Should I get a GT-R?

Chuck33079 · 04-18-2014, 09:45 AM

Quote:

Originally Posted by Magic Bus

While it appears you have a nice little sum cash and decent income, I wouldn't do it. All you're doing by getting the GTR and keeping the Z is dramatically increasing your expenses in depreciating assets.

At age 28 I would invest the money in a diversified portfolio and build it up. When these investments build up more then use the dividends or income to pay the GTR bill. Leave or re-invest all the capital gains from these investments so your total portfolio balance increases. Be a little more patient, it's not like you have a crappy car now.

As for paying off your mortgage, it depends on what your interest rate is. Example, if your mortgage is 3%, and your investments average an annual rate of return of 8%, why use the investment money to pay off the mortgage? But you have to invest the additional money.

Let your money work for you instead of you working for your money. Short term sacrifice results in long term pleasure while short term pleasure results in long term suffering.

Sorry to be a party pooper but you seem to be in a great position to set yourself up for a nice financial future and get the GTR much easier several years down the road.

Good luck to you on whatever you decide.

I came in here to type pretty much exactly this.

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.

And the state, right? He's in Cali. Between Fed and state tax, your 160k is probably 110k or less, right? $110k becomes $65k?

Seriously? Take a nice vacation so you can feel like you bought yourself something. Pay off the Z if you've still got a note. Make the house the only debt you have. Invest the rest. Revisit the GTR decision after a year of the new salary. Or wait for the redesigned GTR to crater the resale of the current ones and buy a 2013 or 2014 from someone who has to have the new one.