What Would You Do?

[Modena]

Nothing worse for a man than getting engaged or worse still married... if you have kids too then forget about ever having money to burn.

So keep your car and tell your GF to shuv it. Also tell your parents to not give you financial advice unles they want you to invest in something solid like real estate etc.

[mad082]

Nothing worse for a man than getting engaged or worse still married... if you have kids too then forget about ever having money to burn.

So keep your car and tell your GF to shuv it. Also tell your parents to not give you financial advice unles they want you to invest in something solid like real estate etc.

there is a hell of a lot of bad advice given by parents about that though. plenty of people were pressured/rushed into the property market in the past 2 years who are going to find that if they had waited they could've got a house for much less. prices are on decline (dropped by about 10% in the past 6 months in my area), but that is a discussion for a different thread.

[Touge Kyousou]

Just to be the bad man 'ere...

If i was in your situation but with my life experiences so far, i'd hate it but i would probably sell it HOWEVER only to reinvest the money.

I'm not that old myself at 26 but have learnt enough to know how i would've done things if the clock was wound back. It really depends where you reside (thus mostly determining real estate opportunities), whether you have the knowledge and balls to enter the stockmarket or whether you have some passionate skills and can use the money to start your own business.

Play your games right with real estate, and you can make big returns in several years only (i'm in Sydney so going by Sydney market trends) - big enough to buy you an r34 gt-r and put down a deposit on a house once you sell the investment property or whatever (though you may keep it as an investment, forgo the toy car and also buy your own place *shrugs*). Possibly bigger returns with shares but man you gotta have the balls and skills for it..probably a harder avenue to chase for normal people like me or starting your own business makes alot of sense.. most successful small businesses turn over a decent bit of money and the bottom line is generally pretty good to and the upside is you be your own boss and work whenever you want (though that most likely will be 24/7 haha but you get the luxury of stepping off whenever you want etc). Having the business will allow you to buy pretty much any non exotic car you want and you can then just claim the whole lot on tax too haha...and mods as well (ahem maintenance).

Like Terry mentioned, the Gt-r won't depreciate quick, but it still does and you've always got the worry of the engine packing it in necessitating a multi thousand rebuild or what ? Sell it with a dud engine for way less than market value. Like alot of gt-r owners recommend, you really gotta have some money to own one properly whether it's rebuild or modding (having two turbos mean some mods will be almost double price too!). I think i've seen people mentioning having basically 10k aside dedicated to the car. I know i'd rather own a car like a gtr knowing i can do whatever i want to it and restore it etc..$$.

Getting engaged is also the start of pretty much throwing your money away as well =/. I'm engaged myself and it goes like this i reckon. Engaged, move into a place together (buy? rent? Bills/groceries/insurance etc), marriage a year later (omg $$), baby (omfg $$) not to mention wife will be off work for at least 1 1/2 year (you better have a high income by then!)! Not saying this is the path you will take but i think in general this is probably one of the more common paths.

Fyi, i'm engaged, have just had my first child and am renting a place with the missus near our parents and i have a cheap investment unit. I work in IT in a small company, i want to start my own thing but now's not the time as i need stability with baby being here and all. Prior to this, i had a v35 purchased 2 years ago for $32500 fully owned, and recently sold it for $26000 (spent near 10k on it before rego/insurance etc) to buy all the baby stuff and also for some of the medical bills etc. Also had to buy a family car with it.

I'm not showing off or anything (it's not worthy of showing off and i don't care for flaunting) but am simply trying to give you what i think is ok'ish advice/opinion seeing as you did ask for it and all haha. If the above doesn't sit well with you, just ignore it but that's been my life so far.

Good luck and all mate.

Edit - I see you're in melb...property is pretty ridiculous down there from what i know. The average price is actually higher compared to sydney and i'm sure there are a few suburbs down there that will boom 40-50% in the next few years. There's a couple around sydney. Oh yeah, i do alot of work for real estate businesses so am surrounded with the bullcrap that is the housing of our capital cities (or at least sydney but i'd imagine it'd be much the same in melb).

Edited December 31, 2010 by Touge Kyousou

[Modena]

there is a hell of a lot of bad advice given by parents about that though. plenty of people were pressured/rushed into the property market in the past 2 years who are going to find that if they had waited they could've got a house for much less. prices are on decline (dropped by about 10% in the past 6 months in my area), but that is a discussion for a different thread.

In America, maybe. In Australia, RE market is going strong. It also depends where you buy. Like I said, I bought mine for just under $300 K in 2008 and now the same houses in my area are going for $420-450 K. Thats almost making an easy $150 K in just over 2 years just holding the property.

I have mates who are still waiting for the property prices to come down, or to find "that special bargain"... they will be waiting till cows come home.

I would love to buy a second property soon.

[mad082]

In America, maybe. In Australia, RE market is going strong. It also depends where you buy. Like I said, I bought mine for just under $300 K in 2008 and now the same houses in my area are going for $420-450 K. Thats almost making an easy $150 K in just over 2 years just holding the property.

I have mates who are still waiting for the property prices to come down, or to find "that special bargain"... they will be waiting till cows come home.

I would love to buy a second property soon.

you might want to do a bit more research in prices. some suburbs are still climbing slowly but generally speaking houses are over priced and we are starting to see a price correction. as i said, where i am prices have dropped 10% in the last 6 months. housing prices simply can't keep growing like the real estate agents say (they say the price doubles every 10 years), otherwise in probably 30 years time 1 weeks loan repayment will be a whole months wage (i'm not joking), since house prices are growing much faster than wages (add an extra 10 years onto that equation and it becomes 2 months wage = 1 weeks loan repayment). as it is the housing market is getting to a point where a great deal of people can no longer afford to buy, and the less people buying, the harder it is to sell and the more you have to drop the price to get a buyer (resulting in a drop in housing prices).

but this isn't the thread to talk about this. pop over to the wasteland section, we have a very good thread in there about it.

[LotusGTR]

Nice to see this forum knows you're getting engaged. Does your girlfriend? Perhps it's a generational thing but I'd have thought she'd be the first to know, and that it would be a surprise....?

I'd keep the car, as as life goes on it will likely yield you less opportunities for such things, unless you do well, which you may, and you may not. If ownership means you're begging favours i.e. keeping the car in your parents garage then unfortunately you're going to have to consider their opinions on the matter.

Forget chasing 11s would also be my advice. Be happy you have a GTR and use the 11s fund to invest, provide for the future of your relationship and inevitable offspring.

Good luck either way.

[FineLine]

Nice to see this forum knows you're getting engaged. Does your girlfriend? Perhps it's a generational thing but I'd have thought she'd be the first to know, and that it would be a surprise....?

I'd keep the car, as as life goes on it will likely yield you less opportunities for such things, unless you do well, which you may, and you may not. If ownership means you're begging favours i.e. keeping the car in your parents garage then unfortunately you're going to have to consider their opinions on the matter.

Forget chasing 11s would also be my advice. Be happy you have a GTR and use the 11s fund to invest, provide for the future of your relationship and inevitable offspring.

Good luck either way.

Well said nick, In the grand scheme of things if the money you get from the sale of a gtr is going to determine your future then you have a lot more to worry about than keeping your car. The going price for a gtr is not a substantial amount and should not be an amount that will greatly determine your future.

To the OP, its your car and your life to do with as you will mate but if you are anything like me you will regret selling it if you are as fond of it as I was with mine.

[drgtr7]

Nice to see this forum knows you're getting engaged. Does your girlfriend? Perhps it's a generational thing but I'd have thought she'd be the first to know, and that it would be a surprise....?

I'd keep the car, as as life goes on it will likely yield you less opportunities for such things, unless you do well, which you may, and you may not. If ownership means you're begging favours i.e. keeping the car in your parents garage then unfortunately you're going to have to consider their opinions on the matter.

Forget chasing 11s would also be my advice. Be happy you have a GTR and use the 11s fund to invest, provide for the future of your relationship and inevitable offspring.

Good luck either way.

Us Arabs do things slightly differently, i went with my parents to her house and put forward my intentions and they where all sweet. It hurts heaps seeing the GTR sitting in the garage and knowing another 140 days of waiting is on my plate. But hey that's life.

From the feedback I've been getting keeping the GTR seems like the way to go, whilst saving up on the side for my future.

[adamskill]

This is my problem, my old man wants me to sell due to it just sitting there and the fact that I'm getting engaged in about 2-3 months hence i could use the money for my future ect if i do sell the car, but i recently got a full time job so.. what do i do? I really want to keep it and spend some money on it and get it to hit 11's but just not to sure. Do i sell use the money, and wait till may get something else or?

Any opinions or words of wisdom would be appreciated!

Thanks alot for taking your time to read this shit. Cheers

mate if you already own an R33 GTR, and only just got a full time job!!!!??, money must not be a problem at all. keep the car. its obvious you can afford it.