Buying a 5 minute dream car

aldente · 05-05-2021, 01:11 PM

https://www.marketwatch.com/story/i-saved-11m-for-retirement-earn-128k-and-have-56000-on-my-mortgage-can-i-afford-my-dream-car-a-nissan-gtr-2021-04-26

masraum · 05-05-2021, 01:16 PM

that's a weird ask and response. I'm not saying that any of the advice is not correct, it's just kind of weird.

aldente · 05-05-2021, 01:45 PM

The answer can't be from a car guy. But a Nissan should get you hours of fun, not decades like a Porsche.

varmint · 01:58 PM

Speaking of dream cars....

58k. Seems a bit much for a Subaru powered replica. But really good looking. It don’t kno hat these things go for. If t was near 40 I probably couldn’t control myself.

RANDY P · RANDY P's Garage

What a weird flex.

Tell him not until he hits at least 2M.

rjp

MikeSid · 05-05-2021, 02:19 PM

Every time I read some financial advice article, I am almost immediately reminded of one of my favorite lines from Dazed and Confused.

"I'd like to think quit thinking of the present as some minor insignificant preamble to something else."

It's important to plan and be prepared. But life can turn on a dime. I've seen plenty of people delay their dreams only to pass before getting a chance to enjoy it.

So the key is balance. And this 41 year old guy in the article seems to have eaten more veggies than desert in his short life. The absolute financial downside for him is maybe $20K. Buy it, hate it, sell at a loss. Big deal. At some point, we have to live.

wdfifteen · wdfifteen's Garage

Your dream car is a Nissan?

LWJ · 05-05-2021, 05:30 PM

On the speedster.

My Uncle had a neighbor when I was a kid. Rattty, rusty, ****** GORGEOUS speedster in the garage.

Still gives me wood.

wdfifteen · wdfifteen's Garage

Quote:

Originally Posted by LWJ

On the speedster.

My Uncle had a neighbor when I was a kid. Rattty, rusty, ****** GORGEOUS speedster in the garage.

Still gives me wood.

Here you go.

Real German steel (the JU 88 is mostly German aluminum).
If you think the looks affect you, you should hear that flat four roaring through a tunnel. Still brings tears to my eyes and I've been doing it in that car since 1973.

McLovin · 05-05-2021, 06:22 PM

The author/advice giver doesn’t realize he doesn’t know enough to give decent advice on that.

He doesn’t know, and doesn’t ask, what the projected appreciation/depreciation of the used GT-R is.

I’m not experts on them, but have some familiarity, and a “used $80,000 GT-R” could very well be worth $120k in 5-10 years. Depending on the model/year etc.

In any event, there’s a good chance it won’t depreciate at all, and if it does, it won’t be a whole lot. Certainly not going to go down to $5,000 like most cars.

The guy says it’s not going to be a daily driver, it’ll be a second car.

So he has plenty of income and savings to do it.

Ayles · 06:30 PM

I've been tracking GTRs for a long time... I love them and they just don't depreciate all that much. Even the oldest models from 2009 still go for over 50k and I think they stickered somewhere around 70k. Its not a Maserati that you can't give away once they are outside of their warranty. There are certainly some considerations here that weren't addressed in the article.

onewhippedpuppy · 05-05-2021, 07:07 PM

Well I don’t know about you guys but I go to some obscure website called “market watch” for all of my car buying advice.

cstreit · cstreit's Garage

Quote:

Originally Posted by RANDY P

What a weird flex.

Tell him not until he hits at least 2M.

rjp

This. Purely flex

drcoastline · 05-06-2021, 02:33 AM

Quote:

Originally Posted by MikeSid

Every time I read some financial advice article, I am almost immediately reminded of one of my favorite lines from Dazed and Confused.

"I'd like to think quit thinking of the present as some minor insignificant preamble to something else."

It's important to plan and be prepared. But life can turn on a dime. I've seen plenty of people delay their dreams only to pass before getting a chance to enjoy it.

So the key is balance. And this 41 year old guy in the article seems to have eaten more veggies than desert in his short life. The absolute financial downside for him is maybe $20K. Buy it, hate it, sell at a loss. Big deal. At some point, we have to live.

That's it right there.

GH85Carrera · GH85Carrera's Garage

Quote:

Originally Posted by wdfifteen

Your dream car is a Nissan?

Some people dream of strange things. I wanted a 911 from the first time I sat one in 1967. Dad needed a new car, and I pestered him constantly for us to go test drive a 911. The perfect family car for a family of 4 with two teenage boys.

I got to touch and feel it, and ride scrunched up in the back. Fell in love on the spot. Dad bought an Oldsmobile Delta 88 with a 454 for way less money (it was 1967 and gas was cheap) and it had a bit more leg room in the back for my brother and I.

I worked one job and a part time gig to earn the money to buy a 74 914 2.0 brand new. 21 years later I bought my 85 911. It has since pretty much tripled in value, and has returned many hours of fun. What other car from the mid 1980s can be driven to 41 states, and scream around tracks like Laguna Secca, in Californai to Roebling Road in Georgia. I did not buy my 911 as an investment, it is a toy. And a dang fun toy. Worth every penny. It is not for sale for less than 100 grand, maybe 120K.

aschen · 05-06-2021, 09:03 AM

he was a teenager when the grand toursimo games came out and 20 when F&F came out. GTR doesn't strike me as odd at all as his dream car.

At 41 single with 1.1 million in retirement, you could make the argument that he is more or less done saving for retirement. Money should grow to 5-6 million by 65.

Or he could be like me, get married and have kids later in life than many, and realize life can get a whole lot more expensive.

pwd72s · 05-06-2021, 09:40 AM

Quote:

Originally Posted by aschen

he was a teenager when the grand toursimo games came out and 20 when F&F came out. GTR doesn't strike me as odd at all as his dream car.

At 41 single with 1.1 million in retirement, you could make the argument that he is more or less done saving for retirement. Money should grow to 5-6 million by 65.

Or he could be like me, get married and have kids later in life than many, and realize life can get a whole lot more expensive.

Age definitely a factor when it comes to what is considered a "dream car"...but only a factor. I know a guy who considers old USA luxobarges the ultimate...Caddy Eldorado, etc. Another has the hots for a Nomad wagon...early 911's, speedsters, mercedes gullwings, and yes, GTR's. The "dream car" list is long and varied...

Guess I was lucky to have had one for a spell...to have been there done that.

The Market watch piece was interesting...to each his own while looking at it from various angles.

varmint · 05-06-2021, 11:46 AM

i always call my broker before making a major purchase. doesn't everyone?

the guy in th original post seems relatively well adjusted. i think he can indulge this one time.

shinrai · 05-06-2021, 12:29 PM

Just by looking at those numbers he'd be a lot farther ahead if he wasn't such a saver.
But to each his own. He worked hard and needs a shove to now go have some fun. We should always be having fun.

Jims5543 · 05-06-2021, 05:53 PM

Quote:

Originally Posted by aschen

he was a teenager when the grand toursimo games came out and 20 when F&F came out. GTR doesn't strike me as odd at all as his dream car.

At 41 single with 1.1 million in retirement, you could make the argument that he is more or less done saving for retirement. Money should grow to 5-6 million by 65.

Or he could be like me, get married and have kids later in life than many, and realize life can get a whole lot more expensive.

Personally, I would want an older version of Godzilla, I appreciate the appeal of the newer models. I would shop for a R34 before a new one. Edit - I used to like the R32's but think the R34 was the peak of the design of the car.