Should I get a GT-R?

houkouonchi · 04-18-2014, 12:29 AM

Quote:

Originally Posted by ts-c63

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.