Buy the GT-R and put the rest towards the mortgage. You could potentially die today or tomorrow and you'll miss out on living life! If you're too conservative all your
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04-18-2014, 06:42 AM | #46 (permalink) |
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Buy the GT-R and put the rest towards the mortgage.
You could potentially die today or tomorrow and you'll miss out on living life! If you're too conservative all your life you're going to miss out on all it has to offer!
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04-18-2014, 06:45 AM | #47 (permalink) | |
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04-18-2014, 08:05 AM | #50 (permalink) | |
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This is the best advice so far in this thread. |
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04-18-2014, 08:12 AM | #51 (permalink) |
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$1100 a month car payment is absurd imo. pay off the z then go upgrade. driving a payed off Z is so much more satisfying
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04-18-2014, 08:37 AM | #52 (permalink) | |
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100k a year isn't THAT much for a car this expensive + insurance + mortgage + living expenses. Don't buy it.
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04-18-2014, 09:48 AM | #53 (permalink) |
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I like this advice. I agree with the fiscally conservative recommendations made thus far, but it sounds like you want to (and deserve to) splurge a little. Boosting the Z will make it even more fun to drive than it already is, plus you mentioned you prefer its looks to the GTR. Split the rest between some investments and the mortgage.
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04-18-2014, 09:55 AM | #54 (permalink) |
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I say you should look into getting a used Gallardo. One can be easily found for under 100k. Maintenace & insurance is about the same as a GTR, but you get a Lambo
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04-18-2014, 10:04 AM | #56 (permalink) |
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I was going to say you would make way more than enough money to buy a GTR and easily pay your mortgage in a reasonable manner, but then I read you live in Cali lol. I wouldn't do it lol. If you made ~$150k here in Memphis you could live like a king.
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04-18-2014, 10:40 AM | #58 (permalink) | |
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I know financially it makes more sense to invest than pay off your mortgage but honestly there is risks involved in doing that where as if you pay your mortgage off its done, forever. Also the difference it can make in cash flow can be really nice so I think I would still like to try to pay it off but maybe invest in the interim until I have enough to do that.
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Oh yeah, I am very aware, Actually the number I gave was after factoring in a 40% loss due to taxes. Actual raw amount (which will come in as income) should be in the 190-250k range. |
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04-18-2014, 10:45 AM | #59 (permalink) | ||
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Seriously? Take a nice vacation so you can feel like you bought yourself something. Pay off the Z if you've still got a note. Make the house the only debt you have. Invest the rest. Revisit the GTR decision after a year of the new salary. Or wait for the redesigned GTR to crater the resale of the current ones and buy a 2013 or 2014 from someone who has to have the new one.
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04-18-2014, 10:47 AM | #60 (permalink) |
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Id hate to point out the obvious but your posts make me think you are not financially ready to commit to this idea and want someone to talk you into it. I used to do the same thing when I wanted my first sports car, my first Rolex, my first boat all when I was your age. I wanted everyone to convince me it was the right decision to justify a predetermined bad choice. Instead I invested the money I had earned and saved, bought a house, started a family, all of which are very expensive and it turned out to be the right decision. The truth is even with that payout, the money would be much better and more wisely spent in 100 other ways than buying a GT-R. The GT-R will always be there, and so will a lot of other cars in the future that will make you want them instead of the GT-R. Is the GT-R fun, sure but want to know what is more fun, seeing 7 figures in your bank account! You are still very young, give it a few years and let that capital you are making work for you and earn more every month so that you can just say one day screw it, today im going to buy the 2017 GT-R and just flat out be able to afford it
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