What would u do to 370 if you won 75k

Fountainhead · 04-04-2013, 08:43 PM

Being a practical sort of person (until I bought a Z) I would pay it off, buy tires, and start researching all this fancy hot rod stuff everyone else talks about all the time.

SCORPION · 04-05-2013, 01:41 PM

Put the veilside body kit and gtr engine swap with carbon fiber everything.

Haboob · 04-05-2013, 02:29 PM

Pay it off, invest the rest. $75k isn't much at all unfortunately.

tonybui · 04-05-2013, 02:43 PM

Quote:

Originally Posted by Haboob

Pay it off, invest the rest. $75k isn't much at all unfortunately.

It would be nice to have ....

Haboob · 04-05-2013, 02:47 PM

Quote:

Originally Posted by tonybui

It would be nice to have ....

Oh no doubt, but I wouldn't spend it all on one or two things. It would have to make me money.

I'd never turn down free money, not even a nickel.

ElVee · 04-05-2013, 04:20 PM

Quote:

Originally Posted by Bucketlist2012

All I saw was TAXFREE...

For me, I would never pay off the House...At today's rates being 3.75%, you are borrowing the money for free after deductions...No paying the House..If you have one. Refinance NOW

A paid off house is illiquid and you can get a loan for 3.75% and you can make double that Investing. Some people need a paid off home...With Interest rates below 4%, it is a no brainer....Re finance, or buy a Home with only 20% down.

Second I would invest at least 30K to 50K in Dividend paying stocks and reinvest the dividends...At 7% it will double in 10 years...

Then just for fun, blow 10K to 15K on your car if you want. And bank the rest for unknown futures costs...

Basically, I need this man around me to get my back on the straight path!

ElVee · 04-05-2013, 04:23 PM

Quote:

Originally Posted by Haboob

Oh no doubt, but I wouldn't spend it all on one or two things. It would have to make me money.

I'd never turn down free money, not even a nickel.

That's one of those things you find in poorer parts of the country. People don't have money and even less in the way of money management skills. They come into a sudden chunk of change and they blow it immediately on something frivolous.

For instance, nearly condemnable house....but a huge above-ground pool? Wait...what?

I get buying the toys and stuff, but...

SCORPION · 04-12-2013, 02:31 PM

I see alot of people saying they would invest which I think is the best idea.I think the purpose of this is thread to see what crazy modifications you would do to this particular car with 75k.

Haboob · 04-12-2013, 02:39 PM

Quote:

Originally Posted by SCORPION

I see alot of people saying they would invest which I think is the best idea.I think the purpose of this is thread to see what crazy modifications you would do to this particular car with 75k.

In that case, I'd probably take several performance driving courses, then upgrade the suspension and some more NA mods... maybe go FI, not sure.

Maybe throw some new paint on after a while - I still really like my color.

Maybe a decent sound system (nothing extravagant).

That'd still leave me a ton of money left over. I guess I'd use that for tires.

04-04-2013, 08:43 PM	#121 (permalink)
Fountainhead Track Member Join Date: Feb 2013 Location: FL Posts: 834 Drives: 2019 Civic Type R Rep Power: 15	Being a practical sort of person (until I bought a Z) I would pay it off, buy tires, and start researching all this fancy hot rod stuff everyone else talks about all the time.

04-05-2013, 01:41 PM	#122 (permalink)
SCORPION Base Member Join Date: Jan 2012 Location: THE BAY AREA Posts: 126 Drives: 2010 370z Rep Power: 14	Put the veilside body kit and gtr engine swap with carbon fiber everything.

04-05-2013, 02:29 PM	#123 (permalink)
Haboob A True Z Fanatic Join Date: Aug 2012 Location: Surface of the sun. Posts: 13,159 Drives: '18 GTI Autobahn DSG Rep Power: 1387	Pay it off, invest the rest. $75k isn't much at all unfortunately.

04-12-2013, 02:31 PM	#128 (permalink)
SCORPION Base Member Join Date: Jan 2012 Location: THE BAY AREA Posts: 126 Drives: 2010 370z Rep Power: 14	I see alot of people saying they would invest which I think is the best idea.I think the purpose of this is thread to see what crazy modifications you would do to this particular car with 75k.