Way to go man. Making this **** more complicated for me.
I thought I only have two options, but you give me two more
I DON'T KNOW WHAT TO DO NOOOOOOOOOOW.

j/k


I got your point. But with that said I think you should go further then that. If you are trying to save money to retire sooner then there is allot more to it then just moding the car. Starbucks, expensive clothes and much much more.
So far I got a good retirement plan worked out, and taking 10k out of my " PILE OF MONEY " will not hurt it, but I'll make that decision when I get to the split in the road.

 

Ok I'm just confuse how will #2 and #4 will just be 6K difference? by end of 09 his 05 will also depreciate more and the trade in value will be much less that what is today and I don't think the price of 09 will go down either since Manufacturer tend to raise the price every year/model. I guess you're hoping you'll get a good gain from investment from the 10K you'll put in..hhhhmmm Assuming you enter the stock market and unless you know what you're doing then 30% gain is very doable or even more but there is also a risk that you might end up with just 5% gain or worst no gain or even a lost.

 

What do you mean what is the point of financing a depreciating asset is a bad idea? Basically, you are not looking at the whole picture here. For some, time is money and so is opportunity cost. In this case, what is the cost of your "enjoyment" worth? There's no real answer to this question but is dependent of the individual and what the place (in terms of costs) on their enjoyment time. So, instead of driving a nice car 5 years that you want, you are driving a not so nice car for that 5 years while you save up for your car. So, you are giving up that 5 years of "enjoyment cost" so that you wouldn't have to pay the interest on the loan of the car. For me, driving a nice car, the enjoyment I get from having a nice car, and the piece of mind of having a warrantee'ed car for 5 years while I pay it off will more then offset the interest you pay on the loan of the car. Just my opinion though.

Who said the 05 will be worth $13K by september? I think that is really low-balling the figure.

 

i mean, basically you win some, you loose some.........it really depends on how much flow you got, and ultimatley you know the 2 decisions, either mod it hard and keep it for a while, but in the long run you will encounter problems and difficulties.....or get the 08 koop, and pray for the best........good luck with the decision, in the end it will all work out

 

Gee, what a problem to be stuck with...

 

Mephisomyhero,

Good point. This is the true answer to the problem; Enjoyment Worth. A full finance of a car, graphically speaking, probably looks inversely to buying a car;* at the same time.


I just think it is better to wait till you have the money to buy. Would you rather swim into a wave or swim down its back?

 

Not sure about your analogy However, some people finance beyond their means and that isn't good. Also, what is your "enjoyment" worth? This also goes the other way: Can you enjoy doing other things with the money (interest rate that you saved) that would have been used for financing the car? That is another aspect too. At the end of the day, what ever makes you enjoy your time and money more, that is the right answer

 

+1000

IMHO - They ruined the tail lights and the Bluetooth doesnt work for ****