Discussion in 'General' started by cortezmachine, Aug 1, 2022.
Where are Espirit values at?
But nothing anyone says here has any impact...Got it.
it doesn’t. I was just confirming the hatorade
Disagreement = Hate...that will be the epitaph for your generation.
at no point did I ask anyones opinion about my finances. I presented a vehicle I was interested in purchasing as many other people have discussed on this motor sports forum in regards to vehicles and bikes without the same…. flavor of scrutiny.
Beautiful car, buy it if you want it. Is it a good investment? Who knows and does it matter? Single bean chocolate and Wagyu ain't a good investment but I stock up on'em anyway as they make me happy.
Asking anything serious here is gonna bring out opinions. Lots of them.
Love the styling.
Off to watch Harry's video.
I drive a Lotus 3/11 in Forza 7. I would buy another.
beginning of thread:
You kind of asked if buying a Lotus is a good financial decision, then followed that up with stating it was going to be a good investment.
I think it's a cool car. I'm all for fun RWD manual shifting sports cars. However, stating that it's a good investment is absurd.
fair enough. I took the bait. Though it may depreciate, in this new world of electric vehicles we’re going to be forced to live in…. I have an inkling vehicles like this will gain value over time or at least retain their value more than others.
If you want to get your money back on a car, then get an old pickup truck before 1970, restore that shit since you do body work, and use it as a daily driver in the meantime.
Then offload it and get another one.
If you have kids and aren't on track to some type of home ownership, then vehicle shopping for new shiny stuff that comes with big insurance bills and big plate bills should be pretty low on your priority list.
As the fed keeps jacking interest they'll slow the housing market, but there were a lot of cash buyers this time around, I don't expect it to nosedive. Maybe retract ehhh...25% but nobody really knows what direction this thing will go.
I wasn't baiting anyone. Just pointing out the facts of the matter in general. Buying a car that isn't going to be used to get work done is never a good financial decision. How bad of a decision requires factoring other things such as an individuals current financial position and depreciation rate on said car.
It wasn't a good idea when I did it either but if it burned to ground in the driveway tomorrow I'm not going into financial ruin over it.
You should see the amount of trailer parks around here that were bought by investment firms.
These hillbillies are paying double for their lot rent that they were paying less than 10 years ago.
tiny home parks are the future bruh.
Nope...that's a Motel 6 with a higher price tag.
Are you new here?
I made one stupid car buying decision back in 2005, but I went into it with both eyes wide open, and I was in my early 40's, so it was time to buy something I really wanted. I owned something like 13 homes at the time, sold one and bought this thing for 200K cash. Thrashed and tracked it for a couple years and sold it back to the guy I bought it from for 192, so all in all it was a great experience, except for when Mr. Tax Man was camped out in my office lobby for a week asking for the 60K I owed for the short term gains on that house sale. Don't regret any of it, but like I said, I already had other things taken care of before I bought it. I think they're worth 300+ now. My Porsche 911 purchases have always been a lot smarter and I've never been hurt on them. A Lotus sounds like a guarantee for failure, but you do what you want. I'm a huge believer in doing whatever the hell you want, as long as nobody else gets hurt.
And, no hate, just exasperation. I have someone else in my life who makes bad decisions, no matter how much lecturing and education she gets. Its super frustrating.
You're not a lawyer are you?
Separate names with a comma.