# Should I buy new or invest in current? **URL:** \ **Category:** NYSpeed Automotive\ **Created:** [December 16, 2009, 9:59pm UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321 "2009-12-16T21:59:37Z")\ **Posts on this page:** 17\ **Page:** 1
**Author:** ![Brooklyn](https://avatars.discourse-cdn.com/v4/letter/b/ec9cab/32.png) [@Brooklyn](https://forums.speedlife.net/u/Brooklyn)\ **Post date:** [December 16, 2009, 9:59pm UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/1 "2009-12-16T21:59:37Z")
Hey guys, I have E34 540I. Had the car for 3.5 years so far I love torque/power on it and like the look but I can afford to finance a much nicer car instead of fixing up few things on current vehicle. What would make sense money wise for me: 1. Dump E34 in current condition and finance a new 2003+ M3/M5 or Porsche. 2. Spend $4000 on fixing rust/panels/re-spray/wheels/brakes/drop and have $3000 in emergency fund for engine/tranny failures. 3. Drive current car until major (engine/tranny) failure occurs, junk it and then finance. Ideal option is #3 but something in me wants to keep dumping money on brakes/springs/wheels/body. Feedback (yes first car, yes mad $$$ dropped in it). ---
**Author:** ![Brooklyn](https://avatars.discourse-cdn.com/v4/letter/b/ec9cab/32.png) [@Brooklyn](https://forums.speedlife.net/u/Brooklyn)\ **Post date:** [December 16, 2009, 10:01pm UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/2 "2009-12-16T22:01:42Z")
On left: [![http://content.imagesocket.com/thumbs/IMG_3518e9f.JPG](http://content.imagesocket.com/thumbs/IMG_3518e9f.JPG)](http://imagesocket.com/view/IMG_3518e9f.JPG) ---
**Author:** ![travisn](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/travisn/32/5046_2.png) [@travisn](https://forums.speedlife.net/u/travisn)\ **Post date:** [December 16, 2009, 10:03pm UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/3 "2009-12-16T22:03:13Z")
first edit:momalwayssaidifidonthaveanythingnicetosaydontsayanything. regardless. buy buy buy. I am going to try to get an e46 after new years. as much as I shouldnt, I am sick of lusting over them. ---
**Author:** ![dawn](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/dawn/32/7209_2.png) [@dawn](https://forums.speedlife.net/u/dawn)\ **Post date:** [December 16, 2009, 10:10pm UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/4 "2009-12-16T22:10:26Z")
I’d say number 2 only because I’m mentally retarded and think your car is fucking sexy. Well, or 3 as well. ---
**Author:** ![nytalonTSi](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nytalontsi/32/5399_2.png) [@nytalonTSi](https://forums.speedlife.net/u/nytalonTSi)\ **Post date:** [December 16, 2009, 10:23pm UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/5 "2009-12-16T22:23:38Z")
Walk. ---
**Author:** ![Jam](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jam/32/7235_2.png) [@Jam](https://forums.speedlife.net/u/Jam)\ **Post date:** [December 16, 2009, 11:14pm UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/6 "2009-12-16T23:14:45Z")
Is that an e30 m3 next to yours? I like. ---
**Author:** ![system](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/2X/b/b7170c8eddc0b95ece6b88172b2f416a08489a45.png) [@system](https://forums.speedlife.net/u/system)\ **Post date:** [December 16, 2009, 11:15pm UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/7 "2009-12-16T23:15:37Z")
From reading your threads, dump the e34 and pick up a bus pass. ---
**Author:** ![LAFENGAS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/lafengas/32/7573_2.png) [@LAFENGAS](https://forums.speedlife.net/u/LAFENGAS)\ **Post date:** [December 17, 2009, 5:10am UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/8 "2009-12-17T05:10:44Z")
> [@Brooklyn"](#): > > I can afford to finance first of all… the reason why you can’t “afford” something is because you don’t have money…financing doesn’t mean you can “afford” it. If you don’t have money, don’t tie it up into car payments. That’s just silly. ---
**Author:** ![Avatar](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/avatar/32/5076_2.png) [@Avatar](https://forums.speedlife.net/u/Avatar)\ **Post date:** [December 17, 2009, 5:14am UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/9 "2009-12-17T05:14:10Z")
> [@LAFENGAS](#): > > first of all… the reason why you can’t “afford” something is because you don’t have money…financing doesn’t mean you can “afford” it. > > If you don’t have money, don’t tie it up into car payments. That’s just silly. This. Save your money. ---
**Author:** ![Bull49](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bull49/32/7381_2.png) [@Bull49](https://forums.speedlife.net/u/Bull49)\ **Post date:** [December 17, 2009, 5:21am UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/10 "2009-12-17T05:21:04Z")
aren’t you always whining about people hitting your car and asshole drivers? why bother buying new if this is paid for and running well? ---
**Author:** ![newman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newman/32/7569_2.png) [@newman](https://forums.speedlife.net/u/newman)\ **Post date:** [December 17, 2009, 5:53am UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/11 "2009-12-17T05:53:41Z")
I love new stuff, normally I’d say option 1, but think about how much ANGRIER you will be when some cabbie tags you… ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [December 17, 2009, 6:06am UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/12 "2009-12-17T06:06:38Z")
invest in a car :lol: ---
**Author:** ![OfficerK](https://avatars.discourse-cdn.com/v4/letter/o/4da419/32.png) [@OfficerK](https://forums.speedlife.net/u/OfficerK)\ **Post date:** [December 17, 2009, 6:14am UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/13 "2009-12-17T06:14:16Z")
> [@LZ](#): > > invest in a car :lol: Thank you. For this threads sake, I am in the buy new category. I like having a new car that I don’t have to worry about, and should something happen I have warranty. You sound like you just need to lease a car ---
**Author:** ![TrueBlue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/trueblue/32/7245_2.png) [@TrueBlue](https://forums.speedlife.net/u/TrueBlue)\ **Post date:** [December 17, 2009, 6:16am UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/14 "2009-12-17T06:16:46Z")
Keep what you have, build your finances ---
**Author:** ![slow84ta](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/slow84ta/32/7265_2.png) [@slow84ta](https://forums.speedlife.net/u/slow84ta)\ **Post date:** [December 17, 2009, 7:07am UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/15 "2009-12-17T07:07:00Z")
> [@LAFENGAS](#): > > first of all… the reason why you can’t “afford” something is because you don’t have money…financing doesn’t mean you can “afford” it. > > If you don’t have money, don’t tie it up into car payments. That’s just silly. :word: One of the smartest things I’ve heard yet. I’ve had a car payment 1 time and I paid that loan off 3 years early. It’s much easier saving the money and buying cars out right. :tup: Save the money and drive this car into the ground, then you have cash to buy something nice that is 2-3 years old 😉 My 97 STS has been burning oil for awhile now, but instead of going out for new car right away and waste 5k in interest, I’ve been saving 400 a month, which is what I would spend on the car I want if I had gotten a loan. I already have 7k saved up, 1 1/2 more years and I’ll have 22-24k with refund money to use towards the car. Then I can use the 5k I’d waste in interest for mods and have an 11 second DD ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [December 17, 2009, 8:36am UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/16 "2009-12-17T08:36:05Z")
My rules on financing is I will only finance 50% of the cars worth and if I have more then on car at a time I typically make sure the “toy” is something I can afford with no loan. However some cars(like my E39 M5) you might think you want to never sell so I would dump more money into it before I sell. So some depends on how you feel about the car. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [December 17, 2009, 9:06am UTC](https://forums.speedlife.net/t/should-i-buy-new-or-invest-in-current/77321/17 "2009-12-17T09:06:07Z")
I thought you lived in beaterville. Doesn’t your car get dinged daily? A week ago you were planning on installing security cams to catch all the people that hit you. Put your money into living somewhere that doesn’t suck. Don’t buy a nice car just to have the shit beat out of it because of where you live.