WTB: Modded C6 Z06, 35k max.
#81
Le Mans Master
#85
Le Mans Master
So many bad decisions being made, it reminds me when I thought "it doesn't matter how much it costs, it matters how much a month it costs".
If you're happy with buying it, that is all that matters.
It's just when you post it in a public forum everyone has a right to voice their opinions. It's a terrible idea to carry two loans on two cars, especially on older high mileage cars. Who knows if they'll last or when you need repairs.
You don't make that much money, you posted that on a post regarding child support. What are you thinking and who are you trying to impress. This debt will only accumulate in other aspects of your life because your putting all your money into your car loans/insurance.
All this 18% on investments, c'mon man and you're choosing to carry a loan on a 14 year old car and a 110K-30K-8 year old car? You could own a Ferrari with all of the cumulated interest in a few years if that were true.
Terrible financial decisions now will only make the future more difficult.
TRUST ME!
I'm done with work now so I'm going home.
#86
Instructor
mr nubain
So many bad decisions being made, it reminds me when I thought "it doesn't matter how much it costs, it matters how much a month it costs".
If you're happy with buying it, that is all that matters.
It's just when you post it in a public forum everyone has a right to voice their opinions. It's a terrible idea to carry two loans on two cars, especially on older high mileage cars. Who knows if they'll last or when you need repairs.
You don't make that much money, you posted that on a post regarding child support. What are you thinking and who are you trying to impress. This debt will only accumulate in other aspects of your life because your putting all your money into your car loans/insurance.
All this 18% on investments, c'mon man and you're choosing to carry a loan on a 14 year old car and a 110K-30K-8 year old car? You could own a Ferrari with all of the cumulated interest in a few years if that were true.
Terrible financial decisions now will only make the future more difficult.
TRUST ME!
I'm done with work now so I'm going home.
#87
Racer
Thread Starter
So many bad decisions being made, it reminds me when I thought "it doesn't matter how much it costs, it matters how much a month it costs".
If you're happy with buying it, that is all that matters.
It's just when you post it in a public forum everyone has a right to voice their opinions. It's a terrible idea to carry two loans on two cars, especially on older high mileage cars. Who knows if they'll last or when you need repairs.
You don't make that much money, you posted that on a post regarding child support. What are you thinking and who are you trying to impress. This debt will only accumulate in other aspects of your life because your putting all your money into your car loans/insurance.
All this 18% on investments, c'mon man and you're choosing to carry a loan on a 14 year old car and a 110K-30K-8 year old car? You could own a Ferrari with all of the cumulated interest in a few years if that were true.
Terrible financial decisions now will only make the future more difficult.
TRUST ME!
I'm done with work now so I'm going home.
Yield to maturity for a 15k car with 5% over the course of 5 years- $1,988.22
Yield to maturity for a 15k investment for 18% over the course of 5 years- $7,848.01
Seriously, thank you guys. Without you all, I wouldn't have saved over 13k on an 07 Z!
Last edited by paloalto00; 09-25-2014 at 08:04 PM.