# what would you do? **URL:** \ **Category:** Shift518 Automotive\ **Created:** [March 17, 2008, 8:27am UTC](https://forums.speedlife.net/t/what-would-you-do/236081 "2008-03-17T08:27:35Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![OhNoPOPO](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ohnopopo/32/6344_2.png) [@OhNoPOPO](https://forums.speedlife.net/u/OhNoPOPO)\ **Post date:** [March 17, 2008, 8:27am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/1 "2008-03-17T08:27:35Z")
So over the next 6-8 weeks i am going to be coming into about $5000-$6000… and im wondering what you would do? Should I put it down towards my car loan which i have roughly 10k left or should i build my car/motor? idk what i should do… ---
**Author:** ![Shawn96VR-4](https://avatars.discourse-cdn.com/v4/letter/s/eada6e/32.png) [@Shawn96VR-4](https://forums.speedlife.net/u/Shawn96VR-4)\ **Post date:** [March 17, 2008, 8:29am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/2 "2008-03-17T08:29:07Z")
> [@luvin2speed](#): > > So over the next 6-8 weeks i am going to be coming into about $5000-$6000… and im wondering what you would do? Should I put it down towards my car loan which i have roughly 10k left or should i build my car/motor? idk what i should do… Do you have any other debt? Consider splitting it over both sources to be fair? ---
**Author:** ![GranMassaX](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/granmassax/32/6299_2.png) [@GranMassaX](https://forums.speedlife.net/u/GranMassaX)\ **Post date:** [March 17, 2008, 8:32am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/3 "2008-03-17T08:32:22Z")
if you are really smart, you wouldn’t spend any of it on your car. Dump 6k into a 10k car and still have a car worth 10k… boo. Take a small chunk of that money and put it into the car. No more than a 1/4 of it. IMO. ---
**Author:** ![OhNoPOPO](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ohnopopo/32/6344_2.png) [@OhNoPOPO](https://forums.speedlife.net/u/OhNoPOPO)\ **Post date:** [March 17, 2008, 8:54am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/4 "2008-03-17T08:54:14Z")
> [@Shawn96VR-4](#): > > Do you have any other debt? Consider splitting it over both sources to be fair? no ---
**Author:** ![OhNoPOPO](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ohnopopo/32/6344_2.png) [@OhNoPOPO](https://forums.speedlife.net/u/OhNoPOPO)\ **Post date:** [March 17, 2008, 8:55am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/5 "2008-03-17T08:55:20Z")
> [@GranMassaX](#): > > if you are really smart, you wouldn’t spend any of it on your car. Dump 6k into a 10k car and still have a car worth 10k… boo. Take a small chunk of that money and put it into the car. No more than a 1/4 of it. IMO. yeah thats what ill prolly end up doing … i was thinking about buying Cams for my car and a chip that would cost me around 1500 total and then put the rest towards my car loan so i can refinance it and have a lower payment ---
**Author:** ![timmay](https://avatars.discourse-cdn.com/v4/letter/t/6a8cbe/32.png) [@timmay](https://forums.speedlife.net/u/timmay)\ **Post date:** [March 17, 2008, 9:01am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/6 "2008-03-17T09:01:47Z")
Have you thought about saving it? Perhaps spend a little on your car but then invest the rest. ---
**Author:** ![AznJim](https://avatars.discourse-cdn.com/v4/letter/a/b782af/32.png) [@AznJim](https://forums.speedlife.net/u/AznJim)\ **Post date:** [March 17, 2008, 9:02am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/7 "2008-03-17T09:02:08Z")
go buy a huge bottle of nos and just open it in your house ---
**Author:** ![OhNoPOPO](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ohnopopo/32/6344_2.png) [@OhNoPOPO](https://forums.speedlife.net/u/OhNoPOPO)\ **Post date:** [March 17, 2008, 9:07am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/8 "2008-03-17T09:07:43Z")
haha yeah guy i can get enough nos to blow us all up lol… yeah actaully i was thinking about investing it into my car loan so that i will be able to pay it off in less that 1/2 the time and save a few thousand in interest ---
**Author:** ![timmay](https://avatars.discourse-cdn.com/v4/letter/t/6a8cbe/32.png) [@timmay](https://forums.speedlife.net/u/timmay)\ **Post date:** [March 17, 2008, 9:15am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/9 "2008-03-17T09:15:55Z")
> [@luvin2speed](#): > > haha yeah guy i can get enough nos to blow us all up lol… > > yeah actaully i was thinking about investing it into my car loan so that i will be able to pay it off in less that 1/2 the time and save a few thousand in interest Are you upside down on your car loan, what’s your rate? Paying a car off early is seldom the wisest financial move. ---
**Author:** ![GranMassaX](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/granmassax/32/6299_2.png) [@GranMassaX](https://forums.speedlife.net/u/GranMassaX)\ **Post date:** [March 17, 2008, 9:19am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/10 "2008-03-17T09:19:46Z")
of course there are wiser things to do with you money, but between the two options… paying off the loan early is a much better idea. [http://www.youngmoney.com/calculators/auto\_buying/auto\_loan\_early\_payoff](http://www.youngmoney.com/calculators/auto_buying/auto_loan_early_payoff) ---
**Author:** ![OhNoPOPO](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ohnopopo/32/6344_2.png) [@OhNoPOPO](https://forums.speedlife.net/u/OhNoPOPO)\ **Post date:** [March 17, 2008, 9:20am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/11 "2008-03-17T09:20:21Z")
my rate is like 5.3% ---
**Author:** ![timmay](https://avatars.discourse-cdn.com/v4/letter/t/6a8cbe/32.png) [@timmay](https://forums.speedlife.net/u/timmay)\ **Post date:** [March 17, 2008, 9:27am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/12 "2008-03-17T09:27:13Z")
> [@luvin2speed](#): > > my rate is like 5.3% 5.3% is pretty good for a used car rate(I assume the car your talking about is the one in your avatar, correct me if I’m wrong), if your not upside down on your loan you’d be much better served investing the bulk of the money. ---
**Author:** ![Shawn96VR-4](https://avatars.discourse-cdn.com/v4/letter/s/eada6e/32.png) [@Shawn96VR-4](https://forums.speedlife.net/u/Shawn96VR-4)\ **Post date:** [March 17, 2008, 9:28am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/13 "2008-03-17T09:28:14Z")
I prefer to pay it out and enjoy the credit rating increases. ---
**Author:** ![Allstar\_Graphics](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/allstar_graphics/32/6287_2.png) [@Allstar\_Graphics](https://forums.speedlife.net/u/Allstar_Graphics)\ **Post date:** [March 17, 2008, 9:57am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/14 "2008-03-17T09:57:36Z")
yep try to pay off your car as soon as possible, think about the money you will save, you could use the money you would save to buy parts for your car…hookers, beer, whatever ---
**Author:** ![plaf713](https://avatars.discourse-cdn.com/v4/letter/p/439d5e/32.png) [@plaf713](https://forums.speedlife.net/u/plaf713)\ **Post date:** [March 17, 2008, 10:40am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/15 "2008-03-17T10:40:17Z")
i would def try and pay the car off ---
**Author:** ![bennyfizzle](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bennyfizzle/32/6291_2.png) [@bennyfizzle](https://forums.speedlife.net/u/bennyfizzle)\ **Post date:** [March 17, 2008, 10:44am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/16 "2008-03-17T10:44:36Z")
definitely put together a turbo kit, you can get the aa stage 2 c38 kit for around 5k iirc…the TRM turbo kit is $5500 and that’s EVERYTHING you need to see 350ish whp. hehehe ---
**Author:** ![Code\_Blue](https://avatars.discourse-cdn.com/v4/letter/c/7ea924/32.png) [@Code\_Blue](https://forums.speedlife.net/u/Code_Blue)\ **Post date:** [March 17, 2008, 11:37am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/17 "2008-03-17T11:37:18Z")
does your employer have a 401k? ---
**Author:** ![bennyfizzle](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bennyfizzle/32/6291_2.png) [@bennyfizzle](https://forums.speedlife.net/u/bennyfizzle)\ **Post date:** [March 17, 2008, 11:48am UTC](https://forums.speedlife.net/t/what-would-you-do/236081/18 "2008-03-17T11:48:44Z")
dont listen to these guys, planning for your future is for the birds, youre young, live it up :rofl ---
**Author:** ![timmay](https://avatars.discourse-cdn.com/v4/letter/t/6a8cbe/32.png) [@timmay](https://forums.speedlife.net/u/timmay)\ **Post date:** [March 17, 2008, 12:33pm UTC](https://forums.speedlife.net/t/what-would-you-do/236081/19 "2008-03-17T12:33:31Z")
> [@bennyfizzle](#): > > dont listen to these guys, planning for your future is for the birds, youre young, live it up :rofl :haha Says the 26 year old retiree, I can’t recommend strong enough to save as much as possible when your young. Sure I busted my ass when I was younger and missed out on a lot, but now I have the rest of my life to make up for it; if I could go back and do it over the only thing I would change is to save even more, if I had I would be driving a new Porsche instead of a new S2k, now I have to wait till I’m 30 for the Porsche ☹ ---
**Author:** ![Shawn96VR-4](https://avatars.discourse-cdn.com/v4/letter/s/eada6e/32.png) [@Shawn96VR-4](https://forums.speedlife.net/u/Shawn96VR-4)\ **Post date:** [March 17, 2008, 12:35pm UTC](https://forums.speedlife.net/t/what-would-you-do/236081/20 "2008-03-17T12:35:24Z")
Let me use my awesome PC skills and be honest: If you work at the local thruway authority and hand out thruway tickets or work at fast food or make like $25K or less a year, you should not be spending $5K or anything on your car. [Next page](https://forums.speedlife.net/t/what-would-you-do/236081.md?page=2)