Should I get a GT-R?
 

Kind of been playing with the idea of getting a GT-R. Basically due to something with my work in the next few weeks I will probably be getting paid out upwards of $120-160k (exact amount is unknown). Its not enough to pay off my mortgage and I should also be getting a bump in my salary (currently making around 100k) but I have no clue how much of a bump. My payments on my 370z (which are almost done) are currently ~$500 and for quite a while I was paying $400/month for my internet and now I pay a lot less for my internet so it seems like the payments would be around $1100/month for a 60k loan on a used GTR with a modest down-payment. This amount seems actually pretty easily doable for me especially if I get a 10-15% bump in salary which it could possibly be even more (some weird circumstances at work I can't go into).

I really don't want to use any of that money I am getting and want to either invest or keep in a savings account to eventually pay off my house so even though I could buy a brand new GT-R in cash I don't think I would do that especially with the 2.5% financing right now. I know there are a few members on here who have both or had a GT-R and went back. I am curious how they liked it compared to the 370z? I am a pretty hard-core manual driver and this is actually the only car I would ever consider getting in an automatic (although with the way the transmission is I don't even know if it should be considered 'automatic).

I guess I wonder if those who are similar to me who have driven both what they think. I know the rear seats are super tiny but the very rare cases I need 3 seats its usually with my sister and she is super tiny so she could probably fit back there and the idea of having 4 seats is kind of nice.

Should I actually get a GT-R or am do you guys suggest I just pay off my Z and save my money and pay my house loan off faster?

My other concern is insurance. My insurance is currently $70/month on my 370Z (I am a male, 28 years old). Its not really a problem if the insurance goes up to $200 or so but if I get dinged with $600/month or something on insurance this may become a no-deal for me. Curious what the other Z drivers think. I think I would still keep my Z and occasionally drive that as well and it be my backup car.

The fact that you're thinking about it is nonsense...just do it, you won't regret it :D

Yes! What kind of question is that?

Try to pay down your mortgage first.

Sure, why not?

Sort of personal but what do you do for a living lol ?

You clearly make enough to not worry about the cost of buying a GTR LOL. So yes, buy one.

I own both. I really love my 370Z and the manual transmission with Synchro Rev Match, and I put a lot of money into my car. And since the value is plummeting, I decided might as well just keep it!

I got my 2010 GT-R in Feb. It's awesome! You won't regret it, but the 370Z is funner to drive and handles better so if you can, keep the Z. (Z is upgraded with full bolt ons, full exhaust, sways and Swift springs though, GT-R is stock. I'm sure with sways and coils the GT-R would handle a lot better...)

And it sounds like you can EASILY afford to keep the Z so do that! Problem solved!

What baffles me is you are on a car forums asking car enthusiasts whether you should or shouldn't get GTR. Of course 99% of the answer is yes.

You know about your financial status and priorities more than anyone else here so ultimately it is up to you to decided whether it is worth the "investment" (we all know it is gonna depreciate)

is a GTR one of the best "bang for your buck" car you can get, if you do have the extra 100k you can spend and still live a worry free life, i dont see why not?

Dude everything here is wrong... Pay off your mortgage first. That's the most important debt you have. Then once it's paid off just buy a GTR or a brand new GTR. Remember that one of the main reason you got a job is to put a roof over your head. Plus the faster you payoff your mort. The more you'll save.... All that interest. Good luck either way.

Yes the smart move would be to keep the Z, pay it off and then pay off your mortgage. BUT life is SHORT and you only live ONCE! Pay the Z off, then get the GT-R! You are/were paying $500 for it, a few extra hundred you can get a GT-R. Heck, get rid of your $400 internet bill (WTF?) and get the GT-R ! ;)

/\
|
|
What he said.


Sent from my iPad using Tapatalk - now Free

I'm not going to superimpose my values on the OP. I know nothing about his financial situation except that it's not my problem and it's none of my business.

Keep the Z, buy a house - interest rates are stupid right now ... wait a year and ask yourself the same question again. Meanwhile, keep as much cash in your account as you can, cash is King and sh*t changes from one day to the next.

Lol then you should not have posted on this thread.......

Smart thing would be mortgage. Then buy used. No need for you to lose all the depreciation on a car.

Really the 370z handles better? I think I would definitely keep the Z since I would still probably feel in the mood for a pure manual transmission car now and then and I still love Z's. I actually think the Z looks a lot better than the GT-R. If the Z really handles better that would effect my decision a lot as I thought a GT-R handled better. I didn't want to get one just for better strait-line speed.

I actually bought the house in 2010 a few months before I got the Z. The issue is whether I should aim to pay down the mortgage faster or get a GT-R. And I plan on only paying off my mortgage if I can completely pay it off (not make large payments for a long time). Until I am ready to completely pay it off and have a buffer I do think its much better to have a large buffer of cash just in case. This is also why if I did get a GT-R I would still get a loan despite being able to pay for it with cash.

I would never buy a GTR with the crappy *** roads we have in LA. Imagine the first bent rim or rotor?

Plus - it will never appreciate. I can tell you that up here in LA - you need to make a lot more than 100k to live really well. My HHI is 3x yours (not braggin, just saying) - and we don't have that much extra money. And we are not extravagant (I've switched cars often but have an FX and ZR now). The cost of living here is crazy - so if you can pay down the house, that's what I would do. I won't buy my real dream cars until I move out of LA.

That's all I have to say.

yes

Since he asked, I will. I guess I'm in the minority here..imho that's not nearly enough money to be buying a car that expensive, but I tend to be conservative with my money. Affording the payments =/= Affording the car. Payoff debt, purchase with cash. $1,100/mth on a car? All I can think about are all the other things I could do with that each month. While I consider myself a car enthusiast, I do understand everyone has their own limits and what they value. I don't judge other people and what they do with their money, and the decision is yours, but that's just my two cents. :tup:

You can get a used GT-R, 2009/2010 in the low to mid 60K range. Much better move than buying a new one.

Should I get a GT-R?
 

There's a red '09 (my buddies previous one) in Phx for less than 70 and a West Coast Customs Mint Green painted '12 in Scottsdale for about 84 that you could talk down immensely.

All depends if you want to make the flight and ship, or new. Both less than 10k miles I believe.


TapaTalk for iPhone.

WAY too much for that 09, are they smoking crack? The 12 price is ok.

Fat fingered the first price.

The second, yes, which is why you could talk them down a ton.


TapaTalk for iPhone.

:iagree: plus a paid off house lasts all your life.

And you get it back when you sell if the market doesn't crash again for the 17th time in this country! A 100k house will cost you $193,000 in 30 years. A gtr will only plummet. That extra 93k in interest could buy a used car.

Man... $100k to $193k in 30 years is a really shitty ROI

HEEEEEEEEEEEEEEEEEEEEELLLLLLLLLLLLLLLLLLLLLLLLLLLL LLLLLLLLLLLLLLLLLLL NO do NOT get a GT-R!!! Never ever!

911 Turbo has your name on it.

Attachment 87206Attachment 87207

Brand new. :drool: I get to ride in it tomorrow... Not that it's really different from the '09. Just quieter (no straight pipe exhaust yet) and an updated interior.


TapaTalk for iPhone.

Here is my 2010.

http://img.tapatalk.com/d/14/04/18/ty4ameza.jpg
http://img.tapatalk.com/d/14/04/18/4e7agype.jpg

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

i didnt even read your post, just the title and the answer is yes.

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.

But its better than $80k to $40k in 5 years LOL

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 :)

Is what it is at 5%, hence if someone got $163k from work, pay that **** off faster! Why make a bank 93k richer?

Keep the Z AND get a GT-R. Your garage will only need a Q50 and you will be done

Any competent mechanics and shops to work on the GTR in your area?

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 !!

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