What to do with my money?
I'd go for the GT3, Why spend the money trying to make the s2k a GT3 type car when theres already one out there, with a warranty.
That being said, i'm with the others and think investing is the best idea. Bank the cash make some profit and buy a Ferrari down the road.
That being said, i'm with the others and think investing is the best idea. Bank the cash make some profit and buy a Ferrari down the road.
This is why brokers offer wealth management. You came in to a little cash and you want to blow it on a luxury item? Invest it and down the road, you can buy the GT3 in cash. Even if you can afford it, can you comfortably afford the tax, insurance, maintenance cost?
Originally Posted by st4rk,Jul 27 2010, 01:02 PM
So a person cannot rent a furnished luxury apartment and finance a Porsche because they are easily able to swing both payments?
Just taking notes here....
Just taking notes here....
If the OP can afford to put a decent down payment on a GT3, he's probably in a good position to make more money with his money (real estate, small business, investing, etc). Paying interest on something that will depreciate so rapidly and sit in the garage most of the time probably isn't the wisest use of the money.
In my opinion, if you want a weekend-only exotic, you should already have enough money to comfortably buy it (and own it) outright. Furthermore, you never know what can happen in this economy. If, heaven forbid, something financially bad happened to the OP (emergency, job loss, etc), at least he wouldn't be in a hole because of the GT3.
Originally Posted by UmarS2K,Jul 27 2010, 08:17 AM
You really don't know what a GT3 is? 

I did own a 912 back in the early 80's does that count ? Only owned it for a week though, I missed my convertible. Bought it on Sunday and sold it Saturday, never regretted it.
Originally Posted by dantediss,Jul 27 2010, 11:29 AM
being as set as you say at 25 with a high paying job and rental property etc..etc.. why are you asking others for advice ? You seem to be doing good enough on your own...??? but it does smell like b.s
I know it smells like b.s., but thats why I don't talk to many other people because of their b.s. I just wanted to see if anyone else had the same or like experiences as I do, I'm sure their are some out there, but many others may assume this is b.s. If you've never been in this situation I guess some wouldn't understand or some would just only assume.
Originally Posted by Glubags,Jul 27 2010, 04:19 PM
Came into some money, now talking about financing a GT3... yikes.



but I think Uber vehicles such as GT3's are exempt from the special rates.

