Yes. It is worth it.
Good advice, starting a good steady job will my first step to acquiring this car. I have almost 2000 saved plus I'm hoping to get 2500 from trading in the Jetta, and I might get my parents to help a bit with the down payment for my birthday. Just trying to get the monthly payment as low as possible and bracing for the huge insurance payments I'm going to have to pay. :nailbiting:I'd save up a little more in your situation. I'm waiting to graduate college and then getting a decent stable job and save a reasonable amount for a down payment before I make my purchase.
This.If you can't afford to put down at least 20%, you can't afford the car. .. ANY CAR. Financial stability FIRST.. .. The car IS great, no doubt, but not worth risking your financial future. .. The 20% rule is so that you are never upside down on a loan. That way if things turn to crap, you don't owe more on the car than it is worth on the market.
Believe it or not, my initial insurance quote from State Farm was HIGHER on the Fiesta ST than on my outgoing Mazda Speed3. I was flabbergasted. I changed my deductibles and coverage slightly to get to about $30.00 a month less.Someone could correct me on this, but from what I've heard the insurance costs the same for the regular Fiesta as it does the Fiesta ST since ST is just a trim level, not a performance model to insurance companies. That would make the insurance cost fairly low. Still high since you're under 25, but lower than a BMW, Merc, etc... Unless you decide to get a bunch of traffic tickets with it, then that's another story...
As for me, I really hope I can budget the car payments in a couple years. I can't imagine the Fiesta ST will stick around for more than a couple years before they either update it or drop it and I really want a new one of this generation. I just hope I start out in a new job making a decent amount of money so I can really start saving for the down payment. My car won't be worth crap on trade so I need to sell private party. At this point I really am living beyond my means while attempting to actually save money. I had failed so far until last semester when I actually started seeing some gains until I had to pull out a bit to be able to afford bills. Being a college student working about 26-28 hours a week doesn't net you a lot of money. But working more than that while keeping up in school means no free time. You gotta be really good at budgeting, but I always tend to find that one "thing" I must have every so often which costs me that much more money. For a long time I kept spending more and more money modding my car. That really does eat your money away. Having not spent all the money I have on my car I likely would have a decent down payment saved for a new car if not have one mostly paid off. I'm actually looking at slowly selling off some of my car's parts to see if I can regain a little of that money to put towards my savings. I may not enjoy my car as much without those parts, but I know I'll enjoy the car I'm saving for. And I know mods don't up a car's value when selling it, it actually makes it harder to sell so selling off the mods now will make me a bit more in the long run.
Our insurance went up ~5% over the Infiniti.Believe it or not, my initial insurance quote from State Farm was HIGHER on the Fiesta ST than on my outgoing Mazda Speed3. I was flabbergasted. I changed my deductibles and coverage slightly to get to about $30.00 a month less.
Same here. I actually asked my insurance agent twice if he had the right VIN checking if it pulls up the car info correctly. I stopped short of telling him how the ST differs....
Having moved up from a 2012 Fiesta SE to a 2014 Fiesta ST I was surprised how little my insurance went up. Maybe 60 bucks for 6 months?