How do you guys afford such nice cars?!

[B-Man]

A 70,000 gtst loses say 50% in 3 years = 12,000 per year. On lease you pay interest on 35,000 for 3 years @ say 8% = 8,400 interest.

That's one expensive GTS-t

"Equity Maite"

[PranK]

i'm sure they cost around that when new tho.

[Jaxe]

Good advice guys...

I'm still paying off my Celica

But after that it's Skyline all the way.

Hey Duncan - you seem to know your finance. What do u do for a living? Could I talk more withj you about this?

And yes.. I'm in IT too. How about that?

[T0nyGTSt]

Deep down, you know that it is because they are imports, that is why we can afford them.

Skylines are cheap in the scheme of things. Parts can be expensive. But you can hunt around and you get good advice here and SAU helps minimise the bills. The work done on my car is done at cheap labour rates.

If you were to buy a brand new SS Commodore or even a plain new Vectra or Magna, it would cost much more.

I sometimes drive a work Magna. It's $32,000.

My Skyline is nowhere near $32,000.

So this car is really a cheap runabout... I'd be more in hock if I bought a brand new Hyundai Accent or Honda Getz.

And which car is more rewarding to drive and own?

It's the "33"

T.

[Gester]

Heh so who here IS in IT? What are your roles? Im the Network Admin

What about you guys?

[Jaxe]

I'm part network admin, part web developer and part PC support..

My job title is Web Development / PC Officer.

I'm doing some M$ courses. Anyone else taking any?

[Guest Turbo1]

I've been working in IT for 4 years, I bought a property as investment then sold off plan meaning i did not pay stamp duty and all the rest ... It was a $155,000 apartment i sold 16 months later for $180,000, so a nice $25,000 minus real estate costs and tax ... I also qualified for home owners grants as i legally did not "Own" the apartment as duty not paid, got another $14,000 into my account plus the already $15,500 i needed as deposit on first property which was a year of hard saving ... Needless to say, bought townhouse for $195,000 in good area, put in about $15,000 of stuff such as air-con, waterfall, landscaping, spa etc and now valued at around $280,000 .... Debt on this is $171,000 at the moment ... It was rented out, but i now live here for capital gains reasons for a year or more and I pay $250 a week for repayments.

My car is outright and doesnt owe me that much .... Want to get a porsche now as there is always someone with plenty of money whom will pay good money for a well maintained and looked after porsche ... My goal - More property, more hard work .... Oh, and I'm mid twenties ...

I've also driven ferraris overseas as you cant hire them here and been for a ride recently in melbournes greatcarboatrentals lambourghini diablo roadster.

[NS2500]

Network/Systems Admin for 3 years, plus a little "freelancing" on the side.

Jaxe, I took the first MCP exam (Professional) in Jan and working on Server now hope to have that soon.

[benm]

I sorta hate how people think that just coz u work in "IT" you earn alot. I earn no more than the average woolworths shelf packer, infact i probably earn less (and i cant see it changing anytime soon unless i find a job in the city).

The key to owning/affording a Skyline is the same with any other situation... you gotta prioritise and learn to use your money wisely.

I dont drink, smoke, clubbing, live at home, no other debts beside my car etc. So that extra money i have left over goes straight into a) owning a skyline and B) modding the biatch.

I'd love to get into the property market and put some decent money into that but i'd need a payrise if around 30% before i could even consider that.

[T0nyGTSt]

Microsoft exams are shit.

And yes I an an MCP (2000)...

T.

[ix9]

I'm a a Technical Consultant for an IT services company...

I earn SHIT pay. I spend WAY too much, and I still drive a skyline.

Go figure.

oh yeh, M$ exams are easy shit, ive done about 5 now, having a wider range of IT qualifications is the key to success... I have 3 other quals.

[Jamezilla]

Management baby!

Used to run a Multimedia company - now managing electronic publishing development and production for big educational publishing company.

Technology related - but not strictly IT

[Frosty]

yeah same here

i have an IT job for ISP

loan from the bank for 18k and repayment just under the $100 mark for my 32 gtst

hoping to get it into the auto salon next year

[Sir R33]

i'm a apprentice fitter and turner and now currently a 4th year, i saved up and bought my car in cash all $28,000 of it plus insurance and i'm only 19

[kabab]

kilo's

[Infamoz]

Database Admin.

How much do you get paid yearly?

i'm paying off my car, but i am having second thoughts after reading what Duncan wrote...i've paid around 5gs of the 20gs i owe, and i've spent 2gs on it for the system so far...from history, i think Honda's dont deprectiate as much as other cars in similar class

[bangahh]

Originally posted by benm

I sorta hate how people think that just coz u work in "IT" you earn alot. I earn no more than the average woolworths shelf packer, infact i probably earn less (and i cant see it changing anytime soon unless i find a job in the city).  

The key to owning/affording a Skyline is the same with any other situation... you gotta prioritise and learn to use your money wisely.  

I dont drink, smoke, clubbing, live at home, no other debts beside my car etc. So that extra money i have left over goes straight into a) owning a skyline and B) modding the biatch.  

I'd love to get into the property market and put some decent money into that but i'd need a payrise if around 30% before i could even consider that.

I should kill myself......

reason

I buy a skyline cant park it at the stations. so i have to borrow my brothers 89 magna pos monday to friday. Come weekend, wash the skyline and wax it etc only to give it to my brother the next week to dirty it again. Lifes soooo un fair.

I work in IT also and havent got a raise in 2 years. go figure......? i take home less than 2k a month. So there is not a lot of money in IT. If you really want it you have to make sacrafices...

ps owning a skyline = poverty.

[T0nyGTSt]

Ben is right on the money for IT. Kinda ***kked market.

I was earning a lot more when I worked in the city (but I had a lot more stress and work to do).

So I take a pay cut, work 15 mins from home and can drive to work.

No more $50 train fares.

More like $25 in fuel if that...

T.

[franks]

fuel is one cost but there are so many other related costs which you havent included. having said that, you can't place a cost on time and convenience of a car.

i cycle to and from the city practically everyday...i get healthier, its a more enjoyful experience and i'll soon pay off my bike from the savings i've achieved from not catching the train...

[T0nyGTSt]

Yeah but Frank, many of us live out Parramatta way or more.

And one has to balance whether working in the city and NOT owning a skyline is better than commuting 15 mins everyday to work in one

And of course using it on the weekends...

T.