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what would u do with 20grand ?

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Old Jun 14, 2006 | 06:56 AM
  #16  
ibanez_926's Avatar
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Originally Posted by Rez90
dont' buy stuff you can't afford.
+eleventybillion
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Old Jun 14, 2006 | 07:01 AM
  #17  
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Pretty bad if you are getting finacial advice on a EVO Forum
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Old Jun 14, 2006 | 07:10 AM
  #18  
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Originally Posted by yesevo
has anyone here got a auto loan 20 grand extra towards modding for evo ?
this is what im going to do if i buy evo9 mr.....

this is gonna cost me like $1.000 everymonth for 5 years.including car cost + mods

is it worth to try? i mean i could get 2.3l blue print engine and gt35r turbo set up with all the goodies for this money at one shot from buschur or ams..,,,,,,,,,

anyone give me some advice....
You are young aren't you? NO, NO, NO, NO, STUPID, STUPID, STUPID, paying interest on a depriciating asset is not wise in the first place, but most people have too including me. Paying even more interest on parts that you will get pennies on the dollar is even less wise.

If you don't have a house buy a house first, if you're not saving for retirement start saving, if you don't have 3 months of monthly expense cash stashed away start saving it, if you have done the above buy a sports car if you want.

I see these college kids all the time living in a dorm having all of their money going to a car note and car mods while taking out student loans to help pay for the mods.

One day major regret will set in and they will pay dearly for their mistakes now.

Good luck!
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Old Jun 14, 2006 | 07:20 AM
  #19  
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plus if you have gap and you total the car it will cover the cost of car not the extra 20 grand...which means you are making payments on stuff that was destroyed. and thats not even the main reason not to do this crazy idea.

just see what you can afford payment wise....and get the car, then extra money each month put in a savings or something that collects interest and then as you save you then buy parts as you have the money....You can have a powerful car without getting totally crazy with throwing cash around.
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Old Jun 14, 2006 | 07:23 AM
  #20  
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Originally Posted by AC556k
Wait, where do you live? Just my taxes, flood insurance, and property tax is $9k per year . That does not even include my mortgage payment .
The better answer is where do you live? 9K in Tax, Flood, Homeowers will get you around a 800K house in Louisiana. A 800K house within 35 miles of New Orleans will get you 6000sq/ft living well you get the picture.

You can go to Branson Missouri and pay almost 20% of your homes value in tax!! A 200K home will cost you almost $4500 a year in tax!
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Old Jun 14, 2006 | 07:29 AM
  #21  
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In Lawrenceville NJ, I m paying 11K tax alone for a $450K house. (2700 sqft)
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Old Jun 14, 2006 | 07:34 AM
  #22  
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JUST DON'T DO IT!

Follow Jasil's advice in post #18
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Old Jun 14, 2006 | 07:35 AM
  #23  
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I have a nice small house. I don't have a family so I don't need a big house. My house is a Little over 1000sq ft. I live in Central New Hampshire.
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Old Jun 14, 2006 | 07:41 AM
  #24  
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you guys make me think twice .......
ok. well i ll buy some used nissan maxima....and save money
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Old Jun 14, 2006 | 07:43 AM
  #25  
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**** with 20Grand i'd have paid off all the current mods I'm doing and still have like 14,000 to play around with, most likely put it in bonds and stock and enjoy the good life
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Old Jun 14, 2006 | 07:52 AM
  #26  
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put it towards a house
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Old Jun 14, 2006 | 08:00 AM
  #27  
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If you dont take their advice, prepare for the consequences. Seriously a bad idea. Get out of debt first before taking on another one. Everyone here would love to sink 20 grand into their cars, but not by way of your idea.
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Old Jun 14, 2006 | 08:06 AM
  #28  
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yesevo makes the best threads lol
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Old Jun 14, 2006 | 08:09 AM
  #29  
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that is just plain stupid...
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Old Jun 14, 2006 | 08:10 AM
  #30  
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i def wouldnt do that, BUUUUUUUUUUUT in EVO WORLD FANTASY LIFE, i'd sent an evo to AMS with the whole 20k!!!
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