Honest Opinion

[derek_tiburon]

Ok, this is prolly in the wrong forum but, I just got an ass load of gramps $$$$ for graduation, 10k to be exact, and I was wonddering, if I should put it in my car 2k tib, or buy an 05 Tib SE? I really like the 05. And if I do get rid of my tib, should i try and sell it to a private person, instead of a trade in? I would feel a little more comfortable with a new tib, just b/c I am the only owner, I dunno who or what was done in my current car. Just give me your honest opinion. Thanks

[AUTOBOT]

Or you could save it and plan for the future.

If you sell it on your own, and the car is in good condition with average miles, it is worth about $5k that and $10k will majke a nice down payment leaving you with about $5-$10 k in loans to pay off.

I guess the question is, do you want a new stock car, or a 5 year old custom car.

[stickshift]

Originally posted by AUTOBOT
[body]
Or you could save it and plan for the future.
[/body]

That'd be my vote. I know it's not as much fun as buying a new car, but think about it this way: you could use it to pay for part of a post-secondary education, or put it away in a high-interest savings account and use it for a downpayment on a house in a few years.

I say this based on my own hindsight... I only wish I'd saved some of the money I had banked when I was in highschool. It probably would have made things easier down the road.

[AUTOBOT]

^^Yup

[AccentAE86]

These guys are smart. Definitely invest for the future. Cars are cool and all, but just think a little later down the road. You ALREADY have a cool car. Put 1K into it as a reward. If you can put away the other 9K, it'll grow and by the time you are done school (whether it be college or trade school) it'll be waiting there for you, probably grown to over 10K.

Let me tell you, at that age, you WILL want to buy your own place, whether it be a condo or a house. Some people have to rent their whole lives, putting their money in someone else's pocket, just because they can't scrape up enough cash for a downpayment. You can be 10 years ahead of the game if you be smart about it now. And the best part is, when you buy a house, the mortgage payments are like paying yourself; you are putting money into your own pocket. My house has increased in value by $90,000 since I bought it 4 years ago. That's a good chunk of change. Some of my friends are still living at home. That's $90,000 they all missed out on because they couldn't afford the downpayment early.
Getting rich only takes brains and patience. a few years from now you will NOT regret holding that cash.

[mrchaotica]

^^^ ditto. I was going to suggest spending a max of $2K on the car, but $1K would be even better.

[derek_tiburon]

Thanks all, I see where you are coming from. I have a very stable job, I haven't graduated and make 9 bucks an hour, and when I graduate I get a 20,000$ signing plan. It gives me 5 grand a year for four years, every Jan.1st. Not only that but my wage goes to 11 an hour. I have done a year pf business school at OSU, and have 1 more to go. It is a good chance I might even own the place in the future, the business is family owned. Prolly sounds like i am one of those spoiled rich kids, but believ me i am not, i have had to work for everything i own, and that makes it so much more worth while. If i do change my mind and get an 05, i will deff post pics, and deff not give up on tuning it. Once again thanks for the advice, i will consider it.

[monkiehead]

everything sounds as things are going perfectly. time can change. having a back-up can make sure if things go bad you have something to fall on. out of personal experience, i was making 10hr +commission. single, no kids, had my apartment, car, phone and insurance for bills. i decided to help my father at his shop for a month. i took a month paid vacation and decided i was going to get a different job. as i left my primary job, my father begged me to stay working for him. so i did. now, i for some reason i CANT get another job and my father is playing me like a puppet. he pays my rent when he feels like it and i dont have spending cash like i used to. i dont have my tib anymore since he didnt like the car much less pay my car payments. we had orginally agreed to pay my bills if i went to school. i enrolled and was set to go- but he didnt pay my bills. my car exploded(yes, exploded), my phone was disconnected and nearly was evicted. we've come to terms now, but for how long? whos to say i'd get sick and cant work? 10gs can go a LONG way in the long run. it just depends on if you want to have fun now and work later or work now and have more fun later.:smoking:

[derek_tiburon]

Dude, I feel ya, That sucks, I have ben screwed alot by my dad, financially at least. I will figure something out

[BIOTIB]

hey man as much i love tibs, i would sell the tib take the 10 grand and buy an evo mr.