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Old 02-05-2011, 02:15 PM   #11
Amber Lamps
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Join Date: Mar 2008
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Quote:
Originally Posted by Captain Morgan View Post
I know you posted this asking opinions on specific cars, so you can ignore this opinion if you want, as it has nothing to do with the specific cars.

Honestly, only buy what you can afford to pay for with CASH. If you don't have the cash to buy it, save up for it. Image is a crock of shit. If you get an expensive car, you'll just end up looking like a douche in a small town. Believe in the value of saving toward what you want and forget about spending just to impress other people. I wish I had learned this advice when I was your age. I had older people tell me that all the time and I just ignored them, thinking "I can buy what I want, it's my money and my debt." I'd be so much farther ahead in savings, investing, etc. if I'd taken that advice. And I'd still have the things I wanted because I wouldn't have paid all that money into interest.

Yes, I know, interest rates are fairly low right now. But, you're setting yourself up for a bad habit if you start borrowing now. Do you have any other debt? If so, I'd frankly keep driving the mustang and pay off your other debt, then save to buy what you want. Having ZERO payments on anything is a wonderful feeling. I'm getting close, but still have a ways to go. Be conservative in your spending and aggressive in your saving. You'll be MUCH better off in the future if you ignore that whole "image" bullshit.

www.daveramsey.com FTW
As someone with zero debt, I totally agree with you BUT as someone that has done outside sales, I have to disagree with your "fuck image" sentiment". People like to buy from "one of their own" and nothing succeeds like success, especially in sales. If you appear to be successful, people will buy from you thinking that you must know what you are talking about since so many others have. I also agree that you don't want to go overboard. To be honest, a Mustang would be the perfect sales vehicle around here because it is so popular in these parts. I used to know a guy that would rent a car based on what part of the country he was selling in. He was very successful.
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