Ever think about quitting the whole car thing??

[©hris]

Cars have been a big part of my life since I was born. My father has been in the business for over 35 years and it is something that I think will always be with me.... but when will it end??

Growing up I had many different hobbies. Today I only have one because of my career and other adult things that have taken up most of my time. This hobby (cars) every month will suck $1500-$2000 out of my bank account. I wonder if it is really all worth it... I wonder what it would be like to take that money and go to Europe for a week or buy a house... lol hell even buy a bunch of outdoor gear and try new things.

I often ask myself why do I keep spending almost all of my money on a car.... I still do not have a good enough answer to satisfy me.

Imagine having an extra $1500 a month to do with whatever you please.... what would you do?

Im 24 years old coming up this June. I spent over $40,000 last year and im not sure exactly where it all went.... I have no investments, IRA, 401K, Savings, etc...

If you were in my situation.... what would you do?

[Ran]

Do what makes you happy man. If you can live comfortably and enjoy tuning, then keep at it. If you want to spend it elsewhere or invest it, then do that. Just do whatever keeps you satisfied. Kind of hard to give you a real answer since I'm not sure what's going through your mind exactly.

[JDM TYTE YO]

i noticed that alot of my money was being invested in my cars

Balance it out..

Take ur pay check and split it up... 25% into savings.. 25-50% for bills.. 25% for ur pleasure

open up a savings account like HSBC.. that way it takes 3 days to get the money out.. makes u not want to go through the hassel..

[©hris]

well I love the car thing but for example the MR2 is a money pit from hell... i have thought about selling both my cars and buying something nice that I do not really need to mod except drop and wheels... i.e. IS300, G35 coupe, TSX, S2000, etc....

I really enjoy driving and could not own a truck or SUV...

I really would like to travel, pay off my debts, get a house, and start investing.... that way 20 years from now when im almost 50 years old I'll have the money to buy the car(s) that I really really want....

[JDM TYTE YO]

well I love the car thing but for example the MR2 is a money pit from hell... i have thought about selling both my cars and buying something nice that I do not really need to mod except drop and wheels... i.e. IS300, G35 coupe, TSX, S2000, etc....

I really enjoy driving and could not own a truck or SUV...

I really would like to travel, pay off my debts, get a house, and start investing.... that way 20 years from now when im almost 50 years old I'll have the money to buy the car(s) that I really really want....

then do it!

[Ran]

well I love the car thing but for example the MR2 is a money pit from hell... i have thought about selling both my cars and buying something nice that I do not really need to mod except drop and wheels... i.e. IS300, G35 coupe, TSX, S2000, etc....I had two cars that were money pits once but, I personally, and a lot more comfortable with making payment on a new car then constantly dumping money into older cars.


I really enjoy driving and could not own a truck or SUV...Good man.


I really would like to travel, pay off my debts, get a house, and start investing.... that way 20 years from now when im almost 50 years old I'll have the money to buy the car(s) that I really really want....Why not just get a 401K going with your job? That's what I'm doing. 15% automatic withdrawal and when I claim it, the owner of the company will match up to 5% of my 401K 100%. You can properly plan for the future and still have fun with your cars. You just gotta find your balance.

[Zeeb]

yea just do wat makes u happy, just think about the future and just put 50 bucks away each pay check, just save, a little bit, i have a 401k and its nice :D but also you can take a break, take two months off from spending it on car stuff and do something else like you said, its not that hard.

[Slow Motion]

I had two cars that were money pits once but, I personally, and a lot more comfortable with making payment on a new car then constantly dumping money into older cars.

Good man.

Why not just get a 401K going with your job? That's what I'm doing. 15% automatic withdrawal and when I claim it, the owner of the company will match up to 5% of my 401K 100%. You can properly plan for the future and still have fun with your cars. You just gotta find your balance.

Wise words. Ran seems to be full of ancient wisdom, listen and you will be richer beyond measure.

[Killer]

Cars have been a big part of my life since I was born. My father has been in the business for over 35 years and it is something that I think will always be with me.... but when will it end??

Growing up I had many different hobbies. Today I only have one because of my career and other adult things that have taken up most of my time. This hobby (cars) every month will suck $1500-$2000 out of my bank account. I wonder if it is really all worth it... I wonder what it would be like to take that money and go to Europe for a week or buy a house... lol hell even buy a bunch of outdoor gear and try new things.

I often ask myself why do I keep spending almost all of my money on a car.... I still do not have a good enough answer to satisfy me.

Imagine having an extra $1500 a month to do with whatever you please.... what would you do?

Im 24 years old coming up this June. I spent over $40,000 last year and im not sure exactly where it all went.... I have no investments, IRA, 401K, Savings, etc...

If you were in my situation.... what would you do?

i would stop spending so much on cars.. and start giving atleat 500 of that to this guy named killer each month... :ninja:

[gforce23]

Earn more money and save man .. use overtimes, company expense reports, client entertainment funds, per diems etc. to your advantage, though not at all times. And as others have posted, a 401K will be immensely beneficial. My employer has 6% matching .. so it's a 12% deposit to my 401k account every month.
Also, it might be useful to have more than one account. Say your paycheck comes into the first one, transfer a fixed percentage to the other one (depending on your lifestyle:earnings ratio) and forget that it ever existed. That way you'll build up a good savings balance in no time.

[Jimmy B]

i did.. and i am HAPPY AS ANYTHING, i have a house, a son, and a real life..

[JITB]

i did.. and i am HAPPY AS ANYTHING, i have a house, a son, and a real life..


:cheers:

[§treet_§peed]

BUY A S2000 FTW

[redrumracer]

i noticed that alot of my money was being invested in my cars

Balance it out..

Take ur pay check and split it up... 25% into savings.. 25-50% for bills.. 25% for ur pleasure

open up a savings account like HSBC.. that way it takes 3 days to get the money out.. makes u not want to go through the hassel..
lol i got a saving acct with them but lost my acct info, they keep saying that i can view my statements online but i dont even remember my pw. but thats fine that acct is for retirement or buying a house later anyways

[Alan®]

IDK what to tell you man. The only time I think about just quitting is because I just absolutely hate this car. So if you decide to sell the 2, Let me know first :D

[AnthonyF]

id masturbate.

[OTG Signs]

Investments + Play money for cars ftw

[man]

I was out for a while. It sucked, and I can't wait to get back in the game.

[0p7!mu5]

i had that thought a few times. its like once i get a car i like together something happens to it. my teg was stolen and the current car isnt fairing too much better at the moment, but that's the best thing about this industry is how you keep plugging at it to get your car right. I sympathize i really do its worse for me because i know very little about actually working on my car past a tune up so learning is a *****. but man like they said just divide your money up. that what i do

[©hris]

I just got home from Infiniti of Gwinnett and tomorrow I should be picking up THIS (Click Here) (http://www.infinitiofgwinnett.com/used-inventory/vehicle-details.htm?vehicleId=3a8fcdcb4046381e000bf015cbfa 639b&useHistory=true)

That is if the terms are good...

If I enjoy this car enough to realize that having a fast money pit of a car or a tricked out civic that no matter what I do to it... its still a civic, is enough to satisfy me completely... i'll be selling the MR2 and taking that money to go completely debt free with the exception of the G35.

Then I can start saving.

[OTG Signs]

That didn't take long.

[bandydesign]

I don't have a car, my Ranger is no fun. lol. I go to all the meets and I meet people and have fun. I am "in the scene" without a car. It sucks in some respect, but I am saving money without dropping my interest. I have other things on my mind right now. I have to get through college and I am unemployed. On that note, I cant give you advice on what to do with actually having money lol. Don't know that that helps at all.

[Dr.G35]

ill sell you my ride

[©hris]

That didn't take long.


LOL yeah I really need to get out from under the civic and the MR2. The G35 has 275hp, its RWD, and its really nice so its the best of both worlds i guess. I dont see a reason to keep the MR2 if i get this car. Besides the money I sell it for will pay off my only Credit Card (Brandsmart) lol ....

we'll see what happens in the morning

[OTG Signs]

LOL yeah I really need to get out from under the civic and the MR2. The G35 has 275hp, its RWD, and its really nice so its the best of both worlds i guess. I dont see a reason to keep the MR2 if i get this car. Besides the money I sell it for will pay off my only Credit Card (Brandsmart) lol ....

we'll see what happens in the morning

I had a Track 350z last (sold it about two weeks ago). Fun car, but not a good DD. :o

[Elbow]

Let me think, I have raced since I was young, built my own race car, got a savings account that I will NOT touch for car parts, saved lunch money in high school to buy parts, work with racing, nope, can't ever leave.

[BKgen®]

build a rat rod.

trust me... you WON'T be spending $40k a year on it :lmfao:

[blaknoize]

No I havent, cuz I just got started. I didnt read SH IT but still. Do as u see fit, just dont forget bout us...

[Jecht]

I could never leave, driving is the only thing in my life keeping me from going ape **** insane!

[Alan®]

I could never leave, driving is the only thing in my life keeping me from going ape **** insane!
x2

[HeLLo iM iZzY]

With gas prices going up, I'd keep the Civic and get rid of the MR2 and forget about that G35. The economy is going down, fast. Save up because you never know when you'll need the extra money. Extra money is always good. I'm going this week to BB&T to open up a savings account that I will lock for 1 year. It'll help me out alot a year later down the road if I ever need it for anything. If you spent $40k just alone last year, think about by the time 3 years roll by. Thats a big ass down payment for a nice house, or a nice start for the family and food/clothes. Spend the money wisely. I used to spend money like it was nothing, but I think I've finally "found my way" and I'm only 19 realizing this now.

Think about it man.

[Echonova]

You will never get out. One day you'll be sitting at a red light. Look over and there is some guy driving the same car as yours, same color and drinking out a coffee cup that even looks like yours. Then it's off to the rim shop and the cycle starts all over again. Only this time the parts are more expensive.

[.::UNKNOWN::.]

just manage your money wisely some months do without dumping money into the cars save up hell i am 23 got a house, put money into my black hole of a prelude and hell i am happy where i am at.... some months i can't spend the money i would like to on my cars but working harder and saving longer just makes it even sweeter when you get the part and put it on

[3.5altman]

naah! stock cars just dont look right to me. they at least gotta be lowered! but speaking of gas prices i think its time for me to get a bike.

[Brett]

I made that decision last year and did it. I have not done one single thing to the S2k. I will ALWAYS love the car thing but it just came to where dropping 50k+ into a car just doesnt make sense in my life right now.

[Turbo04]

Selling the cars you don't have to keep putting money into (the civic should run good for day to day, and there is no need to keep droping money into the mr2) and picking up debt you can't get outta of anytime soon isn't a smart thing in my book. I would either
A: Sell the mr2
B: Just sit it in storage and start saving for the future, and when you want to do something to it, save up the funds instead of immediately taking it out of the paycheck, you'll save more money that way.

If your wanting to start saving for your future (which is the best thing you could do) then picking up a car payment each month is one of the worse idea's I've heard. Yes you might be able to sell the mr2 and civic and pay off the car within a year, but then you've lost a year in saving, and its possible that something could happen and you lose your job, get hurt , etc...and then where are you gonna be? A hobby should be just that, a hobby. When you place more importance on a silly car then things that matter in life, it's a hard habbit to break.

[Sammich]

when my car got stolen..that was the first time i was like screw it, its not worth it..but like my sister was telling me after my car got stolen, its something i wont give up..she was right..as soon as i got the max..i'm like screw it...if the theives want it they are gona get it..so i'll do what i like and if it gets stolen..hopefully ill come out on top like i did when my teg got stolen..minus not being compensated for the work and aftermarket things i had on it

[GGPIS3]

just buy my white IS... 4 doors, fast, comfortable, and still looks pretty good

[©hris]

I got approved for the G35.... going up there around noon to pick it up :) wahooo!!!


ne1 want to buy a MR2???

[Ran]

I got approved for the G35.... going up there around noon to pick it up :) wahooo!!!


ne1 want to buy a MR2???lol, congrats man. :goodjob:

[©hris]

Thanks lol now when i stop at a traffic light I can keep my windows rolled down rather than roll them up because the chick next to me is laughing at my "Cute" civic lols!!

[JennB]

As others have suggested, learn to balance.

I've been into cars for an long as I can remember and I have savings (two savings accounts actually), 401K, bought my first house at 22.... you have to balance.

Have savings and 401K taken right out of your paycheck. Set an amount to be deposited directly into savings while the rest of your money goes into checking and don't touch the savings.

You never have to give up something you love to have the normal things in life, you just have to manage them. Don't drive cars that are money pits. People are saying that getting into debt for a car is stupid.... well.. not when you're paying more than a car payment each month to keep another car running. Think about your purchases, don't just buy buy buy, plan out what you want to do with the car and pick maybe one thing to do every other month.

[Sammich]

u still keeping the SLOvic?

[IndianStig]

Sounds like a plan Chris!

Myself, I am building one more car. ****, depending on how much extra cash I have, I might just go ahead and buy a nice newer $20k+ car instead of building one. It'd be a great way to build some credit, given how young I am.

[©hris]

Sounds like a plan Chris!

Myself, I am building one more car. ****, depending on how much extra cash I have, I might just go ahead and buy a nice newer $20k+ car instead of building one. It'd be a great way to build some credit, given how young I am.

There are so many nice rides now under 25k with less than 40kmiles.... it was tough to decide on what to get. If you do buy something in the 25k range though make sure you get something you really want.... my civic i bought brand new at $21,000.... almost $400 a month for 5 years.... i got raped by honda. I coulda bought something much nicer that was used but I was young and dumb and didnt know any better.

[©hris]

u still keeping the SLOvic?

nope, trading it in.

[DieselNuts]

Imagine having an extra $1500 a month to do with whatever you please.... what would you do?
spend it on my car... :goodjob:

[DieselNuts]

well I love the car thing but for example the MR2 is a money pit from hell... i have thought about selling both my cars and buying something nice that I do not really need to mod except drop and wheels... i.e. G35 coupe
mine is for sale :D Ill give you the lowest price I can go.

[Dirty Octopus™]

:eek: arent you the baller!
hell i dont think ive ever spent 1500-2000 on any 3 of my cars monthly combined!

what do you do that makes you dish out that much? :thinking:

probably im just poor and destitute :(
but hell if i had that much to spend i'd be in a different car every month :crazy:

[Sammich]

lol @ snow light

[quickdodge®]

i did.. and i am HAPPY AS ANYTHING, i have a house, a son, and a real life..

That's the truth. Less headaches and the headaches you do have are actually worthwhile. I'd rather have the headache of working hard to secure a good life for my family than to have some "nice" car in my parents driveway or parking lot of my apartment complex. Later, QD.

[©hris]

I bought the G35! They gave me a good price on the civic too so now just need to sell the MR2.

[©hris]

:eek: arent you the baller!
hell i dont think ive ever spent 1500-2000 on any 3 of my cars monthly combined!

what do you do that makes you dish out that much? :thinking:

probably im just poor and destitute :(
but hell if i had that much to spend i'd be in a different car every month :crazy:

Corporate Sales and Marketing ;)

[Dirty Octopus™]

Corporate Sales and Marketing ;)
Bawllin'! :goodjob:

oh yeah congrats on your new purchase
so you used the Civic as a trade in? Or did you sell the Civic and put it toward the cost of the Nissan?

[©hris]

Traded it.... They gave me just under $7000 for it.

[Dirty Octopus™]

Traded it.... They gave me just under $7000 for it.
dayum! thats whats up! :goodjob:
especially considering the fact that IA would have wanted to give you just under $3000 for it. :D

is the G a 6 speed? or did you keep it gangsta auto?

[Zeeb]

did u owe anything on it? and was it the mr2 or the civic?

[SlowsterCivy]

Yeah. I completely stopped....I only drive a civic, and it's a mexican color (in my opinion) of my civic....so I gave up. Was a lost cause...took my springs off, kept my headights, and tires/rims on...but removed the eibach springs.

[blazin']

i noticed that alot of my money was being invested in my cars

Balance it out..

Take ur pay check and split it up... 25% into savings.. 25-50% for bills.. 25% for ur pleasure

open up a savings account like HSBC.. that way it takes 3 days to get the money out.. makes u not want to go through the hassel..

good idea.

[Evil Goat]

ive tried several times, and i always come back, i sold a turbo civic and bought a stock cl, only to end up in a cobra less than a year later, sold the cobra in favor of a trailblazer, only to end up in the GTO a year later, so im going to keep what i have for now

my deal with cars now is if i dont have the CASH to spend on it then it doesnt get spent, never again will i use credit to purchase car stuff

[Zeeb]

ive tried several times, and i always come back, i sold a turbo civic and bought a stock cl, only to end up in a cobra less than a year later, sold the cobra in favor of a trailblazer, only to end up in the GTO a year later, so im going to keep what i have for now

my deal with cars now is if i dont have the CASH to spend on it then it doesnt get spent, never again will i use credit to purchase car stuff
same with me, no more running up credit cards, i only spend cash on stuff, if i have money it gets spent, but i always make sure i have enough to do other things and have a good time.

[§treet_§peed]

id masturbate. :stupid:

[Tank]

honestly nope and ive spent too much on it, my love for cars runs deep within however i have a wife and 6 mth old daughter so i gotta know when the right time is to enjoy my passion/hobby. in the end if you balance it out like others have mentioned you should be able to enjoy the fruits of succes while stil being able to do what makes you happy.

Tank

[sogood]

Maybe it's just me, but I'd hardly call buying a G35 "getting out of the whole car thing".. :dunno:

It's only a matter of time until you start modding it, except this time parts'll be more expensive.

[tony]

I wont say how much I spent on my first G cause I'm ashamed.. lets just say I could of bought a GT-R cash.

But before doing any of that I had my house and 401k in place. When you're young its cool to blow money because you can recover but none of us are getting younger.. and the economy isn't shrinking so I'd definitely say if you are having these thoughts you need to listen to your gut.

The savings may seem small in the beginning but they grow.. cars depreciate. Sacrifice now so you can play with the big boys later on. Congrats on the G and welcome to the club btw.

[©hris]

Tony u are right bro and if I could afford to dump a bunch of money into the MR2 i would but I need to quit thinking about what I want now and start realizing that if i keep spending money ON cars rather than just having a nice car that I can travel in, sit in traffic, and not have to do anything but change the oil and only spend money FOR the car.... im cheaper just making payments on a nice car. At the rate im at addicted to spending over $1000 a mon, because im impatient, on parts.... im going to forget about life outside of this "hobby" which has swallowed up most of my time, money, and keeping me from doing the things that I really want to do.

The G has enough features to satisfy me for awhile. But if cars start cooking u breakfast and pouring coffee in the next few years im gonna be pissed lol

[gijoe0720]

I got out of the whole import scene and started building me a mini truck. All I got to do is get it painted now but it has cost way to much money so I will prolly sell it and just keep my other truck(s-10) like it is. I don't have to have anything fast or anything everyone thinks is badass.

[0p7!mu5]

im stickin with my plan. Build my crx up and buy another teg and do light cosmetic stuff. i know what i want out of both and it should cost much but im saving as i go too im tryin to get a house and a new job sooncuz 11 an hour isnt cuttin it for me.