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Cars We Drive! - Page 403

post #6031 of 15743
Quote:
Originally Posted by GreenFrog View Post


Yes, but when it comes to 'buying' a new car, the VAST majority of Americans lease or finance it. Very few people actually pay $30K in cash to buy a loaded Honda Accord, for example. The only people I know who pay cash outright for a brand new, non-luxury car (~$30,000) are people who have above-average incomes and don't care for performance or status. I also know people with above-average incomes who only lease/finance new cars that are in the $60-90K price range and never actually pay cash to own a car outright.
Never did I say you can generate a guaranteed 3%. I'm just saying that it's not hard if you're willing to invest in some more risky vehicles. The only 'guaranteed' returns you speak of can be found in money market funds or high yield savings accounts that yield 7-8 BPs.
19.76% since August 2011 (when I first started working). You are correct -- 4-5% APY is good for this environment. I place riskier bets and most of them have paid off.. hence my higher returns.
As for retirement funds, are you referring to pension funds? 401(k)s? IRAs?

 

the comment was only stupid people buy cars without having twice its value in cash

hardly anyone can do that

 

I'm sorry, but I'm not buying 20% in less than 1 year with a 401

it is hard to make 3%, and easier to lose money in risky bets

I've been investing since the mid 80's

 

where can I find a MM , CD or savings accounts that guarantee 7-8 points or 0.07-0.08% (1 BP = 1/100th %) and why would I want it. lol

I can get 1 to 1.5% locally

 

large state retirement funds are having trouble yeilding 3%

post #6032 of 15743

It's easy. People who can spend that money on a car have the money (not poor, a normal person with a good job, saved money), otherwise they dont know how to plan and would sell the car after 2 months.

 

If I would buy me a GT S for $100k I would look that I have an extra $100k saved in the bank account, that's it. If it need repair, service whatever. I have the cash.

post #6033 of 15743
I wouldn't know but something tells me you don't need $100k to service a GT-S. Maserati MC12, sure.
post #6034 of 15743
Every 20 pages this stupid argument comes up. There are even whole threads dedicated to "how much do you have to have before you spend X". Stop shitting up this thread with "advice" about personal finance when it is obvious to anyone who has ever thought about anything ever that its all down to personal circumstances. There is no way your opinion on cashflow can accurately take into account the other guys debt, long term investments, cashflow, personal circumstances, insurance, lifestyle and personal value system, so why make the rest of us read your bullshit? Thats aimed at both of you in this instance. There is no winner, only failures.

/rant
post #6035 of 15743
Quote:
Originally Posted by JuyLe View Post

I wouldn't know but something tells me you don't need $100k to service a GT-S. Maserati MC12, sure.

+ 1

post #6036 of 15743
I thought new-age Masers were pretty reliable anyway? Still, I wouldn't spend my last cent or close to it on trying to buy a car like that, or even half the car. If I was running the paper route and 16, then yeah, maybe I'd blow everything I make on a shitbox, but that's not exactly the same thing...
post #6037 of 15743
So kicking and screaming I have been dragged in to the automotive world. I'm doing some work in a related field and finally caved and bought my first vehicle.

I have to say I love the damn thing. It's an older ES300 but it runs like a dream. I think I'm 100% sold on Lexus. Id take a used Lexus over pretty much any non-luxury car.
post #6038 of 15743
My neighbor pulled his pristine series 1 E type coupe out tonight, haven't seen it in awhile. I guess it'd been in storage so long that he couldn't get it started, then it fired right up after about 20 minutes. Sometimes living with new cars (or no car at all, in my case) you take that stuff for granted. I have owned 3 BMW's, an Audi, a VW, a Honda, an Acura, a Nissan, and a Volvo - some of them were the models with questionable reputations and some of them I fiddled with so much that they should've broken down at any time, but I've never really had too many incidents where I've had to fight the car to get it to move.

581964_10100965810265440_1031482065_n.jpg
post #6039 of 15743
Quote:
Originally Posted by impolyt_one View Post

My neighbor pulled his pristine series 1 E type coupe out tonight, haven't seen it in awhile. I guess it'd been in storage so long that he couldn't get it started, then it fired right up after about 20 minutes. Sometimes living with new cars (or no car at all, in my case) you take that stuff for granted. I have owned 3 BMW's, an Audi, a VW, a Honda, an Acura, a Nissan, and a Volvo - some of them were the models with questionable reputations and some of them I fiddled with so much that they should've broken down at any time, but I've never really had too many incidents where I've had to fight the car to get it to move.
581964_10100965810265440_1031482065_n.jpg

Snake picture :D

post #6040 of 15743
can't see shit dawg

rs5 is sick but the grill is atrocious, sad when a license plate improves on its looks

unfortunately the aging m3 still banks on it in a race, kind of sad really considering the car just came out
post #6041 of 15743

The new rs5 don't sound that nice. 


Edited by Hampton - 7/14/12 at 11:43am
post #6042 of 15743
it even sounds slow
post #6043 of 15743
I like the older S5 in terms of looks.
post #6044 of 15743
Quote:
Originally Posted by jet View Post

can't see shit dawg
rs5 is sick but the grill is atrocious, sad when a license plate improves on its looks
unfortunately the aging m3 still banks on it in a race, kind of sad really considering the car just came out

The bright silver plastic spoiler thing on the front comes in black as well which helps ALOT, but most current audi's are fugly, so it's like putting makeup on a pig.

It's a 5 cylinder from what I remember, so you should be a great engine.
post #6045 of 15743
Quote:
Originally Posted by jet View Post

can't see shit dawg
rs5 is sick but the grill is atrocious, sad when a license plate improves on its looks
unfortunately the aging m3 still banks on it in a race, kind of sad really considering the car just came out

 

the RS5 is over 8 sec faster than the M3 around the 'Ring, same tires, same driver (the newer M3 is only 4 sec faster than the older RS4 over 13.2 miles, ~8 minutes)

straight line they are close

but these are not race cars, they are street cars that can't be used at even 80% on public roads

 

the RS5 has awd, the M3 does not, a huge advantage in the real world, even more so depending on clime

the new S6 will smoke either, it's 1 sec faster to 100 than the new M3, 12.3/116 1/4 mile

again, moot, strret cars driven at an avg 40 mph during its lifespan

 

I've outgrown the mine is bigger than yours mentaility...

 

as far as sound, the RS4 is the best sounding car I've owned, mechanical and sonorous, the engine is a jewel

the guy who designed the engine designed the M V8 engine, he's back at BMW now

M3's, especially the e46 sounds like a raspy chain saw (had one for 150k miles)

the e36 sounded like a regular car, a shame we did not get the 321 HP 7.6k rpm euro car

I put a supersprint on my e36, better, but not even close to the RS4

911, very mechanical, but again, not really good sounding


Edited by Arthur PE - 7/14/12 at 7:34pm
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