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I have a friend who did not go to college and became a plumber. He drives a Ferrari (for 15 yrs) - As an adult, I got my first non company car (my SKY) last year.

I have another friend who went to work for UPS while in high school and can now retire with a pension. I'll be working another 15 to 20 yrs.

Another friend of mine from high school went full time Air Force (both he and his wife). They are now retired - although they moved every two years for two decades.

I went to college and I've done pretty good, too - but I'm not retiring any time soon.

If you do go to a 4 yr. school, I'd suggest a credentialed degree like engineering or something in the sciences - not a degree like communications. Otherwise, I suggest a trade school in an area that interests you and become the best at it. "There are many roads to Mecca" - Hugh Hefner

The biggest issue I see with your plan is the lack of a garage in WA state. I wouldn't trust my SKY to a tarp in the outdoors. I bought an indoor cover for the garage - but I'm a little anal in that regard.

You're young, have fun. You've got a plan and time enough to change it.
"Everyone has a plan - until they punched in the face" - Mike Tyson

Also, read this.
Billionaire offers college alternative - CBS News

Hey hey now, I graduated from a decent school with a communication degree and I'm doing better than most my peers with engineering degrees (I am 27). It's all about working your ass off, making smart moves and making the most of it, just like any other field. That said, I graduated with a lot of dopes getting Cs and trying to slide by.

I would not suggest the OP buy a sky right now instead of spending money on school. That money will come back as debt later, which is bad news. And If you don't accumulate debt, open up a 401k or trading account and invest that money since you are young. Watch that nest egg accumulate and multiply...



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I have a friend who did not go to college and became a plumber. He drives a Ferrari (for 15 yrs) - As an adult, I got my first non company car (my SKY) last year.

I have another friend who went to work for UPS while in high school and can now retire with a pension. I'll be working another 15 to 20 yrs.

Another friend of mine from high school went full time Air Force (both he and his wife). They are now retired - although they moved every two years for two decades.

I went to college and I've done pretty good, too - but I'm not retiring any time soon.

If you do go to a 4 yr. school, I'd suggest a credentialed degree like engineering or something in the sciences - not a degree like communications. Otherwise, I suggest a trade school in an area that interests you and become the best at it. "There are many roads to Mecca" - Hugh Hefner

The biggest issue I see with your plan is the lack of a garage in WA state. I wouldn't trust my SKY to a tarp in the outdoors. I bought an indoor cover for the garage - but I'm a little anal in that regard.

You're young, have fun. You've got a plan and time enough to change it.
"Everyone has a plan - until they punched in the face" - Mike Tyson

Also, read this.
Billionaire offers college alternative - CBS News
:agree: what he said. All three of my kids went to a State collage and 10 years later are still paying their loans off. Unless you are really sure what you want to do with your life, community collages or trade schools are great. You can always transfer into a better collage in your third year and the degree will still be from them.
 

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I just graduated High school this summer. I have always wanted a Sky since as far back as I can remember.

I am really only interested in a Ruby Red Red line with ruffly 60,000 miles. I dont want to be anymore than the 3rd owner.(How much should this cost inn the winter and fall months.) I want to have tan leather seats and a tan top these two options I would look into buying of a totaled sky.

when I was 16 I worked a summer job where I was able to save $1500 now I have been working part time and save about 90 percent of my income. I have 9,000

I decided not to even apply to college mostly because I did not want my saving to be taken up on books and classes. So I made the decision on going to community college. And seeing what kind of finical aid I can get.

Currently I am selling a lot of my possession on eBay so that I can get 2,000 and buy a first gen Miata. So that I can have a true daily driver that I put miles on.

I live in Washington state in a house with no garage and no carport. I am thinking of buying a very high end weather teck car tarp.

I am wondering what you guys think do you respect what I am doing? Is a Miata stupid or is it a good Idea for a daily driver? How much would I need for a ruby red redline top and interior specifications not included. Or should I just buy a Japanese sedan and spend all my money on college? I have my mind pretty much made but, I just want to know if im really as crazy as my family says I am.
I started off with a 1997 pos corolla and it enabled me to truly appreciate what I had. You need to mature/experience life more before getting into the sporty car market. If you were to get this at such a young age you wouldn't appreciate it and would more than likely crash it in a ditch. I suggest getting a 5 speed gas sipper and getting through college.
 

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Sorry I;m a Mazda man.

The best reliable Mazda is a Miata.

If it is a good used car I would buy it.

How ever without a garage... stay away from a convertible.
 

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Definitely go to school - whether it be community college, tech school or an accredited univerisity. I work for a large company. I have a friend who is extremely smart, ran his own business for years, sold out and is now the lowest paid guy at my company and he is getting passed over for jobs he is more than qualified for because he doesn't have any college. I have other friends who have done better without a degree, but they are now putting themselves through school to get one.

Every day when I would ask an old boss what the good word was, he would say - Save Your Money, Kid. Now that I spend all my money on cars, travel, and my house, I hate having debt! Hate it! He was right!

20+ years ago, I was fortunate enough to have saved I kinda fell into a fun car (82 Z28), get a bunch of scholarships, work 2 jobs and get through college with only 1 small loan. But I worked my tail off and things were different then. Go to school Kid! Employers like seeing you've been to school! Finish school and then buy the car. The kappa will be a PITA in the wet anyway and you'll fishtail everywhere all the time. (From a former 16 - 20 year old who drove a Z28 year round and finally gave up driving it in the winter because it was a PITA and I didn't like being the slowest damn car on the road!!!!) :lol:

Good luck!!!!
 

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3. Don't buy a Sky Redline either, it'll also eat you alive with expenses.
If OP is still reading this thread, Dave knows what he's talking about. If you decide to get a 60K mile SKY I would recommend a MINIMUM $400 monthly budget. This is for everything (including depreciation) except gas and fines. Factor gas and fines separately depending on how much/far you intend on driving, and how well you can stay off the traffic/parking fine roll.

If paying cash for the car, you can drop that to $300 a month. If getting a loan, and the down payment is sufficient to keep you right side up, add the loan amount to the $300 for the total monthly budget.

One of the biggest mistakes I see young people make is the focus on the "price" of the car without factoring in the total cost of ownership. As Dave said, it will eat you alive with expenses. Yes, it will.
 

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Not sure why a RL will cost you more than the base. Knock on wood, with mine so far it's been Super Plus 98 goes in, and fun times come out.

(OK--I did have to change one of the VVT actuators; ~$50. All of the other money I've spent on the car wasn't RL specific, and wasn't very much, either, passenger air bag sensor not withstanding.)
 

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FWIW I never add in depreciation as something to budget for. Of course it is a depreciating asset, but putting aside $300/mo for mostly depreciation seems silly. Give it 2 years and you have your car plus six grand sitting around, just for the heck of it.


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FWIW I never add in depreciation as something to budget for. Of course it is a depreciating asset, but putting aside $300/mo for mostly depreciation seems silly. Give it 2 years and you have your car plus six grand sitting around, just for the heck of it.

That was only $100/Mo for depreciation, and for loan situations where the value of the car is less than money owed. Many times I've seen young folk with limited means (and maybe a few older folk as well) get upside down on a loan. They find themselves in a "must sell" situation (often due to finances) or the car gets "totaled" and the car's value is less than the loan balance.

Better to have a grand or two in the bank to cover a bad day, than to need a grand or two and not have it.

I noted that if the down payment covered the depreciation, then don't need to factor it in to the budget. I guess I could have also mentioned "gap" insurance.
 

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I want to add my 2 cents (or "pile on" as the case may be).
Realize that everyone on this list can identify with your taste for a Sky.
Also, you are wise to seek some opinions and to have given thought to your monetary situation already.
Aside from $ and maintenance, the Sky, et al, is a toy, essentially.
Unless you already possess the tools, skills, and a garage to work on a car, you should consider that something easier and cheaper to maintain will not rob you of a personal life in college. You may find it better to have some room to tote books, projects, and other people occasionally. You want something's that handles well: several Hondas/Acuras (not all) have double wishbone suspensions that are great. You want to save more: parts for a Ford focus are cheap (relatively speaking, at least). The good part about these is that they can be cheap to buy, easier to live with, and can be bought and sold more easily. You can pick one, and if you don't like it, trade it for something else without suffering too much. Then you will gain experience of what you really like/want. Your desire for a Sky may increase, but it may not. Do not worry about missing out; There will always be something out there to capture your interest the next year...and there will always be used Sky's. Overall, before going so far as to get a car like a Sky, get something else first, and get a year of college under your belt. Adjust to your new life first.
 

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There has been a lot of advice given here. Most of it has been to advise the OP against buying a Sky at this time in his life.
I haven't seen where the OP has responded to any of the posts and I doubt he has even been back to read them so we probably can end this discussion unless we hear from him again.
 

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Well, the OP did say he already had his mind made up. Was just looking for independent validation. His "family" already stated he wasn't making a good decision...and we pretty much backed up his "family".

As most of us old farts know, you gotta experience failure to learn about failure. I remember this exchange between a student and a successful businessman:

Student: How did you become successful?
Businessman: Good decisions.
Student: How did you learn how to make good decisions?
Businessman: Bad decisions.

OP is young and "in love". Hope the decision isn't too bad.
 

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Well, the OP did say he already had his mind made up. Was just looking for independent validation. His "family" already stated he wasn't making a good decision...and we pretty much backed up his "family".
Well he did say 'pretty much made up' but yeah, at that age that means the decision has been made.

Guess we should ask for his parents email address next time so we can offer advice directly - I'm betting they aren't ever going to read this thread....

Bogie, you are nominated next time this happens. You can create a standard post to such people:

"What, you parents don't think you should have a sports car instead of going to college? The nerve. Send me their email; address so I can give them a piece of my mind..."

Might even work!
 

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Well, the OP did say he already had his mind made up. Was just looking for independent validation. His "family" already stated he wasn't making a good decision...and we pretty much backed up his "family".

As most of us old farts know, you gotta experience failure to learn about failure. I remember this exchange between a student and a successful businessman:

Student: How did you become successful?
Businessman: Good decisions.
Student: How did you learn how to make good decisions?
Businessman: Bad decisions.

OP is young and "in love". Hope the decision isn't too bad.
I like the corollary:
Smart people learn from their mistakes;
Really smart people learn from others' mistakes.
 
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