Should I get a GT-R?

Waiz · 04-18-2014, 04:44 PM

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.

This is what I would normally suggest to someone in person but on the forum this advice gets thrown into a black hole.

Your advice is what I have been doing for myself since 2006 and made an average return of at least 15%-20% every year by investing in the market.

OP, for a mortgage of $230k just keep paying down your mortgage and save/invest your money instead of looking to drop a big chunk into another car or paying off a mortgage given that it is already a fixed cost.

I could easily afford a GT-R or similar priced car right now but I choose to invest that money instead because I have been through the ups and downs of the economy for the last 8 years and I know better than to throw my money at a rapidly depreciating asset.