Well, would they be changing the style on the 08's or what? Right now I have a 1997 Blazer Paid off that my grandma gave to me.. my dads been telling me to just use it for a while, but I donno I've just been so set on getting this car.. I really honestly cant help it!! I'm trying tho

 

Deathwish,

Use the search feature to look up the '08s, I know I've seen posts here about them. Then ask the poster about the info s/he has.

 

I looked, all I could find is information on SC vs Turbo, not anything on looks etc..

 

Trust us dude! WAIT and save your money you will thank yourself for waiting in the long run. We know what were talkin about and were trying to help you.....but i hope whatever happens it it works out weather you get the car now or wait (and you should)

 

Hmmm...well then I guess I stand corrected. But you may also want to check car publications on the net to see what they say.

Either way, the point remains the same. Chances are down the road the car will be improved and may be more appealing than it is now, and later on you should be in a better position to buy that car and truly get what you want without having to scrimp and save and watch your spending like you'll have to at this point.

 

I totally agree 130%

 

bingo!! you already have a car?? save your money dude... trust me, it's not worth it...

 

I was 17 once and as impulsive as you. and i know your not gonna listen to barely a word all these people are saying, but im going to add mine just in the hope that you dont lock yourself into a massive 5 year regret.


first off, take a good listen to the radio/TV next time you hear someone die im a motorvehicle accident where speed was involved.

Again, i was 17 once, and you can swear on your best behavior, but you are going to thrash this car. and as much as it feels like your a good driver, your not. your young and inexperienced, just like all of us were at 17.

I pray if you do get this car you dont end up in a close encounter with a tree like the 2 16 year olds who died racing SRT4's recently in my city.


Secondly. you are at an age where your life is going to be very unstable and insecure as you find out what you want to do with your life. your likely to have 10 different jobs during your 5 year car loan and i can tell you from someone who has been through it, bill collectors on your case is horrible. I have had a stable income for 5 years now of about $65000 a year and im not even close to living to my limits. but there are ALWAYS things that come up in life. things that you dont see coming.


When my wife and I tried to get our first car (a neon) we were turned down. (we were 20)
We tried to get our second car (a Tiburon) and were turned down (we were 22)
and looking back, with all the things that have happened in the last 6 years both of those cars would have gotten reposessed.


Just please, please, listen to the advice of alot of people who have been in this boat.

Buy a 4-5k car. have fun with it. learn to be a competant and safe driver.
get the feel of having serious payments to handle for a while.



I know how a 17 year old will feel about reading all this kind of stuff because people said it to me a hundred times. and i didnt listen. i just thank the lord that i never got approved for the stupid purchases that i was hot after at the time.

 

what do you do online?

 

I host game servers, webhosting, and I also do web deisgn, my business is growing rapidly and I plan to continue working on it throughout college.

Think this is the conclusion I'm coming to:

If I can get my Dad to sign I'll do it, I mean ****, my mom is giving me $300/Month, I might as well.. If not - I'll stick with the shitty blazer and get a better one after.

Thanks for all your input, keep it coming =]

 

Your 17, learn to wait. Patience is a virtue and right now you sound like my 17 year old daughter. Got to have what you want, because you want, right now. Life doesn't work that way. Sometimes the answer you get is, no. Other times it is, wait. I have had my heart set on many cars over the years but reality came first. Waiting won't kill you so just get used to it. One day you will be waiting a lot, waiting for a date, waiting for sex, and even waiting for your 17 year old kids to get home with your prized car. Waiting won't kill you, it will make you a better person in the long run.

 

Although I agree with some of the things said in this thread, I also think it would be a nice thing for you to have a new car. it is such a great experience and I think it teaches responsibility, or rather it builds upon the responsibility you may or may not have.

That being said, I am 18 and I drive the cobalt pictured below. My mom owns the car and I write a check every month to here to cover payment/insurance. Since the lease is not in my name, I am not building any sort of credit by driving it. The plan I have set with my parents is by the time the lease is up, I will have built up enough credit through the credit cards that I use regularly to buy the car. Maybe you could set up some sort of arrangement with your dad? That way, the bank knows that they are going to get their money and if you have to miss a payment for whatever reason then your dad would be more forgiving then the bank would be.

 

Get yourself a nice cobalt coupe or sedan. Filling up after 2-3 times w/premium will hurt your wallet. It costs me $70 a week to drive my SS/SC and I drive 500 miles a week. That's normal freeway with some city. I honestly think you don't need something this crazy quite yet.

My sedan on the other hand only costs $35 a week and I only have to fill up once if I leave the SS sitting.

 

i had the same problem my man the same exact problem and it was at 17 i wanted to get rid of my gtp and get a srt4 or something like that i had like 5000 dollars in cash that i would have put down all my mom had to do was cosign but her credit sucked so i stayed with the gtp and put the 5000 dollars in it and all i can tell you is that boy did i waste a lot of money in my honest opinion your just in it right now to be the big man on campus and be cool at your high school WAIT , the 08 cobalt is gonna be turbo'd or it will at least have more horsepower get a bank account and a credit card get your **** going and then when the 08's come out your gonna be in perfect position your mom will even be a little further out of debt and you will feel like you made the best decision EVER TRUST ME i wish i still had all that money i blew on my gtp PS my gtp is into the ground bc the transmission sucks and im driving an 06 ss/sc now what do you think that 5 grand could do in my cobalt ? alot more than it did in my gtp that i traded and got 7000 for , thats my 2 cents

 

Thanks guys, with so many people telling me this, I guess I'm starting to realise... but heres what I'm gonna do which seems decent to me because I still want the car.

If I can't get my dad to cosign, I'm not gonna get it.. If he can on the other hand I will continue in trying to get it as his credit is very good and I will have about a 6.97% Interest Rate on a 07... However If he wont do it, Ill stick with the Blazer until I have more money saved up.

 

Deathwish,

I am glad you're starting to come around, but you should really just leave out the middle step and save the money.

Unless the Blazer is running poorly, just use it and keep your 6K for the down payment. Better yet, lock that 6k up in a CD or other type of safe investment and grow interest on it, so that in 5 years you'll have all of the 6k and then some that you can use for your car. You can watch that fund grow and with it your dreams and possibilities for what you could by and then how you can mod the car.

Also, to get your mind off the Cobalt, revisit some of your other favorite things and get totally involved in them (so long as you aren't spending money). Plus you are 17, so don't you start senior year soon? Trust me, you'll be busy and your mind will be elsewhere.

 

sounds like a good compromise bud.
financially that sounds like a more stable way to do it.

but ill tell you now it wont be a picnic. and i hope you work hard and make your payments. it will help you build good credit for the future.



the only thing you have left is the fact that your 17. and this car is a damn rocket.

dont buy it to granny it. but i would strongly suggest investing in a defensive driving course. and even some professional agressive driver training.

either way respect the fact that even though you probably have the basics of driving down, your still young and have alot of life to live.
Stay safe and play smart.


keep it off the streets. and if you dont. take it out to the highways.


Good luck.

 

I read through this thread so if I missed this subject, I apologise.

If you think the initial cost of membership in such an august body as the Cobalt Owners Group (I just made that up) is high, wait til you try to insure one. I'd be willing to bet that the insurance cartel is going to break you over a counter and load you like a shotgun. The first thing they're gonna screw you over is the car. Then they'll put the screws to you because of your age. Then, just for ***** n' giggles, they're going to ream, steam and dryclean your wallet over the fact that you don't have any credit. It's not fair to you because even though you seem like a decent, hardworking type, they're lumping you in with the sludge of humanity. It's not in their best interests to treat you better than sludge no matter how wrong they are about you.
One of the fastest ways of building credit is to get a credit card. Do not buy anything with it that you weren't prepared to pay cash for and then pay that item off ASAP. Don't buy anything else with the card until the first item is paid off. If you aren't planning to buy anything with the card while you are out and about, leave the card at home. Don't make the mistake some folks do and confuse debt with credit.
The first time I established credit on anything, I was 35. The insurance cartel is using that fact to jack my rates here at the tender age of 51. So it's a good idea to establish credit as soon as you can. This does mean you will have to wait until you are 18.
A good idea for the here and now is to take the money you would have been making payments with and put it in the bank. The more you save now, the less your payments will be later.
Most of all, have patience. Yeah, I know. Easy for me to say, right? Then I'll leave you with this one thought: 2008 Chevrolet Camaro*. =)

Bob

*Yes, I realize that a Cobalt, ANY Cobalt is Gods gift to surfaced roads, but dayam.

 

From what I've understood, the best way to build credit is with a credit card as you said, but you should also keep a balance running from time to time, so they can see that you are good for the payments. I've read that you should put a few dollars on the card, pay only a little the first month, then pay it off the second month, and do that in cycles. This way the card companys will want to give you a better rate since they see that you can handle using the card and paying it back, which makes you a better gamble in their eyes.

Also, he doesn't have to wait until he's 18. My brother had trouble getting any credit until he was 25 or so, when my mother co-signed a credit card with him. When I turned 16 and got my license, my mother co-signed on a credit card with me. I used it from time to time, kept a running balance sometimes, but mostly paid it off. The second I turned 18 the credit card companies were pounding my doors in wanting me to get a card, and I got one in the lowest interest rate bracket. When I went to get a cell phone at 18, the guys at the store were like, "Wow, you're the first 18 year old we've ever seen pass with "A" credit."

To the OP, like everyone else said, you should wait. If I were you, I would get your father to co-sign on a credit card with you right now. This will start the credit building process now so you'll be further along when you want to get your own credit card or the car loan in your name.