LOL - reminds me of a story I just heard about a friend's 350Z he bought. Only had 18,000 miles on it and it seemed like a good deal. Anyhow its been burning about a liter of oil a month. He's cleaning the car out and decides after two years to clean under the seats - finds a receipt to remove a super charger on the car :eek: Anyhow he was planing on building a Stroker now I guess that's a have too....

Point is you start straying from stock for HP you can't use on the street be prepared to spend it all over again....

I wouldn't even finance a car, if I can't pay cash for a toy I don't buy it.

whoa whoa whoa, so you trade stocks yet your asking us if you should get a loan at 10-13% to get mods for your car?

Out of curiosity what are some stocks your invested at right now and or looking at? How much is in your portfolio? Day trade?

As a Fin Adviser, please DO NOT finance any modifications to your vehicle. If I was a foaming at the mouth old fin adv with a pocket protector, I would be telling you financing a depreciating asset such as a car is a bad investment, but live the dream :)

The car has some value, even though it will always be in a state of depreciation. Don't do things to this car that will make it deprecate it even quicker, if you don't pay out of pocket.

Last thing you want to do is end up paying for a car + modifications long after the car is gone IE Repo/Loan/Etc..

wtf! don't listen to anyone. Do what makes you happy. spend some, save some. Its not rocket science. Live life to the fullest! Who wants to work all their life saving money to one day be able to pay cash for their car. You'll be too old to get in and out of it by then.

Given the younger age bracket of most tuners I am certain they don't pay for it up front. And if they do its only because mommy and daddy are somehow helping them with most of the basic necessities such as food, rent, insurance, school and etc.

I also doubt that the majority of that same age bracket is saving up the money to pay for it because though they may be saving the money up for the modifications they are surely running up their credit cards on other thiongs they would normally use cash to pay for.

As for the older segments if they are modding it more than likely is by saving up and doing a little here and a little there though blower and turbo mods are realy not possible that way due to the repeated tuning costs that add up when doing it piecemeal. More than likely they are using their credit power to make the mods and then robbing Peter to pay Paul for 3 or 4 years to pay it off. And by that time they have spent enough on interest to have done the mods twice over.

I doubt if loans are being taken unless it is done against their retirement 401K investments. No bank is going to loan money on an asset that is viewed by them as a liability rather than an asset. Particularly after the wall-stree and bank debacle era we just experienced last year.

So I would say 99% of those doing the high-cost mods are borrowing out their azz in some fashion and ther other 1% can actually afford it without a problem.

And anyone who claims they can easily make such mods are just plain lying out the ying-yang.

You ever see those used car ads like: 1994 Mazda RX7 or 1996 Supra TT with over $50,000 worth of mods, got all receipts and service records, even dyno sheets. Spent over $90,000 including price of car, will take $35,000 OBO need money soon, just got married, bought first home, child on the way, etc.?

But you see these same cars in the ads month after month after month while the asking price drops in increments.

Can you say PYRRHIC VICTORY?

That's fine but almost EVERYBODY says that and they may even mean it (at the time).

I'd be willing to be that a few years down the road, not 1 in 1,000 actually aren't looking to (or wishing they could) sell their car no matter what they said at first. Life (or sometimes just boredom with the car) has a way of happening in spite of your best plans...how many people have an '03 or '04 350 that they've spent tons of money on who now see the GT-R that can hand them their hat (for less money than they've spent on their 350) or the 370 that can in many cases do nearly the same for half the money they've spent not to mention that their car now looks very "dated" even with their modifications.

Again; not trying to put anyone down here...I appreciate what folks do to their vehicles to make they unique...but a dose of reality should always be part of the equation too. :)

I see "welcome to Wal-Mart" or "would you like fries with that" in your retirement future. :bowrofl:

Amen

:iagree: Then when you get in over your head, just declare bankruptcy and start over. Nowadays, I'd be real surprised if banks were tripping over themselves to hand out $15,000 unsecured personal loans and if they do, the rates are 15-20%. Just pay cash. Or put it on your card, get the points, and pay the balance off in full at the end of the month.

day trading yes. portfolio is newhere from 110-115k atm.

ok these r the stocks i bought and sold and the times that i bought and sold from the 18th to the 19th
LNC - buy - 12:33 pm 6143 shares @ 15.95 = 97,980.85 jun 18th
LNC - sell - 1:42 pm 6143 shares @ 15.99 = 98,226.57 jun 18th
WFC - buy - 10:18 am 1682 shares @ 23.66 = 39,819.78 jun 18th
WFC - buy - 10:23 am 2451 shares @ 23.62 = 57,892.62 jun 18th
WFC - sell - 11:23 am 4134 shares @ 23.74 = 98,141.16 jun 18th
CCL - buy - 11:28 am 3920 shares @ 25.08 = 98,313.60 jun 18th
CCL - sell - 12:33 pm 3920 shares @ 25.09 = 98,353.80 jun 18th
MSFT - buy - 9:40 am 2475 shares @ 23.51 = 58,187.25 jun 18th
MSFT - sell - 10:23 am 2475 shares @ 23.47 = 58,088.25 jun 18th
MSFT - buy - 10:11 am 4232 shares @ 24.17 = 102,287.44 jun 19th
MSFT - sell - 11:23 am 4196 shares @ 24.23 = 101,669.08 jun 19th
MSFT - sell - 11:43 am 36 shares @ 24.17 = 870.12 jun 19th
SIRI - buy - 9:40 am 101881 shares @ .41 = 41,771.21 jun 18th
SIRI - sell - 10:10 am 101881 shares @ .39 = 39,733.59 jun 18th
CI - buy - 3:23 pm 4167 shares @ 23.65 = 98,549.55 jun 18th
CI - sell - 9:58 am 4167 shares @ 24.92 = 103,841.64 jun 19th
KMX - buy - 11:28 am 6847 shares @ 14.96 = 102,431.12 jun 19th
KMX - sell - 11:43 am 6847 shares @ 14.89 = 101,951.83



yes ive seen that before, but unless i have a seriously bad trade and my 100k+ drops to like 10-20k i wont have to sell this car

also im paying out of state tuition at tx state, insurance, food, credit cards, and well everything else.
oh and car was paid for in cash so theres no monthly payments on that

EDIT:
Im currently in school to get my MBA so i doubt id ever work for walmart or any fast food place. also im making great money with the stocks (for now) so i might not need a fulltime job. its not guranteed but im making 5-20k a month (yes i have losses but overall im + every month) and the more money i make the more i can invest with so i make more. so maybe ill get a job to keep me busy but for now im gonna keep doing stocks til it doesnt work nemore

How long until you grad? Do you have solid job prospects when you do? Id wait until you graduate, then once your stable think about going all out. I could pay cash for the mods but that would clear out my savings so I think Ill wait until I go to Iraq next year and use that money. And think by then what advancements the mod scene would have for this car!

just started college :) so 4 + 2 for the masters as for a solid job my uncle is high up in management at J&J so hes got me a job lined up. i was also thinking of waiting til i graduate. id have less bills to pay then :p
ps. gl in irag i got a few friends there atm and 1 in germany

I call BS on your $5-29k a month. how about a screenshot of your portfolio?