I Had A Sad Realization Today

"Carbon Fiber Sasquatch" (turbopumpkin) 09/29/2015 at 22:39 • Filed to: None

3

29

I was planning on buying a new car next summer after having to hold off this year due to the birth of my daughter. Unfortunately, it makes way more financial sense at this point to buy a house next spring.

A house would actually lower our monthly “rent” payment by about $100 and we’d double our space and gain a garage but that kind of hit on my credit means holding off on buying a car until 2017.

I’m kinda bummed but as a financial professional I know it’s the smart thing to do. So I’m going to have a beer and post pictures of the cars I was considering.

Thank you for your time fellow Oppo-nauts.

dogisbadob > Carbon Fiber Sasquatch 09/29/2015 at 22:42

1

That’s ok, and nothing wrong with being smart with your money.

Besides, nothing wrong with driving an older car :)

CB > Carbon Fiber Sasquatch 09/29/2015 at 22:43

4

It sucks now, but it’ll be better in the long run.

Chariotoflove > Carbon Fiber Sasquatch 09/29/2015 at 22:44

2

As a family man who is having to put off purchase of the car I want until at least 2018, I feel your pain, Brother. But home ownership is worth it. It'll make you happy in a whole different way.

Steve in Manhattan > Carbon Fiber Sasquatch 09/29/2015 at 22:44

3

Get the house. I’ve had a few, and they’ve been pretty good investments overall. Right now we’re looking for an apartment to buy in Manhattan. I have actually uttered the phrase: “you won’t believe what you don’t get for 900K.” I don’t know who I am anymore.

Slant6 > Carbon Fiber Sasquatch 09/29/2015 at 22:47

2

Keep your current DD and get a project car. If you play it safe it won’t be a money pit. If it’s old enough you could probably get collector insurance. Fill your new garage.

Think miata or maybe a mk2 GTI. Or 6 cylinder car from 60s.

Carbon Fiber Sasquatch > Steve in Manhattan 09/29/2015 at 22:50

0

Yeah, it just makes way too much sense to get the house, which will appreciate and hopefully I can lock in a low rate before they really start to go up rather than throwing away money every month in the form of rent.

Plus, this time next year I’ll be looking at a promotion which will hopefully add about $10,000 to my salary

dtg11 - is probably on an adventure with Clifford > Carbon Fiber Sasquatch 09/29/2015 at 22:50

4

Family>car

PetarVN, GLI Guy, now with stupid power > Carbon Fiber Sasquatch 09/29/2015 at 22:51

1

it’s okay! soon you’ll be in the position of my stepdad!

“all 4 of my kids now have jobs? Time to go buy that $55K touareg!"

Carbon Fiber Sasquatch > dogisbadob 09/29/2015 at 22:55

1

Well my current car needs it’s front suspension redone and new brake rotors/pads, plus someone smashed the front end/hood at my old job and I thought “Screw it, I want a new car anyways” .

But the wife’s dad is mechanic and he said he’d help me (i.e. show me) for free. I’m going use his garage/tools and I bought the parts myself, so now I don’t feel so bad fixing up a 10 year old Hyundai.

I sure as hell wasn’t going to drop the $5000+ to have the shop fix it lol

Carbon Fiber Sasquatch > Chariotoflove 09/29/2015 at 22:56

1

Yeah , it kills me essentially throwing $800 a month down the toilet for rent when it could be put toward home equity

Carbon Fiber Sasquatch > dtg11 - is probably on an adventure with Clifford 09/29/2015 at 22:59

1

Yep, you only get one shot at raising your kids right, I can find a new car whenever

Steve in Manhattan > Steve in Manhattan 09/29/2015 at 23:03

3

And you could work on your own cars anytime, in the garage. Just get a kerosene heater for the winter.

wafflesnfalafel > Carbon Fiber Sasquatch 09/29/2015 at 23:04

1

I guarantee you will not regret getting the house. It is a fabulous feeling to have a positive net worth, (hey! I’m kinda like Bill Gates!) Just keep that auto wish list updated.

Carbon Fiber Sasquatch > Slant6 09/29/2015 at 23:06

0

Ooh! good idea!!

In high school, we used to tinker with a Olds 442 455 and a NB miata but I’d probably lean towards a late 90’s, early 2000’s BMW to tinker with as it’d be something different.

dogisbadob > Carbon Fiber Sasquatch 09/29/2015 at 23:06

1

ohhhh I see, didn’t know your car was crashed!

You could buy a really good car for $5000

Carbon Fiber Sasquatch > dogisbadob 09/29/2015 at 23:10

1

Nothing mechanically or structurally was damaged, it just looks terrible lol. After all the parts and the beer to share with my father-in-law, I’ll be out maybe $600 to completely repair the Tuscon. I’ll put the $5000 toward the down payment on the house lol

Carbon Fiber Sasquatch > Steve in Manhattan 09/29/2015 at 23:12

0

Oh yeah, used to do that stuff all the time back in high school. My friend’s grandfather had a big garage and a bunch of old cars he was never going to get to so we’d work on them and get them working again. Something I hope my daughter enjoys in the future lol

Birddog > Carbon Fiber Sasquatch 09/29/2015 at 23:19

1

An empty Garage is better than no Garage. Best of luck!

Slant6 > Carbon Fiber Sasquatch 09/29/2015 at 23:20

1

I think z3s are pretty cheap right now along with e36s. BMW isn’t the way to go to keep it cheap thought. Ask me how I know.

Good luck with all the life things thought. Remember that cars will always be around (for the forseeable future anyway) so you can always wait and get back in later.

R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet > Carbon Fiber Sasquatch 09/29/2015 at 23:37

1

Buying a car in 2017 means picking up a FoRS just as it nears end of factory warranty. Fret not brother, there is hope yet.

Carbon Fiber Sasquatch > R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet 09/29/2015 at 23:44

1

Ah yes! And that wonderful blue!!!

Jordan and the Slowrunner, Boomer Intensifies > Steve in Manhattan 09/29/2015 at 23:48

0

Where I’m from, 650k buys you a house, a project house, 400+ acres, like a mile of river frontage, and an island. I couldn’t imagine spending that on something without a yard.

66671 - 200 [METRIC] my dash > PetarVN, GLI Guy, now with stupid power 09/30/2015 at 00:15

1

Was it the V10? If not, I’m not gonna lie, I’m dissapointed.

RiceRocketeer Extraordinaire > Carbon Fiber Sasquatch 09/30/2015 at 00:18

0

I got a higher paying job so I could keep the S2000 ... but my wife decided that meant we could get a nicer house instead.

PetarVN, GLI Guy, now with stupid power > 66671 - 200 [METRIC] my dash 09/30/2015 at 00:18

1

I wish... It’s “only” a 2014 TDI V6

orcim > Carbon Fiber Sasquatch 09/30/2015 at 03:57

0

You could always compromise?

Nah - get the house. Better. Who knows, maybe you’ll have to learn a couple of Jedi tricks to keep the current wheels turning because it’s “getting old”. Then you can impress your friends at parties - in your *house*.

OPPOsaurus WRX > Carbon Fiber Sasquatch 09/30/2015 at 08:22

1

If you can swing a hammer, buy something that needs a little work and fix it up. We bought our house in the lowest of the market, added about $60k to it and its value went up $150k between my work and general increase of the market. Purchased for $235k and we’ve had a couple realtors look at it and we can put it on the market for $385k

OPPOsaurus WRX > R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet 09/30/2015 at 08:24

1

this is my plan of attack.

Wurrwulf > Carbon Fiber Sasquatch 09/30/2015 at 08:40

0

Pretty much the same boat over here. Maybe one day...