" still have a decent amount of cash to store as a fd Rainy day Fund... dont get me wrong im very aware of the "EXPENSIVENESS" of this car and i am trying to be safe on it. so im not taking any of this the wrong way this is actually really helpful to hear it from other people. lets me focus more on new ideas on how to actually obtain this car with the least worries.
#18
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Trust me when you're making that kind of coin and you FOCUS on setting money aside and living by a VERY STRICT budget it saves up quickly, yes. But what if something were to happen right away?! You need to start with at least enough for a reman and install (~$5,000) if needed and be able to concentrate on knowing that THERE WILL BE RAINY DAYS AHEAD AND WHEN IT RAINS IT POURS If you have another car then you should be fine, but making payments on a car you can't drive is pointless. So another good route to go is have that buffer before you purchase the car, then focus your extra income on paying off the car quicker. On a 48 month plan my car was unlicensed after about 24 months so I paid off the last $6,000 in 3 payments over 2 months. It wouldn't be a bad idea to eliminate the debt so if there did come the day that you don't have the money to fix it, you could park it, save $ on insurance not needing full coverage to satisfy the lender, and you could spend $500 for a dd while you get the moeny for the FD or while it gets rebuilt with your buffer funds.
#19
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If your gonna get one for your own good read read and read up on these things. A small mistake can be disasterous. Me and my friend both picked up fd's couple thousand miles later his dies due to coolant seal failure and the same amount of mileage later I lost mine due to detanation. I only wish I knew the little bit I know now before I lost my car, it might still be running. Now its been a little over a year and 6-7 thousand later my car is just about to be running. good luck and hope you find a good one
#20
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I'm trying to read up on as much as I can with basic problems on FDs and trying to also learn more on rotary as it is I'm also considering ls1s but not really
#22
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Angry Earl you must paint your car every year or what, lol,
If I were you I wouldn't buy an FD unless I had a back up car at the very least. A lot of people have disasters with these cars and others don't, I say it is about 50-50 both ways. Usually modifications is when things start to go sour on owners.
It won't cost you an arm and a leg to fix it though like most say if you do the work yourself. And if you have to take it to someone to fix make sure they are reputable and know what they are doing this is where expensive comes in as well as headaches. The most important thing about and FD is knowing this car, inside and out because if you expect to keep this car you'll be marrying it. Being that it is 15 years old now, not a lot of shops know how to repair them so its best that you know. It's easy to fall in love with this car the beautiful lines the uniqueness of the rotary, but once it goes dead it starts to look ugly quick.
So my advice is to start doing some reading in the 3rd gen forum while your saving your money and go from there.
If I were you I wouldn't buy an FD unless I had a back up car at the very least. A lot of people have disasters with these cars and others don't, I say it is about 50-50 both ways. Usually modifications is when things start to go sour on owners.
It won't cost you an arm and a leg to fix it though like most say if you do the work yourself. And if you have to take it to someone to fix make sure they are reputable and know what they are doing this is where expensive comes in as well as headaches. The most important thing about and FD is knowing this car, inside and out because if you expect to keep this car you'll be marrying it. Being that it is 15 years old now, not a lot of shops know how to repair them so its best that you know. It's easy to fall in love with this car the beautiful lines the uniqueness of the rotary, but once it goes dead it starts to look ugly quick.
So my advice is to start doing some reading in the 3rd gen forum while your saving your money and go from there.
#24
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I might just be getting a more reliable car like an evo or a g35 oh and about the moving out I tried but my parents dont want me until I'm out of college so right now there letting me do whatever with my money I also do have a back up car a Honda but it saves gas