100k+ car purchases? - Page 2 - GoFuckYourself.com

Veterans Day · 02-05-2006, 01:48 PM

tell your buddy to buy my boat, the broads you pick up are already half naked in thong bikinis

EdgeXXX · 02-05-2006, 01:50 PM

Quote:

Originally Posted by andrej_NDC

But whats the point of staying "rich" if you dont enjoy it?

The point is to not over-extend yourself. If you have $2M in the bank and spend $100k, it's no big deal. On the other hand, if you have $250k in the bank, and spend $100k you're going to feel it. I don't care what anyone tells you, cars like this are NOT an investment, if they were an investment you would NEVER drive them; owning a high-dollar car is a luxury, one that should only be attempted when you can reasonably afford to do so.

andrej_NDC · 02-05-2006, 01:56 PM

Quote:

Originally Posted by EdgeXXX

I don't care what anyone tells you, cars like this are NOT an investment, if they were an investment you would NEVER drive them; owning a high-dollar car is a luxury, one that should only be attempted when you can reasonably afford to do so.

Quote:

Originally Posted by andrej_NDC

car is not an investment...expensive sport cars are fun, pleasure and much more things but not an investment...therefore you cant compare it with investments
If you are going for 2 weeks to Tahity to relax, are you thinking about making money out of it?

........

EdgeXXX · 02-05-2006, 01:58 PM

Quote:

Originally Posted by andrej_NDC

I could never leave $1M at the bank...rather buy some real estate and rent it for a nice monthly income.

Ok, let's run a scenario. What happens if one day the Real Estate TANKS? You have just lost your entire savings and need money badly. Now what are you going to do? Sell your expensive car to raise the money? Not likely..... what do you do then?

EdgeXXX · 02-05-2006, 02:00 PM

Quote:

Originally Posted by andrej_NDC

........

Touche

polish_aristocrat · 02-05-2006, 02:01 PM

Quote:

Originally Posted by andrej_NDC

btw dont you have any type-in domains to sell?

not really...

well i'm buying f.e. one right now for $3.5k, maybe I could sell for it $20k ;)

EdgeXXX · 02-05-2006, 02:02 PM

Quote:

Originally Posted by EdgeXXX

Ok, let's run a scenario. What happens if one day the Real Estate TANKS? You have just lost your entire savings and need money badly. Now what are you going to do? Sell your expensive car to raise the money? Not likely..... what do you do then?

Didn't mean to sound argumentative on this one, just food for thought

andrej_NDC · 02-05-2006, 02:07 PM

Quote:

Originally Posted by EdgeXXX

Didn't mean to sound argumentative on this one, just food for thought

dont worry

Well, what about this. If I have a real estate for $1M, its going to make some nice monthly cash from renting it. That cash will produce some savings, too. And a bank isnt 100% safe either.

Im not againts having something in the bank as back-up for "bad days". But most of the money has to make money or be spent on things that make me happy. But thats just me.

andrej_NDC · 02-05-2006, 02:09 PM

Quote:

Originally Posted by polish_aristocrat

not really...

well i'm buying f.e. one right now for $3.5k, maybe I could sell for it $20k ;)

Im buying 2 atm. But not as good ones as you if it really works for you. But I want them for long term steady income, not to sell them again.

rowan · 02-05-2006, 02:21 PM

Quote:

Originally Posted by andrej_NDC

dont worry

Well, what about this. If I have a real estate for $1M, its going to make some nice monthly cash from renting it.

Doesn't sound like smart investing to me, what happens when your tenant moves out and your rental income dries up for the next 6 months?

Diversify with 5 x $200k houses or 10 x $100k houses (etc, etc) to spread the risk...

wedouglas · 02-05-2006, 02:23 PM

Just go buy it. Until someone proves otherwise, you only live once. Enjoy it while you can. Just make sure you can afford it. Don't be scraping by on your house payment just so you can drive an 355 or a 911 or whatever it is that you want.

Minte · 02-05-2006, 02:25 PM

Buy what you can afford and enjoy it.

Life is uncertain and clearly goes by quickly.I've known many men that worked hard,made the right career moves,saved for their retirement and fell over dead in their early 60's.

andrej_NDC · 02-05-2006, 02:28 PM

Quote:

Originally Posted by rowan

Doesn't sound like smart investing to me, what happens when your tenant moves out and your rental income dries up for the next 6 months?

Diversify with 5 x $200k houses or 10 x $100k houses (etc, etc) to spread the risk...

of course, I wouldnt buy just 1 real estate for that kind of money...but spread it over 5-10 smaller appartments

rowan · 02-05-2006, 02:31 PM

Are you more likely to get a hard-on for a new car, or a new house? (Assuming that you already have both and they're "acceptable")

I know what my answer would be.

andrej_NDC · 02-05-2006, 02:33 PM

Quote:

Originally Posted by rowan

Are you more likely to get a hard-on for a new car, or a new house? (Assuming that you already have both and they're "acceptable")

I know what my answer would be.

new car

rowan · 02-05-2006, 03:14 PM

Quote:

Originally Posted by andrej_NDC

new car

Mine would be the same, and I bet the majority of others would also prefer a new car in that circumstance. I think we've come full circle now.

My thoughts on the original question: if you can comfortably afford the repayments now and you think you'll be able to for the term of the loan, then go ahead and finance it... but NOT to anywhere near 100%. If your income goes belly up you don't want to find out the hard way that your car's market value has depreciated to lower than what you still owe on the loan.

This way you get to enjoy your car now (or "sooner") but with a substantially reduced risk of going -ve if your income dries up.

bigdog · 02-05-2006, 03:45 PM

thanks for the responses will point my friend to this thread.

About real estate it is a good investment, but you got to live a little. I know some guys that do well, but it seems they are saving their money to just buy another piece of property all the time. They are not actually enjoying any of the money they make. When you die they can't bury you with your money.

BradShaw · 02-05-2006, 03:47 PM

I leased my Ferrari and did VERY well on it. Bought out my lease towards the end and pocketed $20k. It all depends on the lease, and your CPA. My sl65 I bought, different car, different #'s, different economics.

Of cours if only people who could afford a $100k car posted in this thread, there would be fewer than 10 replies.

BradShaw · 02-05-2006, 08:52 PM

Sorry I killed your thread!

alicia · 02-05-2006, 09:06 PM

As rule of thumb never spend more than 5% of your net worth on a car.

Nylz · 02-06-2006, 10:15 AM

Quote:

Originally Posted by Saeun

Alternatively, you could do the same thing as Nylz. Wait until someone parks a Maserati outside of your apartment block, zoom in with your digital camera from the window of your 4th floor apartment, then post the picture on GFY & pretend that it's your car.

Jealous much?

GTS Mark · 02-06-2006, 10:20 AM

This is how we roll up here in the "519"

DH

polish_aristocrat · 08-19-2007, 07:53 AM

threads like this are my favorite ones and if there werent such thread here i would never come to GFY anymore

seriously, i love threads discussing different attitutes towards money/spending habits/lifestyle/life choices/investments etc

btw what happened to Andrej NDC?

CurrentlySober · 08-19-2007, 07:55 AM

Congrads on the sale/s

xmas13 · 08-19-2007, 09:51 AM

Quote:

Originally Posted by EdgeXXX

Dude, have you completely lost touch with reality? What do you think people worth 7 figures drive? Do you honestly think that all millionaires drive Lambos, Ferraris, and Bentleys as daily drivers? If so, seriously, stop watching MTV Cribs.

In his country Russia they do

Fap · 08-19-2007, 10:06 AM

If you dont have the money dont buy it..
A certain SNL video comes to mind i suggest you ALL watch:
https://youtube.com/watch?v=MxFx0NzSjWw

.
.
.

JP513 · 08-19-2007, 01:06 PM

Quote:

Originally Posted by JFK

why not , it would be such a shame to tie up a 100k in a depriciating asset

thats the truth. most people dont know shit about finance.

08-19-2007, 04:57 PM

Quote:

Originally Posted by JFK

why not , it would be such a shame to tie up a 100k in a depriciating asset

Finally, somebody in the know.

ztik · 08-19-2007, 05:19 PM

Quote:

Originally Posted by wedouglas

Depends. 100K won't buy you a sweet new supercar. If you spend 100K on a car, it will slowly lose value. Most in that price range aren't collectors cars if it is a performance car. Just depends on whether or not you plan on selling or keeping or what.

Is the interest you will be paying worth it?

It won't slowly loose value. It will loose value at an extremely fast rate.

And yeah most arn't collectors so in as little as 5 years you are looking at loosing 25k-50k. Its a really bad investment.

Young · 08-19-2007, 08:55 PM

lease for 24 months, pay $1,800 a month on the thing then fucking give it back and get yourself the new version.

only a fucking idiot buys a 100k car.

ambersfantasy · 08-19-2007, 09:03 PM

leasing is so much better

qwe · 08-19-2007, 09:11 PM

whats up with all the "your car will loose value" ? of course it will loose value, cars ARE NOT an investment, I look at it as a hobby... some people are into buying art, some into spending on drugs, some go on trips every fucking month, some like to collect old coins, etc, etc.... you live once, so might as well enjoy it while you can afford it, do you want to drive that brand new bmw/benz/porsche/rari when you're in your 20's or in your 40-50's (if you live that far) ? i agree tho that blowing ALL your money isn't a good idea, but if you somewhat can afford it, you should do it and enjoy it....

Young · 08-19-2007, 09:16 PM

Quote:

Originally Posted by qwe

whats up with all the "your car will loose value" ? of course it will loose value

lose = to misplace or decrease in value

loose = not tight

qwe · 08-19-2007, 09:34 PM

Quote:

Originally Posted by Young

lose = to misplace or decrease in value

loose = not tight

i'm not writing an essay here, so piss off

Humpy Leftnut · 08-19-2007, 09:40 PM

Remember this, and remember this well:

By the time you can afford it, the car ain't important.

andrej_NDC · 08-20-2007, 02:35 PM

Quote:

Originally Posted by polish_aristocrat

btw what happened to Andrej NDC?

Nothing, I'm just not active on boards anymore. I made a test what influence it has on my income and it has gone up since then. Spending more time with work. Or better said, with thinking about where to make more money.

btw a friend sent me to this thread, because someone mentioned me. I will go back to work at NDC again, so excuse me if I don't follow the next replies. I will be on ICQ.

GigoloJustin · 08-20-2007, 02:44 PM

Quote:

Originally Posted by Oracle Porn

you can lease it like bradshaw

he'd have no problems buying one =)

DaddyHalbucks · 07-10-2008, 08:26 AM

If you can't afford to pay cash, you can't afford to buy it.

The Duck · 07-10-2008, 08:42 AM

I have never bought anything financed in my whole life so I have to say no.

96ukssob · 07-10-2008, 09:48 AM

i would lease it personally if you can. financing that price of car is going to run you about $1500 to $2k a month in payments depending on your credit and how much you put down.

remember a car is a depreciating asset. if its new and you spend $100k in a year it will be worth $75k and you will of probably only paid less than $10k to principal. with a lease you can probably put down a little less, and be close to break even at all times.

onlyreal · 07-10-2008, 09:50 AM

i paid 470k$ for my f430 spyder

i like usa prices

07-10-2008, 05:33 PM

Fun thread

Judging by some replies, you shouldn't buy a 100k car, unless you have 10x that in the account. That would mean in theory, that a person buying a $30k car should should have $300k liquid. That's pretty laughable!

I personally prefer to lease. Almost every lease I've had, I've bought out at the end and turned a profit. With my Z I just got rid of, I owed $14k and pulled $21k at the end. Sure it's only $7k profit, but it covered some quarterly taxes

With my new X3 I just got, I went to swapalease.com. The car had $2k miles, was an 08, has a 50k mile warranty and free services, and the guy gave me $3k incentive. After the $3k check, my payments on a $45k car ended up being only $460 a month. he got rid of it because he got a company car just 2 months after he leased the car, and he had to off it fast.

Now, with what he put down ($3500), the buyout is relatively cheap if you estimate the value in 3 years. Once again, I'll probably buyout, and resell for a small profit.

On the flipside, a BMW lease is transferrable, so if I ever can't afford the payments, I can transfer the lease to a willing party. The same goes for a car of any value. If you know how to manage money, you can live a nice lifestyle with enjoyable material items..and still have plenty set aside in savings.

02-05-2006, 01:48 PM	#51
Veterans Day Confirmed User Join Date: Jul 2003 Location: The Windy City Posts: 8,403	tell your buddy to buy my boat, the broads you pick up are already half naked in thong bikinis __________________ Build a Massive Traffic Network, Hands FREE, Totally Automated

02-05-2006, 02:25 PM	#62
Minte Babemeister Industry Role: Join Date: Jun 2001 Location: Madison Posts: 7,081	Buy what you can afford and enjoy it. Life is uncertain and clearly goes by quickly.I've known many men that worked hard,made the right career moves,saved for their retirement and fell over dead in their early 60's. __________________ You might not be as anonymous as you think you are.

02-05-2006, 03:47 PM	#68
BradShaw Confirmed User Join Date: Oct 2001 Location: KB's trailer Posts: 7,840	I leased my Ferrari and did VERY well on it. Bought out my lease towards the end and pocketed $20k. It all depends on the lease, and your CPA. My sl65 I bought, different car, different #'s, different economics. Of cours if only people who could afford a $100k car posted in this thread, there would be fewer than 10 replies. __________________ Sig too big http://www.gofuckyourself.com/gfy_faqs.html Want to use a large banner in your sig??? Contact Eric about getting on as an advertiser - eric AT adult.com

02-05-2006, 08:52 PM	#69
BradShaw Confirmed User Join Date: Oct 2001 Location: KB's trailer Posts: 7,840	Sorry I killed your thread! __________________ Sig too big http://www.gofuckyourself.com/gfy_faqs.html Want to use a large banner in your sig??? Contact Eric about getting on as an advertiser - eric AT adult.com

08-19-2007, 07:53 AM	#73
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	threads like this are my favorite ones and if there werent such thread here i would never come to GFY anymore seriously, i love threads discussing different attitutes towards money/spending habits/lifestyle/life choices/investments etc btw what happened to Andrej NDC? __________________ I don't use ICQ anymore.

02-05-2006, 02:23 PM	#61
wedouglas So Fucking Banned Join Date: Aug 2004 Location: Dearborn, MI Posts: 5,921	Just go buy it. Until someone proves otherwise, you only live once. Enjoy it while you can. Just make sure you can afford it. Don't be scraping by on your house payment just so you can drive an 355 or a 911 or whatever it is that you want.

02-05-2006, 02:31 PM	#64
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	Are you more likely to get a hard-on for a new car, or a new house? (Assuming that you already have both and they're "acceptable") I know what my answer would be.

02-05-2006, 03:45 PM	#67
bigdog Confirmed User Join Date: Jul 2001 Posts: 6,964	thanks for the responses will point my friend to this thread. About real estate it is a good investment, but you got to live a little. I know some guys that do well, but it seems they are saving their money to just buy another piece of property all the time. They are not actually enjoying any of the money they make. When you die they can't bury you with your money.

02-05-2006, 09:06 PM	#70
alicia Registered User Join Date: Nov 2005 Posts: 11	As rule of thumb never spend more than 5% of your net worth on a car.

02-06-2006, 10:20 AM	#72
GTS Mark Vrume Mark Industry Role: Join Date: Jan 2001 Location: Toronto, Canada Posts: 20,912	This is how we roll up here in the "519" DH

08-19-2007, 07:55 AM	#74
CurrentlySober Too lazy to wipe my ass Industry Role: Join Date: Aug 2002 Location: A Public Bathroom Posts: 38,609	Congrads on the sale/s __________________ My AI Handywork... My Dream Gal... XXX 👁️ 👍️ 💩

08-19-2007, 10:06 AM	#76
Fap Just Du It Industry Role: Join Date: Feb 2004 Posts: 12,094	If you dont have the money dont buy it.. A certain SNL video comes to mind i suggest you ALL watch: https://youtube.com/watch?v=MxFx0NzSjWw . . .

08-19-2007, 08:55 PM	#80
Young Bland for life Industry Role: Join Date: Nov 2004 Posts: 10,468	lease for 24 months, pay $1,800 a month on the thing then fucking give it back and get yourself the new version. only a fucking idiot buys a 100k car. __________________ ★★★

08-19-2007, 09:03 PM	#81
ambersfantasy Registered User Join Date: Aug 2007 Location: California Posts: 57	leasing is so much better

08-19-2007, 09:11 PM	#82
qwe Confirmed User Join Date: Jul 2003 Posts: 2,109	whats up with all the "your car will loose value" ? of course it will loose value, cars ARE NOT an investment, I look at it as a hobby... some people are into buying art, some into spending on drugs, some go on trips every fucking month, some like to collect old coins, etc, etc.... you live once, so might as well enjoy it while you can afford it, do you want to drive that brand new bmw/benz/porsche/rari when you're in your 20's or in your 40-50's (if you live that far) ? i agree tho that blowing ALL your money isn't a good idea, but if you somewhat can afford it, you should do it and enjoy it....

08-19-2007, 09:40 PM	#85
Humpy Leftnut Confirmed User Join Date: Apr 2007 Posts: 1,292	Remember this, and remember this well: By the time you can afford it, the car ain't important. __________________ Humpy Leftnut - Pornsumer Reviews

07-10-2008, 08:26 AM	#88
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	If you can't afford to pay cash, you can't afford to buy it. __________________ Boner Money

07-10-2008, 08:42 AM	#89
The Duck Adult Content Provider Industry Role: Join Date: May 2005 Location: Europe Posts: 18,243	I have never bought anything financed in my whole life so I have to say no. __________________ Skype Horusmaia ICQ 41555245 Email [email protected]

07-10-2008, 09:48 AM	#90
96ukssob So Fucking Banananananas Industry Role: Join Date: Mar 2003 Location: If I was in your ass you'd know it Posts: 12,991	i would lease it personally if you can. financing that price of car is going to run you about $1500 to $2k a month in payments depending on your credit and how much you put down. remember a car is a depreciating asset. if its new and you spend $100k in a year it will be worth $75k and you will of probably only paid less than $10k to principal. with a lease you can probably put down a little less, and be close to break even at all times. __________________ Email: Clicky on Me

07-10-2008, 09:50 AM	#91
onlyreal Confirmed User Join Date: Jun 2001 Posts: 853	i paid 470k$ for my f430 spyder i like usa prices

07-10-2008, 05:33 PM	#92
shermo Guest Posts: n/a	Fun thread Judging by some replies, you shouldn't buy a 100k car, unless you have 10x that in the account. That would mean in theory, that a person buying a $30k car should should have $300k liquid. That's pretty laughable! I personally prefer to lease. Almost every lease I've had, I've bought out at the end and turned a profit. With my Z I just got rid of, I owed $14k and pulled $21k at the end. Sure it's only $7k profit, but it covered some quarterly taxes With my new X3 I just got, I went to swapalease.com. The car had $2k miles, was an 08, has a 50k mile warranty and free services, and the guy gave me $3k incentive. After the $3k check, my payments on a $45k car ended up being only $460 a month. he got rid of it because he got a company car just 2 months after he leased the car, and he had to off it fast. Now, with what he put down ($3500), the buyout is relatively cheap if you estimate the value in 3 years. Once again, I'll probably buyout, and resell for a small profit. On the flipside, a BMW lease is transferrable, so if I ever can't afford the payments, I can transfer the lease to a willing party. The same goes for a car of any value. If you know how to manage money, you can live a nice lifestyle with enjoyable material items..and still have plenty set aside in savings.