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Should I get a GT-R?

I would buy 2. And a new Z as well.

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Old 04-17-2014, 10:58 PM   #31 (permalink)
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I would buy 2. And a new Z as well.
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Old 04-17-2014, 10:58 PM   #32 (permalink)
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i didnt even read your post, just the title and the answer is yes.
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Old 04-17-2014, 10:59 PM   #33 (permalink)
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Im fiscally conservative but id say pay down that house #livedebtfree. then in a couple years when the new Toyota Supra comes out buy one of those.
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Old 04-17-2014, 11:00 PM   #34 (permalink)
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Quote:
Originally Posted by DEpointfive0 View Post
Man... $100k to $193k in 30 years is a really shitty ROI
But its better than $80k to $40k in 5 years LOL
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Old 04-17-2014, 11:08 PM   #35 (permalink)
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get the gtr, don't pay off the mortgage. i don't know about your financial situation, but in general, making that kind of loot you need a tax write off... besides, a gtr would just be sweet
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Old 04-17-2014, 11:19 PM   #36 (permalink)
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Quote:
Originally Posted by DEpointfive0 View Post
Man... $100k to $193k in 30 years is a really shitty ROI
Is what it is at 5%, hence if someone got $163k from work, pay that **** off faster! Why make a bank 93k richer?
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Old 04-17-2014, 11:29 PM   #37 (permalink)
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Keep the Z AND get a GT-R. Your garage will only need a Q50 and you will be done
UNKNOWN_370 and cooltoy like this.
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Old 04-17-2014, 11:38 PM   #38 (permalink)
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Any competent mechanics and shops to work on the GTR in your area?
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Old 04-17-2014, 11:42 PM   #39 (permalink)
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As much as I love the gtr and will more than likely be my next car, pay down the mortgage.

I am actually a mortgage banker, and the amount of money you will save on no longer having to pay the interest on your mortgage loan will make it worth it in the long run !!
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Old 04-18-2014, 12:03 AM   #40 (permalink)
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Payoff your house and keep the Z

You can get a GT-R later after you have paid down your debt. Last thing you need is for something to happen to your job and you have both a mortgage and 2 sports cars to payoff

Nothing in life is guaranteed
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Old 04-18-2014, 12:28 AM   #41 (permalink)
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The fact that you are making car payments on the Z and are even worried about insurance costs answers your question...

You can always buy one in a year or two once (paying down your house payment is also not the best thing to do)....

If you buy it I'll keep an eye out for the inevitable "Selling GT-R cheap, something came up and can't keep her" thread.
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Old 04-18-2014, 12:31 AM   #42 (permalink)
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Boost the Z and pay down the house!!!!
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Old 04-18-2014, 01:22 AM   #43 (permalink)
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Quote:
Originally Posted by Waizzz View Post
Payoff your house and keep the Z

You can get a GT-R later after you have paid down your debt. Last thing you need is for something to happen to your job and you have both a mortgage and 2 sports cars to payoff

Nothing in life is guaranteed
Well I think he'd pay cash for the gtr. So he could sell for a used price of like 20% off buying if he needed cash ASAP but I agree with you.
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Old 04-18-2014, 01:29 AM   #44 (permalink)
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Quote:
Originally Posted by ts-c63 View Post
As much as I love the gtr and will more than likely be my next car, pay down the mortgage.

I am actually a mortgage banker, and the amount of money you will save on no longer having to pay the interest on your mortgage loan will make it worth it in the long run !!
Honestly the money in interest doesn't even bother me that much. I think the biggest reason to pay off my mortgage is so I could survive on really low cash-flow if I needed to or alternatively be able to save tons of money every month by not having a housepayment. Of course insurance and taxes still do cost a decent amount.

Even though I am semi-near L.A. I am far enough (right on the border of chino) that the houses are actually semi reasonable here. My house was only 260k (single-story 3 bd 2 bath, 1700 square feet) when I bought it 4 years ago and its actually now worth 340k.

I could have just paid for my Z in cash but why blow threw a huge chunk of my savings just to avoid a bit of interest? Honestly I am glad I did not because that money ended up being extremely usefull in allowing me to invest more in the company I work at which is part of the reason I am getting a big payout in the next few weeks (more than enough to buy a GT-R for cash if I wanted).

Maybe I just need to go test drive one and see if I like it but do dealers even let people test drive? even with >200k in the bank I would still be concerned about monthly effect on cashflow and insurance and stuff does matter. There is a good chance I could very well afford a GT-R even with a big hike in insurance already on my base salary without the huge checks I will be getting. I would like to still live within my means even if I get a decent sized payout.
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Old 04-18-2014, 04:46 AM   #45 (permalink)
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While it appears you have a nice little sum cash and decent income, I wouldn't do it. All you're doing by getting the GTR and keeping the Z is dramatically increasing your expenses in depreciating assets.

At age 28 I would invest the money in a diversified portfolio and build it up. When these investments build up more then use the dividends or income to pay the GTR bill. Leave or re-invest all the capital gains from these investments so your total portfolio balance increases. Be a little more patient, it's not like you have a crappy car now.

As for paying off your mortgage, it depends on what your interest rate is. Example, if your mortgage is 3%, and your investments average an annual rate of return of 8%, why use the investment money to pay off the mortgage? But you have to invest the additional money.

Let your money work for you instead of you working for your money. Short term sacrifice results in long term pleasure while short term pleasure results in long term suffering.

Sorry to be a party pooper but you seem to be in a great position to set yourself up for a nice financial future and get the GTR much easier several years down the road.

Good luck to you on whatever you decide.
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