[red70tvhs]

Originally Posted by stratt

Damn, I must be in the minority. I'm a teacher. Cost more than my yearly salary in North Carolina.

I feel ya bud, Not a teacher but I'm in the same boat fiscally. These guys give me wallet envy. Congrats to their success however!

[tuckermaclain]

I would be embarrassed to post on this thread. You guys are some hard-working dudes. Almost got the 2SS, but wife didn't like visibility. Got an ATS-V coupe instead and love it. Took 6 weeks to build. Maybe a ZL-1 in my future!

[nyrfan]

Originally Posted by stratt

Damn, I must be in the minority. I'm a teacher. Cost more than my yearly salary in North Carolina.

Get what I'm saying! These threads always seem to bring out the 99% of people of a board that live the life of luxury with not a money worry in the world!

Fact is it's the people that don't post that are the ones that are living that life (most of the time).

[FlightSoftware]

Meh. No wife, no kids and no real expenses. Last car was 10 years ago, paid cash for it too.

Luck has a LOT to do with this, and I ain't that lucky. Or rich.

[Drags1998]

This will be a little bit of a Tug on My budget, I'm 60, Self-Employed(35yrs) and bought a Silverado 6.2-8speed in Nov.of 14, Super Nice LTZ LOADED truck!!! Now I will be making two MAJOR car payments for the next 4 yrs. Just HAD to get this done BEFORE I retire!!!!

[JDP Sales]

Originally Posted by LesBaer

I threw 25k into something called a structured note issued through my broker (UBS) for Morgan Stanley. No fees or anything since UBS issued it. It pays 7.75% for 1 year and is tied to the stock price, which also went after the fed increased rates and you'd still make money even if the price dips. This is just an example...there are more options like this out there apart from CD's and savings accounts.

That's a good point to consider on the insurance, but I don't think I'm going to go cheap on it during the first two years. I'd probably pay off my car within the first year unless I decide to send it to Callaway for something crazy lol.

Or, to JDP Motorsports . We offer transportation services as well. Let me know if we can ever help in any way. I look forward to hearing from you.

I make payments on my cars. I always will. I personally don't see the sense in tying up $45,000 in a depreciating asset when that money could be put to much better use. To each their own I suppose. We all love our cars and will do whatever we have to to own them. Its a beautiful thing how these cars bring us all together, isn't it


Jared Royce

[LesBaer]

I said it once but I don't think it resonated...it's about what you can save, not what you make. There's no way to justify a purchase like this. If you're a car guy and need to have it, you'll find a way to make it work. Just don't go too crazy or put yourself into a position where you're struggling to make the payments on a 7 year loan. If you can't put some money away each month on a 3 year loan, conventional wisdom says you probably shouldn't buy it or should look at something else. If you want to be conservative, you should have 6-9 months worth of total living expenses in liquid investments or cash and not need to finance. That's why I'm buying this instead of a Z51

[Dr. Love2]

This is my Christmas present. Definitely just for fun. I have four cars, my husband has four cars, and my son has one. Some women collect shoes or purses. I collect Horse Power.

Mine - 2010 SS Camaro, 2015 ZO6/Z07 Corvette, 2016 SS Camaro, 2006 Silverado
Husband - 2010 ZR1 Corvette, 2015 Dodge Dually, 1999 Saleen Mustang, 2003 Ford Lightning
Son - 2006 Mustang GT

[Boilermaker128]

Turning into a huge ego stroke...

[LesBaer]

Originally Posted by JDP Sales

Or, to JDP Motorsports . We offer transportation services as well. Let me know if we can ever help in any way. I look forward to hearing from you.

I make payments on my cars. I always will. I personally don't see the sense in tying up $45,000 in a depreciating asset when that money could be put to much better use. To each their own I suppose. We all love our cars and will do whatever we have to to own them. Its a beautiful thing how these cars bring us all together, isn't it


Jared Royce

If you're talking about leasing, your residual value is a reflection of the cars depreciation...so you can't escape it lol! There's actually a good calculator out there or formula that you can use to plug into an Excel spreadsheet that will tell you if the lease deal is better than buying. You need to know the money factor and residual to use it.

[SPARTAN sui]

Originally Posted by stratt

Damn, I must be in the minority. I'm a teacher. Cost more than my yearly salary in North Carolina.

You're not alone, my car will cost more than my salary as well. Computer technician for higher ed. I do run a computer repair business in my free time, so that does make this possible. I look at it this way, you only live once, you mine as well make the most of what you have.

[BradfordCamaro]

There is no difference.

I'm paying for a Vehicle now.
I'm just paying for a different one.

It will actually cost less to drive the 1SS as it gets better mileage than my Truck.

[Techn9cian805]

Originally Posted by BradfordCamaro

There is no difference.

I'm paying for a Vehicle now.
I'm just paying for a different one.

same, just adding an extra $115 to my monthly bill, small effect.

[Whis]

75k/yr and my fiance and i do not combine income but share expenses(combined income is like 140k). i still feel like it's going overboard... my build is at alike 46k W/O taxes, registration, etc. so yeah, splurging