Cheap car or car loan?

I make $62k a year and I'm 23.

Should I:

* Take out a car loan for $15k-$20k and get a reliable, fun DD. Maybe a BRZ or a Mazda3

or

* Spend $5-10k on a Craigslist and get a 90's sports car that's a gamble on reliability but probably much more fun (pic related)

3k civic or RSX or celica

fuck that dude civics are boring and ugly

How much are your other expenses?
$62k a year is a meaningless number without context.

I have $900 left over at the end of each month

you should do what every young blue collar worker experiencing their first disposable income does: BUY A FULLY LOADED MUSTANG GT AND SMASH IT UP LIKE A NIGGER

Civic hatches are cute as fuck are you retarded?

looks like a minivan, imagine waking up every day and getting in that

How much COH do you have and how secure is your employment? Debt is not a net asset if you do not have decent job security to finance it.

Personally, I would recommend looking at a cheap car you thought was cool when you were younger and pick it up if it's not a known money pit.

How quickly are you going to be able to pay off a $15k-$20k loan? Are we talking a couple of years or you're going to drag it out and then roll it over into another car?

What are you expectations for continued employment and are you also factoring in long-term financial situation?