Should I get a GT-R?

houkouonchi · 04-18-2014, 09:40 AM

Quote:

Originally Posted by falconfixer

This is the best advice so far in this thread.

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.

Quote:

Originally Posted by DjSquall

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

When I was a kid a Lambo was my *dream* car but honestly as I have gotten older and heard all the horror stories of these things randomly combusting I honestly don't think I would want to actually own a lambo now.

Quote:

Originally Posted by 2011 Nismo#91

Don't forget to factor in Uncle Sam will take a nice chunk of that income come next April 15th.

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.

Chuck33079 · 04-18-2014, 09:48 AM

Quote:

Originally Posted by houkouonchi

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.

It's your only deduction, right? Don't hurry to get rid of it. Invest the money and let it grow. You're not really taking much risk to beat your mortgage interest rate as cheap as money is these days. And you can still cash out and send a check to the mortgage company if things get dicey.

my2004Z · 04-18-2014, 10:38 AM

More often than not when someone makes more money or pays something off they go and get themselves into more debt. Try saving your money for a few years all while working to lower your recurring fixed costs. Cash flow is king especially since it enables geometric growth of investments. Before you know it you'll be able to put 75% down on the next generation version of the GT-R and can pay the rest off quickly.

04-18-2014, 10:38 AM	#3 (permalink)
my2004Z Enthusiast Member Join Date: Apr 2009 Location: New Mexico, USA Posts: 285 Drives: 09' 370Z w/Sport 7AT Rep Power: 39	More often than not when someone makes more money or pays something off they go and get themselves into more debt. Try saving your money for a few years all while working to lower your recurring fixed costs. Cash flow is king especially since it enables geometric growth of investments. Before you know it you'll be able to put 75% down on the next generation version of the GT-R and can pay the rest off quickly.