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Old 06-17-2010, 07:42 PM   #116 (permalink)
Phimosis
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Location: Oildale, CA
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Quote:
Originally Posted by AK370Z View Post
too. Nothing like having extra cash money saved up in your bank. I know many doctors who drive beat up POS cars, not sure why (as a matter of fact, I know a Radiologist who drives a old 96 Toyota Corolla ). That's IMO is ridiculous. What you're doing is not a bad idea. Driving a nice sports car for yourself (most likely will be supercharged and nicely tuned) and then have a nice family sedan like CTS-V (one of only GM cars I will drive) or BMW M3 sedan. I love the CTS-V interior
Haha! One of my radiologist colleagues drives a '98 Camry with a missing hubcap. The hubcap has been missing for the 3 years I worked with her! OMG. I'm sure she's got mad money though.

On the CTS-V, either get in a group that offers you a car as part of the employment package or do some consulting or per diem work that gets paid as 1099 income rather than as W-2 income. Then you can get the CTS-V on lease and write it off as well as a fraction of your mortgage or rent for your home office. Better yet, Find a CPA with a good reputation for being...well....creative.... then pay him for a one hour consultation to get advice on what to buy/lease to maximize your tax benefits, then start spending that cash!

For myself, I have a Toyota yaris as my daily driver and the 370 as my weekend car. Because my cost of living is low, I sits on big piles o' cash. Took my car to Stillen in Orange County yesterday and dropped it off to get the supercharger, lightened flywheel, clutch, canards and splitter installed. After install, tax and whatnot it's $9,500. Nice to write a check for the total, not stress over it and not worry that I might blow the engine and need a whole new vq37. If you own an R8 or GT3 it'll run what.... $30,000 for a new engine?

Last edited by Phimosis; 06-17-2010 at 07:47 PM.
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