Talk me out of getting a GR86
Hey everyone, I'm a recent grad moving to the west coast, near SF, and I'm currently trying to find housing and a car. I've been driving for about 4 years now, mostly my folks' cars (Both FWDs), and I'm looking to get one of my own. I wanted to get a nice looking coupe with some decent practicality, and I heard a ton about the Toyota 86 / Subaru BRZ / Scion FRS. However, there's a voice in the back of my head saying this is a stupid idea for a few reasons:
- I'm like 20 and this is a sports car. I got a couple insurance quotes and it looks like it'd be about 200/mo, which isn't particularly great. This is on top of the actual car payment, which would be around 300/mo.
- Gas in the bay area is currently 7/gal, and the premium stuff that the 86 wants would put it close to 8. So, fiscally speaking, getting a used EV like a nissan leaf or a tesla model 3 might be a better idea.
- Getting a cheaper car / no car at all will let me spend more on housing, so I have more options that are closer to groceries/public transport/gym.
Now, points for the car:
- I'm 21 and this is a sports car. Long-term, I'm planning to start a family, and realistically I don't know if I'd have the liberty to splurge on a car like this in the future. Might as well have some fun when I can.
- It's beautiful.
- Technically, this applies to any car, but getting one will open up more housing choices since I can find cheaper housing further away from my work. I was looking for housing along the 280 freeway especially since I hear it's gorgeous.
- I've always wanted to get into cars a lot more, doing my own maintenance and all. From what I've heard, this is a great car to do that with. I'll be taking care of it like it's my own child.
- I've talked with a few of my friends in the bay area and, though it's entirely possible to live without a car, doing much outside your immediate area isn't really possible (or at least it's significantly more annoying).
There's a few more points but those are some of the big ones. Now, in terms of my financials, here's the breakdown. I'll be making around 10k/mo cash after all taxes, and I'm budgeting 3.5 for rent, 3k for investments (roth/401, which is in addition to like ~20k/mo of stock that I'll be getting and immediately saving), and the remaining 3k for food/discretionary.
Realistically, what I'm thinking is just not getting a car for a year, figuring out how the bay area actually is to live in, and then based on that getting a car. But in any case I'd like some inputs from the people here who are much older (and hopefully a lot wiser) than I am. Thanks!