[GS8]

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:

[belaud]

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

[JDMDreams]

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

[hud 91gt]

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.

[Energy]

What is the car you're looking at?

[punkwax]

I choose head. Every time.

[dared3vil0]

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!

[StanleyR]

I choose head. Every time.

My, what an exciting life you must lead

[twitchyzero]

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

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

[c4@urdoor]

My, what an exciting life you must lead
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.

[sdubfid]

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

[GS8]

What is the car you're looking at?

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?

[dared3vil0]

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

[Shakotan K]

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.


+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?

[knight604]

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

[Tapioca]

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.

[flagella]

lol @ the philosophy some people here live by.

[meme405]

Don't be an idiot.

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

Hint: The answer isn't the same for everyone.

[Gucci Mane]

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

[jing]

#YOLO

[dared3vil0]

#YOLO


#HOWABOUTNO
#FUCKHASHTAGS
#HASHTAG

:troll:

[westopher]

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.

[illwdt]

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?

[meme405]

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:

[Spoon]

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

[white rocket]

Such a tough call. I could go either way really. For me it would come down to how much I like the car and it's value now and later. If I really like it but it will continue to depreciate until it's worth fuck all then I would have to really think about it. If the value is there then I would pull the trigger because you can always get out relatively unscathed if the debt becomes too much to handle.

I'm always looking at E30 M3's, 993/964/930 P-cars and NSX's. Those I can justify as they are likely to be worth what I paid, maybe slightly less due to suck costs but most likely more as they will continue to appreciate. Easily justifiable for me due to the value now and later.

However, I also look at Buick Grand National's and GMC Syclone's with the same excitement. I don't believe that the same value theory is there for these cars so I would be hesitant to pull the trigger.

[underscore]

Have you ever driven this model of car? Before you do anything else look at the actual car to make sure it stacks up to the ad, and drive it to see if it stacks up to what you want think it will be like.

[heleu]

It's not like it's a black and white decision. You don't have to be extreme and choose between a Camry and a Supra.

Also, it's not linear; as in, your satisfaction (or 'utility' for the economists) doesn't rise proportionally with the amount of money you spend.

For example, back when I was single with no kids, I really wanted a NSX. I couldn't justify it financially, so I ended up buying a 91 MR2 (now sold). Do I still want a NSX? Sure. But after riding in one, I would say I had 80% of the satisfaction for 20% of the cost from the MR2.

I'm sure you could find something economical that could keep you reasonably happy.

At the end of day, you have to be able to sleep at night with what you do. If having no savings or some debt keeps you up, I wouldn't do it.

[freakshow]

I think people are making this out to be a harder decision than it really is..

You just need to consider if this decision will negatively affect more important decisions in the future.

eg. If you spend this much now on a car, how will it affect your ability to buy a house/support a family.. Assuming that you deem those things more important.
If those aren't as important, what is, and ask yourself the same thing.

If there will be no meaningful negative impact on whatever it is you deem more important, then go for it.

[multicartual]

Buy it
Enjoy it
No regrets!!! :D

[badboy]

don't buy it, you eventually find something better I usually do

[GS8]

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

:ifyouknow:

No, that car was sold on Monday.

Car I'm looking at is straight up 2 door sports car. More fuel, higher insurance but would be spring / summer / El Nino driven

I guess based on that alone, it would very well be my mid life crisis car.

[Tone Loc]

Is it a MUST have?
A rare vehicle?
exactly what you want?
A car that you are truly passionate about?
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.

Exactly this.

I know you're going out of the way to tell us what car you want... but IMO it all comes down to how you feel about said car. If this is just a cool car that looks nice b/c it is new/fun/a girl magnet, then I personally would not waste money and put yourself in more debt for it.

But if it was a DREAM car, i.e, something you've dreamt about since you were a kid, then go for it. Money is nice, but sometimes actually living your dreams is nicer. I was saving up for a motorcycle + lessons + gear just to ride with my buddies until I saw an AE86 (my dream "first car" since I was 14) and bought it 2 days after I first saw the CL ad. Haven't looked back since.

[heleu]

:ifyouknow:

No, that car was sold on Monday.

Car I'm looking at is straight up 2 door sports car. More fuel, higher insurance but would be spring / summer / El Nino driven

I guess based on that alone, it would very well be my mid life crisis car.

Ok, stop teasing, now we're very curious. Please tell.

[dared3vil0]

GS8, just tell us what it is lmao. You bold "Allure" and "Super".

Super Allure?
Allure Super?
Auper Sllure?

:?

[sdubfid]

Super Allure? or corvette?

[GS8]

Super Allure? or corvette?

:concentrate:

[Gucci Mane]

I live cheque to cheque. This area is expensive to live in. I don't eat as much as most and I always spend my time doing free shit whether it's walking outside or mashing on my piano.

People always ask me why I have 2 cars despite living cheque to cheque. I give them all the same answer:

They keep me grounded and keep me sane. It would be a horrible idea for me to have kids given my finances so my cars are the next best thing.

But some days I think of selling one and using the funds towards making a small music studio with better gear / tools and really push my creative boundaries (assuming I have any).



post from different thread. maybe dont buy the car? lol