Feedback on Future Car Plans
Joined: Dec 2003
Posts: 1,410
Likes: 6
From: Plano, TX
Feedback on Future Car Plans
Looking for feedback.... Let's say hypothetically you had $8000 to spend on your car. You have 2 options you are considering:
1. Add a GTM supercharger to your current car with a few supporting mods (oil cooler, gauges, and eventually clutch/flywheel).
2. Sell your current car, and buy a new one. Selling the car will net close to $10k, and when combined with the $8k, it would amount to about a $18k down payment on either a used 08-09 BMW M3 or a new Audi S4 (this would be about the same as the current car payment), or maybe something like a used 09 Nissan GTR (if you wanted to stretch things a little....).
What would you do?
1. Add a GTM supercharger to your current car with a few supporting mods (oil cooler, gauges, and eventually clutch/flywheel).
2. Sell your current car, and buy a new one. Selling the car will net close to $10k, and when combined with the $8k, it would amount to about a $18k down payment on either a used 08-09 BMW M3 or a new Audi S4 (this would be about the same as the current car payment), or maybe something like a used 09 Nissan GTR (if you wanted to stretch things a little....).
What would you do?
Thats what I would do.. I hate payments and hope to have my car for a few years after its paid off.
After that Ill more than likely get a boring daily. Then the Wife and I are going to be working on a project car together. (its great being married to a car chick!)
After that Ill more than likely get a boring daily. Then the Wife and I are going to be working on a project car together. (its great being married to a car chick!)
Joined: Dec 2003
Posts: 1,410
Likes: 6
From: Plano, TX
Let's take saving the money, or using the money to pay the car off out of the equation. Pretend like the $8k is free money (I know it is hard to do). It is actually my tax return, so it is not even close to free, but I have somehow convinced myself that it is. Don't ruin it for me...lol.
I could/can pay cash for the car even without the $8k, but my car loan is close to 0% interest. That same money made me a 40% ROI last year, and I would have cost myself over $6000 in earnings if I had paid the car off. I would rather not pay the car off at this point really for that reason alone. I hate debt as much as the next person, but not all debt is terrible in my eyes. I actually don't think paying cash for a car/house is always the best idea. I can usually make a lot more on an investment with that same money. I know, I know, you can say the same thing about the $8k, but I have already made my mind up that I am spending it one way or another.
My main goal when buying a car/house is to get a low interest rate, and put enough down to never be close to upside down. That is really it. Call me crazy, but it has always worked out for me. Now if the market tanks again, I may change my tune....
I could/can pay cash for the car even without the $8k, but my car loan is close to 0% interest. That same money made me a 40% ROI last year, and I would have cost myself over $6000 in earnings if I had paid the car off. I would rather not pay the car off at this point really for that reason alone. I hate debt as much as the next person, but not all debt is terrible in my eyes. I actually don't think paying cash for a car/house is always the best idea. I can usually make a lot more on an investment with that same money. I know, I know, you can say the same thing about the $8k, but I have already made my mind up that I am spending it one way or another.
My main goal when buying a car/house is to get a low interest rate, and put enough down to never be close to upside down. That is really it. Call me crazy, but it has always worked out for me. Now if the market tanks again, I may change my tune....
Trending Topics
Joined: Dec 2003
Posts: 1,410
Likes: 6
From: Plano, TX
The GTR is probably a bit of a reach for a lot of reasons. I think realistically I am down to the M3, S4, or keeping the G. I am not in a hurry, but I am going to do something in the next 3-6 months.
I am so torn, and I have gone back and forth probably 50 times over the last few months. I was convinced last night that I was keeping the G and boosting it, that I was in love with it, and have always loved the Z/G in general. Then I woke up this morning thinking it is crazy to sink another $8k into my car when I could get into one of my "dream" cars for that. The hardest thing for me to overcome is that I have been a "Nissan" guy for a really long time. I don't know a lot about other platforms, but I have always wanted an M3....
I am so torn, and I have gone back and forth probably 50 times over the last few months. I was convinced last night that I was keeping the G and boosting it, that I was in love with it, and have always loved the Z/G in general. Then I woke up this morning thinking it is crazy to sink another $8k into my car when I could get into one of my "dream" cars for that. The hardest thing for me to overcome is that I have been a "Nissan" guy for a really long time. I don't know a lot about other platforms, but I have always wanted an M3....
Joined: Dec 2003
Posts: 1,410
Likes: 6
From: Plano, TX
So, that is what got me back on this this morning. I was all set to keep the G and add the SC, but then I started thinking about the S4. It is already SC'ed and realistically just as fast as my G would be if it was SC'ed. So, with that said, it was hard to talk myself into SC'ing the G, when I could get into the S4 for the same amount.
Joined: Dec 2003
Posts: 1,410
Likes: 6
From: Plano, TX
Not yet, but as soon as I get serious I will. I will probably test drive the Audi next time I take my Q7 in for service (which should be in the next month). Has anyone driven the E9x M3?
