Do I keep my 2003 G35 Silver 4 Door Sedan with Tan interior and 59,200 miles that is paid and put 4-5k in wheels tires, aero package etc.

or

do I buy an 2009 G37 BLue Slate 4 door Sedan with black interior with 15,000 miles for $26.500 and have a car loan again

I have been going back and forth for about a week now and would like to know other thoughts. The reason for the uncertainty is that I could be putting more money away for my kids college education or should I let them figure that out and have fun with my money???

 

LOL, No one can help you decide what you do with YOUR money.
Do what you think is right. College for kids or a new car for you?

 

I've been thinking about trading up also... but the idea of having a car payment again is not welcoming.

 

that's great deal. where are you getting that from?

 

I'd just keep the one you got since it's paid for. You've got low miles for a 2003 and it'll save you money in the long run to keep it. Personally, I hate car loans.... well, actually I just hate owing money in any way period. lol With your car paid for you can splurge on yourself and still have money for the kids too and not have to pick one or the other.

Just my two cents....

 

^x2

 

That's a very general question that is best asked towards a financial adviser not this forum. Your situation totally depends on what your income is every month, what your expenses are, and what your short-term future financial goals are. If you are willing to provide your monthly income, fixed monthly expenses, and are able to sustain all your expenses if you lose your job for a couple months, then we can estimate the monthly payments on the new car and decide if it is reasonable for you.

 

Paid for!

 

As mentioned, this question is better suited for a financial adviser. However, you did post here for a response, so I shall do my part and put in my $0.02. Me being single and not having responsibilities, I would upgrade. If I had children, then I would keep the current car. There are more important things out there than a car and as you mentioned, a college fund is an option. Car payments suck and $26k isn't that much money, but it's another 4-6 years of payments every month. Extra cash is always nice...if you can figure out a way to save it, since most people end up spending the "extra" cash.

 

Keep what you have and make it sicker than a g37, I.e, paintjob, system, interior, supercharger and still have money left over

 

You are remembering to take into account what you could get for the 03 right? I mean there's quite a difference between a $26k debt and a $16k one.

 

^ +1, he could def get more than 10k actually, especially with the nismo, more like 13-14K

 

Hey silverazg35, I'm in the same boat as you man. I have an '03 all paid for 2 years now. Instead of upgrading to a brand new car, I think I'm just going to mod this car a little by little. I probably go with the Stillen body kit first, then header and exhaust. I would concentrate on the exterior first before everything else. The body style of our G's still look pretty good and with a nice body kit to go with it, it will be fresh looking just as the G37s'.

 

Silver, thought I'd give you my opinion if I were in your shoes. I would keep the '03. Reasons why:

1. It's an awesome car and has numerous upgrades
2. Less on insurance
3. Extra money can be put into a nice investment portfolio (may outgrow your 529 college savings acct) and you'd be much happier. Then you can consider a GTR!
4. Car's are just depreciating assets, your kid will appreciate and choose your nursing home when you get older.
5. Economy will be tanking in 2010 you'll regret your purchase.
6. You can buy my 19" Rays

 

Keep your fully paid for car and add a twin turbos! Faster car and no car payments!