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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
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#1 (permalink) |
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A True Z Fanatic
Join Date: Apr 2010
Location: Tottenham, ON
Age: 38
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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
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#3 (permalink) | ||
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A True Z Fanatic
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Location: Houston
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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.
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2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent |
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#4 (permalink) |
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A True Z Fanatic
Join Date: Jan 2012
Location: Strangeland
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I was going to say you would make way more than enough money to buy a GTR and easily pay your mortgage in a reasonable manner, but then I read you live in Cali lol. I wouldn't do it lol. If you made ~$150k here in Memphis you could live like a king.
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2009 370z touring w/sports package |
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#6 (permalink) | |
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Enthusiast Member
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#7 (permalink) | |
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Enthusiast Member
Join Date: Jun 2010
Location: Ontario, California
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Thanks for all the input guys. I think what I really wanted to know is if the GTR is really worth it for people who have both a 370Z and a GTR or who have driven both. Even with a huge chunk of money I did not want to use that to actually buy a GT-R and instead wanted to get a loan and it to be at the level where I could pay it without eating into my savings just with my base salary which probably will be the case. I guess I will just have to find an opportunity to actually go drive one and see how I like it. I think I am probably leaning a bit more towards just paying off the Z and helping my current cash-flow so I can save more and pay off the house quicker though. |
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#8 (permalink) | |
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Enthusiast Member
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Last edited by ssmoked; 04-18-2014 at 10:03 PM. |
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#9 (permalink) |
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Enthusiast Member
Join Date: Nov 2013
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Buy stock in Tesla they are going through the roof, trust me.
Additionally I will have to give the nod on waiting on your GT-R purchase, every vehicle purchase I've mad I've always had buyer's remorse. Please don't feel the same way I do. lol Last edited by FuTuRe is Z; 04-18-2014 at 10:05 AM. |
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#10 (permalink) |
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A True Z Fanatic
![]() Join Date: Nov 2011
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Just wait. They'll still be making GTRs in 3 years. How much could that lump sum be if you invested it for three years? At 10% each year, that's $212k. Four years is 230k. 10% is a reasonable rate of return to shoot for. At 10% annually it doubles in 7 years. At 28 your greatest asset is time to let things compound. Use your raise to pay more toward the mortgage if you have to pay it down, but if you're paying under 4% I wouldn't be in any hurry to get rid of the deduction.
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#11 (permalink) |
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Track Member
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My opinion would be to put that money towards your Mortgage, the faster you pay that off the better you will be. If not use half of that money to go toward your mortgage and invest the rest. Once you finish paying of the house you could get the GTR. I have been contemplating the same but if my bonus comes through like I think it is I am just going to pay my house first. I have about 90k still, I rather pay that off no further worries about home payments.
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ThAt WaS a CrAzY nIgHt
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#12 (permalink) |
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A True Z Fanatic
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Location: Houston
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Why is everyone in such a hurry to get rid of a low interest rate tax deductible mortgage? If you're paying less than 5% on the note, invest it and make money on the difference. You can always sell the investments and pay off the note if things get tight.
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2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent |
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#13 (permalink) |
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Track Member
Join Date: Mar 2013
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0. I didn't read the whole thread. Sorry!
1. Wait until you actually HAVE the money and can afford it if, say, you lose your job next month or whatever deal is going down ends up tanking. (To me, a raise is never a raise until I have it signed and in hand.) 2. If the scenario includes any question about a mortgage, then you deal with the mortgage first. Your house is good debt, and an appreciative asset. Your car, even a GTR, is not good debt and likely will depreciate some. Deal with the mortgage that you have currently, then look at bad debt. But financially, it's really only business between you and your advisor/loan agent, so if you can afford it, feel free. I certainly won't judge any decision if you can afford it. |
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#14 (permalink) |
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A True Z Fanatic
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^ well all I know is my Z handles amazing with the Hotchkis sways and Swift Spec R's. Corners like it's on rails, and feels "light" compared to the GT-R. But I'm sure if I got springs/coils and sways it would feel and handle much better! I remember how the 370Z felt stock!
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2009 370Z Monterey Blue,Nismo Conversion,RE-11's, K&N Typhoon intakes,Blue Kickplates,Homelink,FI 18" CBE,ERZ HFCs,Hotchkis sways, Swift Spec-R, EVO-R Highwing, UPREV
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