sports luxary car a good investment?

[mackin 10+ year member]

yeah but you're looking at 03's and up lol.. and to make a return on a car you usually need to improve something like restore it etc..
but i do see what you're saying. my dad has a '64 corvette that he bought back in the day and now it is worth alot more.

whoops i definitely looked at your post thinking it was the OP. my bad Injected. //content.invisioncic.com/y282845/emoticons/redface.gif.62fdbfe1a101588a808c4cff71bcb942.gif

 

[bumpweLL.nYc 10+ year member]

Just throwing ideeas out there, but in no way is a car an investment unless its super rare or has big $$$ in it, just hope that it at can almost hold its value!

I wish I had 25k lying around. A guy around here is really pressed to sell his gt40 thats less than two years old (they reopened the production line in Australia). I checked the shop and a complete rolling chassis goes for 80g, with interior and paint, so maybe that car was 100grand? fuggin beautiful car, but **** tiny!

I know another guy who found a pretty nice NSX with a lite nose hit and got it done for ~12g. Repairable Ferraris can be had for 30g.

 

[12sec50 stang 10+ year member]

since you probably won't get much of a chance to drive the car, I would just invest the money. Go to a credit union near you and see what kind of high-yield accounts are available (money market accounts are in the toilet right now, but when I talked to my banker recently, she showed me some accounts (special type of CD iirc) that had 4+% interest rates and you could choose a 6,12, or 18 month term to leave your money in there (obviously, a longer term means a higher interest rate). Put all of the extra money you earn into accounts like this, and when you get out you can go buy a nice sport-lux without financing it. Buying a car (other than a collector) is one of the worst financial investments out there. And since you probably won't have a chance to drive the car, there's no "happiness" return either. No sense in buying a car now to let it sit for several years. When you get out, you'll have more money to buy the car you want, and the cars you're looking at now will be cheaper.

Some of th best advice anyone has told concerning finances but one of the main reasons i want to finance is to build my credit. the car will be driven my other vehicle wont be driven either while im at bct and ait

 

[LaserRed38 10+ year member]

I'd personally rather have a brand new 135i without iDrive, than a used 645. But then I would probably never buy a new car period. For cheap (relative compared to the 645, and well the Charger..my friend has one..they are a b*tch to work on and their interior is SO cheap) I would go for a 03/04 Cobra. So easy to mod and make 600+ whp.

 

[12sec50 stang 10+ year member]

I'd personally rather have a brand new 135i without iDrive, than a used 645. But then I would probably never buy a new car period. For cheap (relative compared to the 645, and well the Charger..my friend has one..they are a b*tch to work on and their interior is SO cheap) I would go for a 03/04 Cobra. So easy to mod and make 600+ whp.

yeha i have driven aall except the beemer my dad has a 03 cobra that puts down around 550hp only down side it gets horrible mileage and the streetablity is not good at all but are a blast at the strip and on the highway im really falling in love with the 6 series

 

[mackin 10+ year member]

yeha i have driven aall except the beemer my dad has a 03 cobra that puts down around 550hp only down side it gets horrible mileage and the streetablity is not good at all but are a blast at the strip and on the highway im really falling in love with the 6 series

get a 335i. i wish my parents were really rich so i could have one.

 

[12sec50 stang 10+ year member]

this is out of my price rane but man do i wish i had a little extra money http://www.autotrader.com/fyc/vdp.jsp?car_id=226583366&dealer_id=54543980&car_year=1998&num_records=25&model=&systime=&make2=&start_year=1981&engine=&keywordsrep=&keywordsfyc=&certified=&fuel=&body_code=0&search_type=both&distance=0&marketZipError=false&search_lang=en&first_record=26&make=FER&color=&keywords_display=&page_location=findacar%3A%3Aispsearchform&min_price=&drive=&default_sort=priceASC&max_mileage=&style_flag=1&sort_type=priceASC&address=70734&advanced=y&end_year=2008&pager.offset=25&transmission=&doors=&max_price=&cardist=719

 

[bimma85 5,000+ posts]

Some of th best advice anyone has told concerning finances but one of the main reasons i want to finance is to build my credit. the car will be driven my other vehicle wont be driven either while im at bct and ait

While I agree that building assets would be the best choice, I would have to disagree with that advice.

I would recommend actually investing your money in assets, because 10 or 15 years from now you could be driving a brand new lambo(if the money was invested wisely) or you could be driving your then 10+ year old ford. //content.invisioncic.com/y282845/emoticons/greedy.gif.5a53e6246569d7ab79867170f3b06629.gif

However "investing" in a CD for 4% interest isn't gonna get you anywhere //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif. Hell you could have gotten in and out of the visa IPO already and pocketed (after taxes and everything) about 15-20% of your investment in no time.

Also do not buy real estate and do nothing with it, unless it's just land. Even then I would check what the taxes and insurance would be.

 

[bigbangtheory 5,000+ posts]

I just think it is funny in the title you state "sports luxary car a good investment?" We all have told you not really, yet you came arguing what to get. I guess you take our opinions with a grain of salt, so why really make a thread.

Seems like you have your mind made up to me.

 

[LaserRed38 10+ year member]

yeha i have driven aall except the beemer my dad has a 03 cobra that puts down around 550hp only down side it gets horrible mileage and the streetablity is not good at all but are a blast at the strip and on the highway im really falling in love with the 6 series

Then he doesn't have the right power adder/clutch/suspension combo. It is very easy to make a 700 whp TT Cobra with a 4R70 auto that you can drive everyday and get 24 mpg on the highway...Just letting you know. If you went that route I could help you pick out mods. My ex liked the 6 series...I always though it was an eyesore. Again I'd rather have a new 135 or 335 than a 6 series (get better gas mileage and pretty much equally as fast, 135 is probably faster). If you have all Chevys and Fords in your family, your in for a surprise on the maintenance costs of a German/almost any other Euro car...

 

[IgnoreMe 5,000+ posts]

i would take an 04 cobra in a heartbeat if i had the money.

screw gas prices, i can live with it for a car like that. hell, screw insurance, ill deal with that too.

btw, as hoss said, the only real luxury car on there is the bmw, the cobra and charger dont really fit both bills.

 

[wErd 5,000+ posts]

F that, let a 'ghini

 

[wErd 5,000+ posts]

btw, cobras **** to drive....stiffest clutch EVER

 

[hoss 5,000+ posts]

I just think it is funny in the title you state "sports luxary car a good investment?" We all have told you not really, yet you came arguing what to get. I guess you take our opinions with a grain of salt, so why really make a thread.
Seems like you have your mind made up to me.

several times i have asked questions after i had already set my mind on something. usually looking for justification //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

sometimes looking to be dissuaded.

 

[hoss 5,000+ posts]

btw, if you get a cobra, i can try to get you in touch with daniel carpenter for some parts //content.invisioncic.com/y282845/emoticons/biggrin.gif.d71a5d36fcbab170f2364c9f2e3946cb.gif