Head vs. Heart
 

This thread is inspired by the CL Good Buys thread.

So I found this car I like. Really like. Very tempted to pull the trigger. It would have to be financed. Need to sell off one of the two cars I have. I like my G8 because rarity and all the restoration work done to it plus I'm still paying it off. The GS is in great condition but not sure who would buy a modded one.

In any event, I'd likely sell the Buick to buy the other one. But there's that little voice in the back of my head that asks 'Why? You're already paying off one car so why add another to the debt list?'

But then my heart will be all 'If you really want it, you should just buy it while you have a chance. It's a good deal that you may never see again. Pay off the loan ASAP rather than wait full term yada yada....'

Then I look at my figures and notice that I could afford both cars but then that other voice returns and asks 'why?' once again.

Emotion vs. logic. What's the best way to quell the emotion and only think logically?

Sometimes I hate being a car guy. Feels like an addiction :stupid:

Look at your bank account, then look at the car, then look at your bank account, is it worth emptying it for another money pit?



yes it is

Yolo:lawl: if your finances allows it why not. It's about the feeling of accomplishing a dream.

If your already paying off one, I wouldn't suggest another. I guess it depends, how you handle debt as well. I fucking hate debt. So I pay it off quickly as possible.

Secondly, if it ends up being a bad decision. Can you sell the vehicle, and get most, if not all of your money back?

Made one of the worst financial decisions of my life recently because I just really wanted it. Did I have the money? No. But it was something I wanted for as long as I can remember. Do I regret it? A little. But I can afford the debt so it's not a big deal. I'm still happy I did it.

What is the car you're looking at?

I choose head. Every time.

It's a tough one- The law i live by is could i afford to buy two of them? (for big purchases only, i.e a car) if i could easily afford two, than yes, in my opinion i could buy it.


Some people look at it and say yes, they can squeek by with the payment, but they really can't afford it, and end up being in deep trouble shortly after purchase.

With that said however, sometimes you have to enjoy life, and to do so sometimes you have to make some decisions that aren't the smartest ones. Go by your gut, if you feel like it's a decision that's right for you, do it. If not, perhaps wait a year and re-evaluate at that time! Good luck!

My, what an exciting life you must lead

my wallet hurts from jealousy every time i click through your journal :concentrate:

Better than a broke ass life.
Won't be so fun when you are hitting your 40's with nothing to show for it cause you blew it all on cars.

Live within ones' means IMHO.

It's an endless cycle. Be happy with what you have and don't go into debt.

I intentionally left it out.

I guess we all have our own perceptions on how to approach and deal with life. I guess being a S.I.N.K (Single Income No Kids) has its merits and demerits.

I tend to track my debits to the coin. I avoid bulk cash when possible because I suck at keeping track of it.

I try to stay on top of the budget. Gas / food / bill pricing is consistently the same. TFSA / RRSP deductions are consistent as well.

With real estate so far out of my reach right now (getting there but slowly), I try to reach out to the next best thing?

Is it that Allure? Or what? Super curious haha.

+1

If you can truly afford it without getting into financial trouble in the long-term, I say it's worth it.

It might mean you might have to leave out other luxuries for a period of time, to pay off the debt but if the car truly makes you happy, you can afford the sacrifice of other luxuries right?

You make money all your life, enjoy it is what i always say.

The odds are stacked against auto enthusiasts in the long-term with the increasing costs of fuel, mobility pricing, and engineered obsolescence. If you intend to live the lifestyle of a single guy in the long term and can afford a roof over your head, you might as well go all-in.

lol @ the philosophy some people here live by.

Don't be an idiot.

^Up to you to decide which one of the two options leads to you looking like an idiot.

if it's that one exact car that started your passion for cars, then the answer is simple..

#YOLO

#HOWABOUTNO
#FUCKHASHTAGS
#HASHTAG

:troll:

Is it a MUST have?
A rare vehicle?
exactly what you want?
A car that you are truly passionate about?
Time is limited in our short lifetimes, but money? You can always acquire more money, it just depends how hard are you willing to work for it. I HATE debt, but if my dream car fell into my lap tomorrow, and I could do it, it be cashing in TSFAs, RRSPs, and taking out loans at the capacity I needed to if I really felt that it was going to be a "dream come true" kinda car. If its not that car, don't bother.

Every time I find myself in a situation where there appears to be no solution that will make everyone happy, I ask myself three questions:

What are the consequences of my decision in 10 minutes?

In 10 months?

And in 10 years?

Try listening to AM980 instead of the Beat/sonic if you want profound advice...:facepalm:

Mr. Obvious here. But why not sell both, consolidate your funds and buy the car you actually like? Seems like neither fully satisfies you.