Last question guys
I see two options...
You make enough money to have the car paid off in full @ 3 months max
a.) Pay the car off, relieve another bill and enjoy your payment free 350z while saving for a house.
b.) Sell the Z and pay too much for a 240 + SR combo and go all drift/autox happy.
Honestly you'll put at least 7k into the 240 project easily and with that being half of what you owe on your Z, can't say I would call that worth it.
You make enough money to have the car paid off in full @ 3 months max
a.) Pay the car off, relieve another bill and enjoy your payment free 350z while saving for a house.
b.) Sell the Z and pay too much for a 240 + SR combo and go all drift/autox happy.
Honestly you'll put at least 7k into the 240 project easily and with that being half of what you owe on your Z, can't say I would call that worth it.
Originally Posted by Eric the Ricer
You make enough, so take us all out for dinner, and we will discuss it there
forward thinking Eric, nice work!OP: who is to say you will be at this job for long term... you might suddenly acquire the time to drive the car, and then you would be regretting the sell... then again, you can go drop some large dough on another car whenever you want, so is this really a question anymore?
Originally Posted by yusoslo
well my car isnt worth 10k thats for sure. I see 03's go for 14-15k. Anyways it isnt the mean to pay thing. Its just more along the lines as it's kind of rediculous to have a nice car that just sits all week and then gets driven hard and then parked. Thats what I used to do to my rx-7's and E30's and honda's. I am paying about 600 bucks a month for 200 miles of usage.
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sounds good to me. I will buy a 20oz filet migion and you guys can split it. But I only make 435 today so its gonna have to be cheap.
Yeah i think it was just a dream thing cause I pulled in from work and saw the beautiful Z in the driveway and it made my day
Yeah i think it was just a dream thing cause I pulled in from work and saw the beautiful Z in the driveway and it made my day
Originally Posted by yusoslo
sounds good to me. I will buy a 20oz filet migion and you guys can split it. But I only make 435 today so its gonna have to be cheap.
Yeah i think it was just a dream thing cause I pulled in from work and saw the beautiful Z in the driveway and it made my day
Yeah i think it was just a dream thing cause I pulled in from work and saw the beautiful Z in the driveway and it made my day
I made about 100 after taxes...
You like to invest your money but you're making payments (probably with interest) on a loan and you make $8000 / month. ? duhh?
You fail at math or something. I make like half of what you do, and I still have my car paid off and I only have $79,000 left on my mortgage.
Pay your car off, Sell it, buy a neon. who gives a ****? You may 8-12k a month.
Thanks for sharing.
You fail at math or something. I make like half of what you do, and I still have my car paid off and I only have $79,000 left on my mortgage.
Pay your car off, Sell it, buy a neon. who gives a ****? You may 8-12k a month.
Thanks for sharing.
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Well put, I am in the same income bracket and when I purchased my home the finance company didn't like to see new purchases like a car but wanted to see the zeros in your bank account. Save all high value purchases until after you close and then spend, but most likely you'll be spending most your money at Home Depot, Lowe's and Home Design Center 
Originally Posted by Ex2cinaZ
I don't think you'll get 15 for the car with that many miles on it reguardless of modifications (unless it's a stupid nice car with no dings, dents, perfect upholstry ect..) It would be hard for someone to find a loan on a car that old that's priced so far out of book and most people looking to buy in that price range don't have the best credit/ monthly income. Unless you get lucky. Just speaking from experience I sell cars and the market is really rough right now.
That being said, with the stated income you have and your plans to buy a home I would keep as much money in the bank as you can until you actually settle on the house- Mortgage underwriters are going to want to see a fat cushion in the bank (ususally 6 months of income) saved incase shlt hits the fan. Once you settle I'd use that cushion you have saved up to pay off the car, drop monthly insurance down to minimum coverage without collission. Make sure you get your home insured through the same company you use for auto insurance they usually give you a big discount for that.
Don't get rid of the Z!! That wasn't a dream it was a nightmare!
That being said, with the stated income you have and your plans to buy a home I would keep as much money in the bank as you can until you actually settle on the house- Mortgage underwriters are going to want to see a fat cushion in the bank (ususally 6 months of income) saved incase shlt hits the fan. Once you settle I'd use that cushion you have saved up to pay off the car, drop monthly insurance down to minimum coverage without collission. Make sure you get your home insured through the same company you use for auto insurance they usually give you a big discount for that.
Don't get rid of the Z!! That wasn't a dream it was a nightmare!
Last edited by Kempo98; May 10, 2008 at 03:06 AM.
Originally Posted by Kempo98
Well put, I am in the same income bracket and when I purchased my home the finance company didn't like to see new purchases like a car but wanted to see the zeros in your bank account. Save all high value purchases until after you close and then spend, but most likely you'll be spending most your money at Home Depot, Lowe's and Home Design Center
LOL isn't that the Fukin truth!! You never realize how much we depend on stupid small appliances until you need one! Then next thing you know you're leaving Lowes or wal mart and you've spent like a thousand dollars on stuff you don't even want but have to have.
its feeling funky in here.
So let me get this straight, you want to sell the Z and buy a 240 so you can have liability only? you don't want to pay full coverage?
Last time I checked, running #s you're better off having full coverage that will cover you for 15K (what the car might be worth) VS having a car that might turn into a total loss.
On top of that, full coverage is pennies for you.
I have a 2007 GSX-R1000 paid in full 2004 TL 4.6% loan and 2003 boosted 350Z paid in full I make less then HALF of what you make and still easily afford to not have a single bill outside of the car. but at 4.6% I don't mind it.
Somethings very wrong with the life you're living.
So let me get this straight, you want to sell the Z and buy a 240 so you can have liability only? you don't want to pay full coverage?
Last time I checked, running #s you're better off having full coverage that will cover you for 15K (what the car might be worth) VS having a car that might turn into a total loss.
On top of that, full coverage is pennies for you.
I have a 2007 GSX-R1000 paid in full 2004 TL 4.6% loan and 2003 boosted 350Z paid in full I make less then HALF of what you make and still easily afford to not have a single bill outside of the car. but at 4.6% I don't mind it.
Somethings very wrong with the life you're living.
Last edited by jeffie7; May 10, 2008 at 09:41 AM.
i think you should pay off the Z since ur bankin around 10k a month. & sell that sheit on the forum
u can prob lease a nice *** car just to drive for the weekend since you are not going to put to much milage on it.
i would lease the new M3 for like 600 per month. u would never have to mod it.
u can prob lease a nice *** car just to drive for the weekend since you are not going to put to much milage on it.
i would lease the new M3 for like 600 per month. u would never have to mod it.
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well i was making 50k for 3 years paying off student loans so I didnt have much money. I was around 1800 a month in bills.
Now I am down to 1340 a month in bill. I have only been making this income for 2 months. So I paid off C cards and more of my student loan, invested 4k and have 2k in my savings. My next 3-4 paychecks will build me back up again. I had to buy a 6k work truck + equipment for this job so it took out most of my cash savings.
I want to have 30-40k to but the house with a 10k ish downpayment plus left over for remodeling and extra for morgage payments incase roomates bail.
So thats about it.
Now I am down to 1340 a month in bill. I have only been making this income for 2 months. So I paid off C cards and more of my student loan, invested 4k and have 2k in my savings. My next 3-4 paychecks will build me back up again. I had to buy a 6k work truck + equipment for this job so it took out most of my cash savings.
I want to have 30-40k to but the house with a 10k ish downpayment plus left over for remodeling and extra for morgage payments incase roomates bail.
So thats about it.
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Keep the Z man and mod the hell out if it!
That is unless the 240 is just your "dream car" and nothing else will do (doesn't sound like it if you want a 911). If I were where you are, I'd save as much as I could to get in the house as soon as possible then be ready to pump some bucks in the Z when you get that fat tax check back next year from writing off your house interest ect.
That is unless the 240 is just your "dream car" and nothing else will do (doesn't sound like it if you want a 911). If I were where you are, I'd save as much as I could to get in the house as soon as possible then be ready to pump some bucks in the Z when you get that fat tax check back next year from writing off your house interest ect.
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Originally Posted by bb1314
LOL..... I hate to say it but.. +1?
But I do appreciate all the input. I think I will just keep the Z. I love it too much
EDIT: Actually this reminds me of my honda days when I asked if I should sell my turbo EG for a M3 or Audi S4 and everyone got real sour on me saying I was rubbing it in...haha cause I was going from a bell hop at a hotel to a 40k a year job.