Are we throwing money away for our passion?
- Thread starter Svt_devin
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I'm a bottom 1%er. I have to look up to see poverty. Does that count? Lol
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Yes we are, but you have to put the kind of money towards it that you're comfortable with. If spending $40k on it is freaking you out then don't do it. Once a person gets to the point that they don't have money to do other things they want, or start complaining about not having money for this or that, then it's a serious issue if that person continues to dump money into the car. I'm with the real estate guy that posted on the first page. Can I afford to buy a brand new Mustang or spend $40k+ doing an extensive building on my Mach? Yes, but I choose not too because it gives me more satisfaction to do something else with that money.
Don't make this guy angry!
Maybe these cars will increase in value, but I don't expect them to fetch 150K (then again, the same could be said for AC Cobras, and original GT500s).
Who knows - for now, spend the money and enjoy it or don't and sleep easy at night. There is no right or wrong answer.
Glad to see other people have thought of it too. I'm a car guy 100%, I live for it. I have no problem putting lots of money in my car just wanted to see how many others have thought the same thing
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Yes we are wasting our money 100%. But its fun...
There's no logic in life, you are gonna die. Have fun within reason and live.
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Oh yeah...I am one of those too! There is no way at all to justify modding and even most “muscle cars” as an investment for return. I am decently frugal on all other things in my life. But cars have always been my vise and passion. I love an overpowered nice car. Always have/ always will. Dont get me wrong, my kids will never go hungry for me to have a hot rod, but I love driving and working on them so much. No other “hobby” even compares! Now the guy who puts $200,000. in a drag car while his kids and wife live in squalor may need some redirect. But Im happy to put most of my time and money in cars.
For me, it's like being in a hate/love relationship BUT I try to prioritize & keep it moving. I also don't have any kids so that helps tremendously.
Smiles per gallon.
Pick your poison.
Pick your poison.
Very well stated. Man, if you are this perceptive and only in your 20's, then I give you "two thumbs up". This is exactly the kind of logic that should be taught to kids from an early age. Is 'Robert Kiyosaki' your dad by any chance???
I've never felt like I was throwing money away at the terminator....in the realm of automobiles, these cars hold good to almost great value.
Now hookers n blow?!...ya, that's throwing money away lol
Now hookers n blow?!...ya, that's throwing money away lol
Life is about choices. I make good money and live in a nice house. I could afford a much bigger house, but what I have meets my needs. I could afford to take a couple of fancy vacations every year, but it doesn't do much for me and feels like a waste of money. I choose to spend my disposable money on nice cars. I don't have anything exotic, but my wife and I buy (or lease) something new every few years and I've had a "fun" car in addition to a couple of family vehicles for the last 20 years. I used to heavily modify cars, but have kind of stopped doing that for the most part. I enjoy well engineered OEM cars now more than something heavily modified, but it was fun when I was younger and had more time to tinker.
Yes, it is a waste of money. But atleast you are starting with a foundation that has done most of its depreciation. Lots of people start with a 60K car and end up with a 20K car before the mods even start. Look at Corvettes for some steep depreciation.
That said, separate your wants from your really wants... thought I was going to say needs? No, we are on a Cobra forum, we are past that. If you can stomach paying 40k in mods, then do it... if not, put the money somewhere else.
That said, separate your wants from your really wants... thought I was going to say needs? No, we are on a Cobra forum, we are past that. If you can stomach paying 40k in mods, then do it... if not, put the money somewhere else.
Agreed! Have fun while your still vertical.
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Adding up my invoice sheets on my 08 makes me crazy.
If your smart you find a car that's pretty much the way you want it already. Then go through it with a fine tooth comb before purchase. I have maintained mine for 5 years adding little things here and there as well as scheduled maintenance. Had not cost me much... then I finally got around to swapping fuel pumps and retuning for e85... Under a 1000 bucks. Ill be over 700rwhp. That's a fast street car.
Only down size is it's not modern or comfortable but it's a true drivers car.
2004 Cobra 2.9 Whipple
Only down size is it's not modern or comfortable but it's a true drivers car.
2004 Cobra 2.9 Whipple
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