Ok opinions.. plz

RunbabyRun09 · November 18th, 2009, 11:38 AM

As most of you know I have a 09 sixxer. This was suppose to be a back and fourth car for college. Um well turned into a "race" car..

there are two options for me.

1.) keep the sixxer, turbo, blow it up and then put a better engine in it (built v8). I've put over 10k worth of stuff on the car already.

Its fun racing the guys and whooping them with a sixxer, and doing something different.

2.) sell it, go under and get the car I want. which would be a gt500.

I want to get a house soon, and the car payments are needing to be finished. So if I get the gt500 I've have to restart on payments, and wait for a house.

just lots of questions.

93hatch · November 18th, 2009, 11:39 AM

sell it and get a real car, a fox

1FastFox · November 18th, 2009, 11:41 AM

Buy a house first and a car second no if, ands, or buts. No offense, but you would be financially ignorant to buy something that quickly depreciates over something that not only would make you happy but would also retain its value and let you build up some equity.

2006GTARPD3 · November 18th, 2009, 11:44 AM

I agree with 1ff, again.

Keep the sixxer, have fun with it, buy a house.

then share the wealth with me!

pyschopath76 · November 18th, 2009, 11:45 AM

yeah get your house first!! keep what you got and when you get ahead again........then go for a new car. you will regret it if you dont.

RunbabyRun09 · November 18th, 2009, 11:51 AM

I've been saving (for the house). I just want to turbo the sixxer, get that paid off, then a house.

I'm just scared of being alone, all the time! hahah couldn't do it in a apartment, so how will I do in a big house.

BostonPerformance · November 18th, 2009, 11:54 AM

You could always rent out a room in the house.

1FastFox · November 18th, 2009, 11:56 AM

How old are you?

I would most definitally buy the house before even turboing the 6er. Or take the money your droping into the car and start putting that towards the principle on the car to get it paid off quicker.

RunbabyRun09 · November 18th, 2009, 11:56 AM

Originally Posted by BostonPerformance

You could always rent out a room in the house.

nvm.. I could put people piss me off way too quick! I hate roommates

RunbabyRun09 · November 18th, 2009, 11:58 AM

Originally Posted by 1FastFox

How old are you?

I would most definitally buy the house before even turboing the 6er. Or take the money your droping into the car and start putting that towards the principle on the car to get it paid off quicker.

Just turned 22...

The sixxer is a year from being paid off. I'm not worried about the money part. by the time I turbo it the car I will be done with car payments.

saved 20k for the house already.

AzSonicSnake · November 18th, 2009, 12:00 PM

i think 1ff is onto something. once you turbo your 6er it will turn into a money pit, and you will blow through all that money you have saved. sure having a badass car is cool, but having a garage to park it in that is your own is much cooler.

1FastFox · November 18th, 2009, 12:01 PM

How much do you still owe on the car?

RunbabyRun09 · November 18th, 2009, 12:06 PM

Originally Posted by 1FastFox

How much do you still owe on the car?

I think right at 9200.. and it was a 30k loan.

basically half of what I pay in car payments, will go to the car. then thinking the other half will go to bills when I get the house.

08blkgt500 · November 18th, 2009, 12:06 PM

gt500!

im kinda biased though... plus im close to your age, ill be 21 in feb!

RunbabyRun09 · November 18th, 2009, 12:12 PM

This is another thing. My second job will NOT hold for another 2 years. It's too hard on me. esp since I have arthritius from it in my knees. (I exercise race horses, then jump horses for the guy also) Thats half my income so saving right now is a big thing. Just really worried about getting hurt...

1FastFox · November 18th, 2009, 12:20 PM

Unless your paying extra every month to bring down you principle your not gettnig that paid off in 12 months or less. Is this what you figured up off what you pay or what your statements say. Alot of people get misled when it comes to paying off a car. They figure since they pay $500/month and have been paying on it for two years they have paid off 10k or so of it and this is not the case. Out of your payments on a mere fraction is going to the principle.

Either way. If I were in your shoes, I would take that $20k you have saved and pay the car off now and get out of the future interest payments. Take the money you would spend on the car and start building your downpayment back up. Once you have it back up to around 17-20k, put that down on a 100k house, this will net you a 500/mo payment depending on your property taxes. Then start making $1k payments on your house and if you do this for the five years your there you will get the loan on the house down to where you only owe like 20%. Then in three years you will be in a great position where you can buy a 180k house, put down about 60 or 70k on it, and you have a real nice house at 27 and have the mortgage payment ( back at $500 ) of the smaller house. Then you can start playing around and getting neck deep in debt to get whatever car you want.

You can take or leave my advice but I did this and at 26, I bought the house I live in now and an 2006 Aston Martin DB9 Convertible.
This is a proven way to get a GREAT start to life. I was in your exact same place when I was 21 ( excpet I had a 91 GT and a 95 explorer that were both paid off ). Now Im living in a house that nicer than most of my friends parents houses and my payments were still only $500/mo.

Its really easy to get drawn into the shiny and flashy things like a GT500 but I think it would be a terrible mistake for you to go out and get that now as you need more of a solid foundation for your life before you should get something like that.

Seabee · November 18th, 2009, 12:23 PM

Pay off your car now. The house will be more rewarding. Im trying to save too but its hard.

Triple A · November 18th, 2009, 12:25 PM

house first, car later.

RunbabyRun09 · November 18th, 2009, 12:29 PM

Originally Posted by 1FastFox

Unless your paying extra every month to bring down you principle your not gettnig that paid off in 12 months or less. Is this what you figured up off what you pay or what your statements say. Alot of people get misled when it comes to paying off a car. They figure since they pay $500/month and have been paying on it for two years they have paid off 10k or so of it and this is not the case. Out of your payments on a mere fraction is going to the principle.

Either way. If I were in your shoes, I would take that $20k you have saved and pay the car off now and get out of the future interest payments. Take the money you would spend on the car and start building your downpayment back up. Once you have it back up to around 17-20k, put that down on a 100k house, this will net you a 500/mo payment depending on your property taxes. Then start making $1k payments on your house and if you do this for the five years your there you will get the loan on the house down to where you only owe like 20%. Then in three years you will be in a great position where you can buy a 180k house, put down about 60 or 70k on it, and you have a real nice house at 27 and have the mortgage payment ( back at $500 ) of the smaller house. Then you can start playing around and getting neck deep in debt to get whatever car you want.

You can take or leave my advice but I did this and at 26, I bought the house I live in now and an 2006 Aston Martin DB9 Convertible.
This is a proven way to get a GREAT start to life. I was in your exact same place when I was 21 ( excpet I had a 91 GT and a 95 explorer that were both paid off ). Now Im living in a house that nicer than most of my friends parents houses and my payments were still only $500/mo.

Its really easy to get drawn into the shiny and flashy things like a GT500 but I think it would be a terrible mistake for you to go out and get that now as you need more of a solid foundation for your life before you should get something like that.

I think you just talked me into something.

still want the turbo tho

weems · November 18th, 2009, 12:33 PM

Not trying be an ass, but a race car?

November 18th, 2009, 11:38 AM	#1
RunbabyRun09 Regular 2009 mustang Join Date: Aug 2009 Location: texas Posts: 324 iTrader: 0 reviews	Ok opinions.. plz As most of you know I have a 09 sixxer. This was suppose to be a back and fourth car for college. Um well turned into a "race" car.. there are two options for me. 1.) keep the sixxer, turbo, blow it up and then put a better engine in it (built v8). I've put over 10k worth of stuff on the car already. Its fun racing the guys and whooping them with a sixxer, and doing something different. 2.) sell it, go under and get the car I want. which would be a gt500. I want to get a house soon, and the car payments are needing to be finished. So if I get the gt500 I've have to restart on payments, and wait for a house. just lots of questions. __________________ Pretty cars!

November 18th, 2009, 11:39 AM	#2
93hatch Banned 1992 Lx 11.39@119.24 Join Date: Jan 2008 Location: Az Posts: 11,644 iTrader: 0 reviews	sell it and get a real car, a fox __________________ [QUOTE=93mustank;2577445]We speed tested my right arm for quickness in shifts... So he could design the cam for proper shift recovery.[/QUOTE]

November 18th, 2009, 11:41 AM	#3
1FastFox Skirt Chasing Phallus Phondler Kit Car/Ducati/Explorer Nike Fast Join Date: Mar 2007 Location: Indiana Posts: 10,494 iTrader: 4 reviews	Buy a house first and a car second no if, ands, or buts. No offense, but you would be financially ignorant to buy something that quickly depreciates over something that not only would make you happy but would also retain its value and let you build up some equity. __________________ QUOTE OF THE DAY (5/25/12): “Don’t play what’s there, play what’s not there.” ‐ Miles Davis

November 18th, 2009, 11:44 AM	#4
2006GTARPD3 Golf Pencil Kawk Juggler 2006 Mustang GT 509RWHP/450RWT Join Date: Feb 2008 Location: NY Posts: 2,391 iTrader: 0 reviews	I agree with 1ff, again. Keep the sixxer, have fun with it, buy a house. then share the wealth with me! __________________ Procharger D-1SC Kit - Pypes O/R H - FRPP Stingers Team Ricer GT Co-Founder

November 18th, 2009, 11:45 AM	#5
pyschopath76 Enthusiast 2004 Mustang GT slow as sin.... Join Date: Aug 2009 Location: Norfolk, VA Posts: 977 iTrader: 0 reviews	yeah get your house first!! keep what you got and when you get ahead again........then go for a new car. you will regret it if you dont. __________________ JLT Ram Air Intake/Accufab 70mm Throttle Body & Upper Plenum/SLP Longtube Headers/SLP Catted X-pipe/SLP LM1/4.10 gears Military Crew - AZ2(AW) Black Stang Member #6

November 18th, 2009, 11:51 AM	#6
RunbabyRun09 Regular 2009 mustang Join Date: Aug 2009 Location: texas Posts: 324 iTrader: 0 reviews	I've been saving (for the house). I just want to turbo the sixxer, get that paid off, then a house. I'm just scared of being alone, all the time! hahah couldn't do it in a apartment, so how will I do in a big house. __________________ Pretty cars!

November 18th, 2009, 11:54 AM	#7
BostonPerformance Enthusiast 99 Cherokee sport/87 5.0 not tested Join Date: Jun 2008 Location: san antonio, tx Posts: 987 iTrader: 0 reviews	You could always rent out a room in the house. __________________ [CENTER]"Not the victory but the action; Not the goal but the game; In the deed the glory," -Hartley Burr Alexander

November 18th, 2009, 11:56 AM	#8
1FastFox Skirt Chasing Phallus Phondler Kit Car/Ducati/Explorer Nike Fast Join Date: Mar 2007 Location: Indiana Posts: 10,494 iTrader: 4 reviews	How old are you? I would most definitally buy the house before even turboing the 6er. Or take the money your droping into the car and start putting that towards the principle on the car to get it paid off quicker. __________________ QUOTE OF THE DAY (5/25/12): “Don’t play what’s there, play what’s not there.” ‐ Miles Davis

November 18th, 2009, 12:00 PM	#11
AzSonicSnake 2009 ROTY 2003 SVT Cobra 11.07@127 Join Date: Aug 2008 Location: North Phoenix,AZ Posts: 5,640 iTrader: 1 reviews	i think 1ff is onto something. once you turbo your 6er it will turn into a money pit, and you will blow through all that money you have saved. sure having a badass car is cool, but having a garage to park it in that is your own is much cooler. __________________ MM Cobra Club #25 My Autolog Profile

November 18th, 2009, 12:01 PM	#12
1FastFox Skirt Chasing Phallus Phondler Kit Car/Ducati/Explorer Nike Fast Join Date: Mar 2007 Location: Indiana Posts: 10,494 iTrader: 4 reviews	How much do you still owe on the car? __________________ QUOTE OF THE DAY (5/25/12): “Don’t play what’s there, play what’s not there.” ‐ Miles Davis

November 18th, 2009, 12:06 PM	#14
08blkgt500 MM's Anti-Hardparker 2008 Shelby GT500 Join Date: Apr 2009 Location: San Jose, CA/Denver, CO Posts: 10,249 iTrader: 0 reviews	gt500! im kinda biased though... plus im close to your age, ill be 21 in feb! __________________ MM Cobra Club #24

November 18th, 2009, 12:12 PM	#15
RunbabyRun09 Regular 2009 mustang Join Date: Aug 2009 Location: texas Posts: 324 iTrader: 0 reviews	This is another thing. My second job will NOT hold for another 2 years. It's too hard on me. esp since I have arthritius from it in my knees. (I exercise race horses, then jump horses for the guy also) Thats half my income so saving right now is a big thing. Just really worried about getting hurt... __________________ Pretty cars!

November 18th, 2009, 12:20 PM	#16
1FastFox Skirt Chasing Phallus Phondler Kit Car/Ducati/Explorer Nike Fast Join Date: Mar 2007 Location: Indiana Posts: 10,494 iTrader: 4 reviews	Unless your paying extra every month to bring down you principle your not gettnig that paid off in 12 months or less. Is this what you figured up off what you pay or what your statements say. Alot of people get misled when it comes to paying off a car. They figure since they pay $500/month and have been paying on it for two years they have paid off 10k or so of it and this is not the case. Out of your payments on a mere fraction is going to the principle. Either way. If I were in your shoes, I would take that $20k you have saved and pay the car off now and get out of the future interest payments. Take the money you would spend on the car and start building your downpayment back up. Once you have it back up to around 17-20k, put that down on a 100k house, this will net you a 500/mo payment depending on your property taxes. Then start making $1k payments on your house and if you do this for the five years your there you will get the loan on the house down to where you only owe like 20%. Then in three years you will be in a great position where you can buy a 180k house, put down about 60 or 70k on it, and you have a real nice house at 27 and have the mortgage payment ( back at $500 ) of the smaller house. Then you can start playing around and getting neck deep in debt to get whatever car you want. You can take or leave my advice but I did this and at 26, I bought the house I live in now and an 2006 Aston Martin DB9 Convertible. This is a proven way to get a GREAT start to life. I was in your exact same place when I was 21 ( excpet I had a 91 GT and a 95 explorer that were both paid off ). Now Im living in a house that nicer than most of my friends parents houses and my payments were still only $500/mo. Its really easy to get drawn into the shiny and flashy things like a GT500 but I think it would be a terrible mistake for you to go out and get that now as you need more of a solid foundation for your life before you should get something like that. __________________ QUOTE OF THE DAY (5/25/12): “Don’t play what’s there, play what’s not there.” ‐ Miles Davis Last edited by 1FastFox; November 18th, 2009 at 12:23 PM.

November 18th, 2009, 12:23 PM	#17
Seabee Whatever it originally would be 05 Saleen #824 Fast as fuck Join Date: Mar 2007 Location: San Diego Ca/Beach Park IL Posts: 7,472 iTrader: 4 reviews	Pay off your car now. The house will be more rewarding. Im trying to save too but its hard. __________________ MILITARY CREW ANTI ILLEGALS CREW FOUNDER

November 18th, 2009, 12:25 PM	#18
Triple A MM Fanatic Join Date: Aug 2007 Posts: 3,738 iTrader: 2 reviews	house first, car later. __________________ Photoblog

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November 18th, 2009, 12:33 PM	#20
weems Tech Exchange Head Honcho 2003 SVT Cobra 11.70 @ 121 Join Date: Aug 2006 Location: Forsyth/Statesboro, GA Posts: 9,176 iTrader: 3 reviews	Not trying be an ass, but a race car?

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