How do you pay for your mods?
21 - 40 of 79 Posts
Joined
·
5,669 Posts
John hit the nail on the head. How the **** someone could mod a car that they don't own is beyond me. :headshake:
Joined
·
541 Posts
^^"how the **** someone could mod a car they don't own" ? simple by turning a wrench. Why someone would mod a car they dont own? Maybe their payment is only $215 a month and they only owe around 4k and its no big deal to pay a very small amount of interest on that amount to have some fun. :dunno:
G
Guest
·Are you being serious or a dick I cant tell :lol:
Joined
·
573 Posts
I figure out the bills for next month and if I see I have enough cash, I will purchase whatever. It doesn't help tho that I want the more expensive things. I only use credit cards on emergency; thankfully nothing major has happened yet.
Joined
·
47 Posts
cash, I believe if your really want somthing its worth the wait. besides i have enough medical bills, plan to burn them for warmth this winter while saving for FI.. almost there yes!!!
Joined
·
541 Posts
Im just curious, For all that voted cash for mods-- did you wait till you had enough cash to pay for the Z outright ???
Nevermind, I'll shut up already i'm kicking a dead horse. You guys are right paying interest on credit cards is rediculous. But if a credit company offers EVEN money for a prolonged period, I say go for it if you are responsible enough to pay it off in full before interst kicks in. In my case it was 6500 0% for 18months, so I maxed that b**** out and paid it off before any interest. I am 27 and have paid less than $100 in interest ever to a credit card, just be responsible guys and gals.
Nevermind, I'll shut up already i'm kicking a dead horse. You guys are right paying interest on credit cards is rediculous. But if a credit company offers EVEN money for a prolonged period, I say go for it if you are responsible enough to pay it off in full before interst kicks in. In my case it was 6500 0% for 18months, so I maxed that b**** out and paid it off before any interest. I am 27 and have paid less than $100 in interest ever to a credit card, just be responsible guys and gals.
Joined
·
1,603 Posts
well i voted other but SHOULD have voted for CASH because credit cards are nothing but trouble and my kryptonite which is why i don't use them except for emergencies.
I would never have owned a Z still being married! if i do re marry she WILL have a job! If i can carry my own im sure that there are women out there who can do the same.
Joined
·
1,603 Posts
not even sneaking a drop in [email protected]I don't have "mod" money....two in college, four car payments, etc.I will though at some point....eventually my money will be mine. I see a light at the end of the tunnel (I hope anyway, but I bet it never ends).
or toykilla's plenum spacer?
Joined
·
1,603 Posts
I plan on keeping it that's why i mod it.
should be the only reason one would do so, besides completely owning it.
even now...I do not desire any car....still have love for the Z.
Joined
·
9,071 Posts
Can someone change my vote response?
After reading and thinking...we do cash / credit pay off every month.
I'm sleep deprived, so I wasn't thinking correctly.
We modded the Lightning and the Z before we owned either. We knew we would have them forever. We insured the L for the bolted on parts so in case it was totaled or stolen everything would be covered. We were pretty lucky to come into some $$ just when we had the mod bug for each vehicle.
Long story short:
We charge nearly everything to get the points for it. Pay it off every month and start over!
Cash for little parts -- belts, bolts, etc.
After reading and thinking...we do cash / credit pay off every month.
I'm sleep deprived, so I wasn't thinking correctly.
We modded the Lightning and the Z before we owned either. We knew we would have them forever. We insured the L for the bolted on parts so in case it was totaled or stolen everything would be covered. We were pretty lucky to come into some $$ just when we had the mod bug for each vehicle.
Long story short:
We charge nearly everything to get the points for it. Pay it off every month and start over!
Cash for little parts -- belts, bolts, etc.
Joined
·
6,194 Posts
I have been contemplating whether I should reply regarding this, but I guess I will give it a try...
As a general rule, yes, that is completely sane, but let me briefly explain my situation.
I borrowed 20k for 5 years at 5% to buy my car. That is pretty much exactly halfway done now, so I owe about 10k still(significantly less than I have put into modding). Right now, I very literally have no living expenses. I have a full scholarship to attend school, and actually I usually end up with a few hundred bucks a semester left over to pocket. Most of the money that I brought in before I had a car payment, and the remaining money I can bring in now I put straight into my online portfolio. I have been more of a trader than investor for the past couple years, and have managed to bring in at least 10% fairly consistently. (Then again, every once in a while you own Apple when they announce the I-phone and it nearly doubles your investment in slightly more than a month!)
So, what that means is that I could pay the car off this afternoon if I wanted to, but I am actually being more productive doing it as I am. What that also means is that the only significant amount of money I have ever removed (to pay for the turbos) was almost entirely accumulated interest from the 2 years prior to pulling the trigger.
Just food for thought, I hope this makes sense. I personally do not think I am all THAT stupid, but maybe it's just me ; )
:cheers:
Joined
·
1,902 Posts
A life of crime . . .
Joined
·
1,377 Posts
i rarely use cash because i get too many points for makin big spends on the credit card. i pay it off soon after and i get twice the benefits, the points, AND the mods no matter what the cost lol tho then again no expenditure has been over 2grand since im not pullin off some FI project or so
no matter what the cost lol tho then again no expenditure has been over 2grand since im not pullin off some FI project or so21 - 40 of 79 Posts
