OK guys, need an intervention....

[PSU IE 97]

At the end of the lease you are minus two Vettes, one bike and the lease money.

My thoughts exactly.

 

[step.eng69]

Get married, have a few kids and you won't have many decisions like this to confront.

 

[step.eng69]

Sell it all off except for the driver and put the cash in a retirement fund. You will thank me much later, God willing.

I can officially join the Council of Elders, I guess. I retire at end of business tomorrow.

Good for you. Happy retirement.

 

[bjf1991]

You own plenty of toys; sounds like some nice toys. If you want a new toy, buy one and have it be your toy. Don't give up a nice toy (or two) to throw money into borrowing someone else's toy, unless there's some damn good justification. I'm not reading that. And it sounds like you're not even going to get your money's worth in this bad deal, because you won't reach your mileage limits.

You seem like a reasonable enough guy. Now's a good time to make the smart move. I have a similar (yet very different) toy. Best part about it for me is IT'S MINE.

You may think it is "Yours".....but SHE may only consider herself to be a "rental"

 

[Fac]

Well, that would help me with my James Bond fantasy life I live.

But....nooo.....I want you guys to talk me out of doing stupid things with my money.

Where the hell is Art, Lar, BJF and the rest of the "Council of Elders" of this board to provide guidance and direction when I need it most?

They are out in their boats at this time.

 

[Fox Chapel Lion II]

'Ro I'm your age and like you never got married. I've lived under my means for my whole career and have a very nice retirement saved up. House will be done in four more years, and at that time, I expect I will be too.

At this stage of the game, as long as you have the important stuff tight, spend the money and enjoy your life. The Car Show will be in Philly soon - check out the Z06, and if you like it, then go out and get the damn thing and don't look back. Run the wheels off of it and enjoy every minute.

"Tomorrow is promised to no one". - Walter Payton

 

[step.eng69]

You may think it is "Yours".....but SHE may only consider herself to be a "rental"

Wow, nice response

 

[anon_1eeb2b426hv3y]

You may think it is "Yours".....but SHE may only consider herself to be a "rental"

Good one. Certainly, the manufacturer recommends necessary maintenance.

 

[Fox Chapel Lion II]

Good one. Certainly, the manufacturer recommends necessary maintenance.

I'm always suspicious of rentals. They've usually been used pretty hard.

 

[Ten Thousan Marbles]

Value.

Well, exactly.

For me, cars and Harleys have no value...ultimately. Toys? Really?

Whereas, an income as I get older is highly valuable....whatever the amount.

 

[rudedude]

 

[WDLion]

actually, more like a "carvention".....

I have a 2007 Corvette and a couple of Harleys. To be honest, don't really ride one of the bikes and am ready to sell it. I also have a Kia Optima I use as my daily driver. I also have another bike that I do ride and enjoy. So I am keeping that.

I really like the new 2017 Vette, but with spending money on work around the house, I am not in a position to purchase.

So, here is what I want to do, and need someone to talk some sense into me:

I want to sell one of the Harleys and the Vette, and use the money to lease a new Vette, possibly even a Z06. I don't own my own business, and so there is no tax advantage for me. I realize that leasing is only a short term, and in a couple years, I either have to give it back or buy it. The upside is that I will never break the mileage limits on the lease agreements.

Talk me out of this, so I don't do something stupid. There is no need for me to get a new car, other than I just want a new car. The current Vette and both bikes run well.

And don't talk to me about a Camaro, or Miata, or a Hemi - it's not going to work. If I am going to spend money on a new toy, it's going to be Vette.

So, - talk some sense into me so I don't do stupid things with my money.

MassimoManca - no comments about sports cars - not interested in hearing it.

At the end of the lease you'll have one bike and a junker Optima.

 

[anon_1eeb2b426hv3y]

I'm always suspicious of rentals. They've usually been used pretty hard.

Well, as I mentioned before, there are a few justifications for renting. Hard use is definitely one. But, in this case, we're talking about renting something that, according to the paperwork, may have only been test-driven a few times and, perhaps, moved around the showroom a little. Possibly the proverbial rented mule., but not likely.

 

[PSU Mike]

What happened to all the Olds 442s? I went to a car show last year and there must have been a few hundred cars. Not one Olds.

So incredibly ironic you mention that car. My Dad had a 1964 Olds 442 that he had to surrender when I came along and needed to be fed. He probably wishes he had starved me and kept the car. I don't think we even have a picture of it. Earliest car picture is of a 1966 Chevelle SS 396 rag top that was traded in on the '69 Chevelle 350.

 

[PSU Mike]

That Chevelle, if mint condition, is worth ~ $30,000

Not original enough ... but fun car to learn on c. 1981.

 

[kgilbert78]

Buy a boat

Just don't let Demlion put it in the water....

 

[10 Years After]

Haven't read through all the posts but my advice is if you must have a new toy, by a bigger home. It will have a much better chance of not depreciating. That plus the current vette and bikes should more than keep you happy!

 

[PSUinMICH]

Let me know how that works out. Time to update my 2008.

 

[PSUinMICH]

I would sell the extra Harley, but hold on to the C6 Vette. It is an absolute horrible time to be selling a Corvette right now (especially used) because the market is flooded with C6's and C7's. There are so many new C7's sitting on dealer lots that GM shut-down the Bowling Green plant for some time to help with the excess inventory problem.

Let's do the math. Assuming you bought the C6 for $50,000 and that you'd be lucky to sell it for $20,000 now, you will have realized $30,000 of depreciation over 10 years. Your average cost of ownership was $3,000 per year plus insurance, maintenance and fuel. Since you've already absorbed the majority of the depreciation "hit", each subsequent year of ownership is significantly less. Compare that with your annual cost of leasing....I'd be interested to see how the numbers compare.

I'm not fond of the C7's. The C8's, arriving later next year, are hotter than the girl in your sigpic.

http://www.caranddriver.com/photo-gallery/c8-in-2018-the-latest-on-the-mid-engine-chevrolet-corvette

The mid engine Corvette (when and if it's ever available) is going to be awful expensive.

 

[KCLion]

To the rescue. On the lease angle -- isn't it overpriced to you if you're not going to approach the mileage allowance? (I guess I should ask whether you'd sub some Vette miles for Optima miles?)

And if you did start driving it 10-12k a year, would you kick yourself if you decided to buy it later?

I grew up around drag racing at the old York US30 strip in the 70's. It's amazing I was able to shake the performance car bug - it has saved more money than anything.

How'd you like to buy my dad's original title '69 Chevelle (modified to the 450-500hp range) for a fraction of the cost? He's 73, and not likely to drive it again, and I'd need another garage slot to take it.

How many miles on the Chevelle.

 

[katchthis]

You have no wife, and no kids you are financially responsible for. Look at all the freaking money you saved right there. Pull the damn trigger.

 

[Nitt1300]

switch up, get another bike- A Kawi Concours- smooth, comfortable, fast (not only fast compared to cars- fast)

 

[PSU Mike]

How many miles on the Chevelle.

No idea whatsoever. I wouldn't classify it as a collectible -- more of a muscle car with a little refresh needed.

 

[bdgan]

actually, more like a "carvention".....

I have a 2007 Corvette and a couple of Harleys. To be honest, don't really ride one of the bikes and am ready to sell it. I also have a Kia Optima I use as my daily driver. I also have another bike that I do ride and enjoy. So I am keeping that.

I really like the new 2017 Vette, but with spending money on work around the house, I am not in a position to purchase.

So, here is what I want to do, and need someone to talk some sense into me:

I want to sell one of the Harleys and the Vette, and use the money to lease a new Vette, possibly even a Z06. I don't own my own business, and so there is no tax advantage for me. I realize that leasing is only a short term, and in a couple years, I either have to give it back or buy it. The upside is that I will never break the mileage limits on the lease agreements.

Talk me out of this, so I don't do something stupid. There is no need for me to get a new car, other than I just want a new car. The current Vette and both bikes run well.

And don't talk to me about a Camaro, or Miata, or a Hemi - it's not going to work. If I am going to spend money on a new toy, it's going to be Vette.

So, - talk some sense into me so I don't do stupid things with my money.

MassimoManca - no comments about sports cars - not interested in hearing it.

I recommend against fleecing

 

[psuro]

Get married, have a few kids and you won't have many decisions like this to confront.

No

 

[PSUChicago]

Get an escort for the night and bank the rest of the money. That way you have made a short term investment with out making another long term one.

 

[Peetz Pool Boy]

The mid engine Corvette (when and if it's ever available) is going to be awful expensive.

I purposely omitted that information in my response. I suspect the C8's will have a base price of around $100,000. ro can afford that.

 

[step.eng69]

No

My advice to all of my nephews

 

[psuro]

I purposely omitted that information in my response. I suspect the C8's will have a base price of around $100,000. ro can afford that.

I'm ro. Not Art.

Out of my league.

 

[Psychedelic_MackDaddy]

actually, more like a "carvention".....

I have a 2007 Corvette and a couple of Harleys. To be honest, don't really ride one of the bikes and am ready to sell it. I also have a Kia Optima I use as my daily driver. I also have another bike that I do ride and enjoy. So I am keeping that.

I really like the new 2017 Vette, but with spending money on work around the house, I am not in a position to purchase.

So, here is what I want to do, and need someone to talk some sense into me:

I want to sell one of the Harleys and the Vette, and use the money to lease a new Vette, possibly even a Z06. I don't own my own business, and so there is no tax advantage for me. I realize that leasing is only a short term, and in a couple years, I either have to give it back or buy it. The upside is that I will never break the mileage limits on the lease agreements.

Talk me out of this, so I don't do something stupid. There is no need for me to get a new car, other than I just want a new car. The current Vette and both bikes run well.

And don't talk to me about a Camaro, or Miata, or a Hemi - it's not going to work. If I am going to spend money on a new toy, it's going to be Vette.

So, - talk some sense into me so I don't do stupid things with my money.

MassimoManca - no comments about sports cars - not interested in hearing it.

 

[Psychedelic_MackDaddy]

actually, more like a "carvention".....

I have a 2007 Corvette and a couple of Harleys. To be honest, don't really ride one of the bikes and am ready to sell it. I also have a Kia Optima I use as my daily driver. I also have another bike that I do ride and enjoy. So I am keeping that.

I really like the new 2017 Vette, but with spending money on work around the house, I am not in a position to purchase.

So, here is what I want to do, and need someone to talk some sense into me:

I want to sell one of the Harleys and the Vette, and use the money to lease a new Vette, possibly even a Z06. I don't own my own business, and so there is no tax advantage for me. I realize that leasing is only a short term, and in a couple years, I either have to give it back or buy it. The upside is that I will never break the mileage limits on the lease agreements.

Talk me out of this, so I don't do something stupid. There is no need for me to get a new car, other than I just want a new car. The current Vette and both bikes run well.

And don't talk to me about a Camaro, or Miata, or a Hemi - it's not going to work. If I am going to spend money on a new toy, it's going to be Vette.

So, - talk some sense into me so I don't do stupid things with my money.

MassimoManca - no comments about sports cars - not interested in hearing it.

Last year I asked about the new convertible Camaro's here on the board. Came close to buying one. I didnt.

Guess what? I sat down with: me, myself and I and the four of us discussed WHY I wanted the car.

My night life is on the beach. I just wanted a convertible to chill in when the weather is nice. Drive with the top down. Plus, I miss driving stick. I wanted a toy.

A jeep wouldve been nice. Put the surf board in, etc. But, if I ever head to Miami or the Keys, driving a jeep on I 95 at 80 moh SUCKS BALLS.

So, I bought a Mazda Miata.

I could care less if something happens to it. Its a cheap (but well made) car. Its my 2nd car. Got it cheap. Its fun to drive and does for me what I want....drive with the top down in the Fall, Winter and Spring when I head to the beach. Feels good.

I want to work less, not more. Last thing I want is more headaches, less money as I age.

 

[FightOnState]

Buy a boat

Specifically, the boat that blonde is on.

 

[FightOnState]

actually, more like a "carvention".....

I have a 2007 Corvette and a couple of Harleys. To be honest, don't really ride one of the bikes and am ready to sell it. I also have a Kia Optima I use as my daily driver. I also have another bike that I do ride and enjoy. So I am keeping that.

I really like the new 2017 Vette, but with spending money on work around the house, I am not in a position to purchase.

So, here is what I want to do, and need someone to talk some sense into me:

I want to sell one of the Harleys and the Vette, and use the money to lease a new Vette, possibly even a Z06. I don't own my own business, and so there is no tax advantage for me. I realize that leasing is only a short term, and in a couple years, I either have to give it back or buy it. The upside is that I will never break the mileage limits on the lease agreements.

Talk me out of this, so I don't do something stupid. There is no need for me to get a new car, other than I just want a new car. The current Vette and both bikes run well.

And don't talk to me about a Camaro, or Miata, or a Hemi - it's not going to work. If I am going to spend money on a new toy, it's going to be Vette.

So, - talk some sense into me so I don't do stupid things with my money.

MassimoManca - no comments about sports cars - not interested in hearing it.

Don't lease, bad move. Buy it or stand pat until you can.

 

[91Joe95]

actually, more like a "carvention".....

I have a 2007 Corvette and a couple of Harleys. To be honest, don't really ride one of the bikes and am ready to sell it. I also have a Kia Optima I use as my daily driver. I also have another bike that I do ride and enjoy. So I am keeping that.

I really like the new 2017 Vette, but with spending money on work around the house, I am not in a position to purchase.

So, here is what I want to do, and need someone to talk some sense into me:

I want to sell one of the Harleys and the Vette, and use the money to lease a new Vette, possibly even a Z06. I don't own my own business, and so there is no tax advantage for me. I realize that leasing is only a short term, and in a couple years, I either have to give it back or buy it. The upside is that I will never break the mileage limits on the lease agreements.

Talk me out of this, so I don't do something stupid. There is no need for me to get a new car, other than I just want a new car. The current Vette and both bikes run well.

And don't talk to me about a Camaro, or Miata, or a Hemi - it's not going to work. If I am going to spend money on a new toy, it's going to be Vette.

So, - talk some sense into me so I don't do stupid things with my money.

MassimoManca - no comments about sports cars - not interested in hearing it.

Too bad you didn't claim you were one of Sandusky's victims.

 

[91Joe95]

actually, more like a "carvention".....

I have a 2007 Corvette and a couple of Harleys. To be honest, don't really ride one of the bikes and am ready to sell it. I also have a Kia Optima I use as my daily driver. I also have another bike that I do ride and enjoy. So I am keeping that.

I really like the new 2017 Vette, but with spending money on work around the house, I am not in a position to purchase.

So, here is what I want to do, and need someone to talk some sense into me:

I want to sell one of the Harleys and the Vette, and use the money to lease a new Vette, possibly even a Z06. I don't own my own business, and so there is no tax advantage for me. I realize that leasing is only a short term, and in a couple years, I either have to give it back or buy it. The upside is that I will never break the mileage limits on the lease agreements.

Talk me out of this, so I don't do something stupid. There is no need for me to get a new car, other than I just want a new car. The current Vette and both bikes run well.

And don't talk to me about a Camaro, or Miata, or a Hemi - it's not going to work. If I am going to spend money on a new toy, it's going to be Vette.

So, - talk some sense into me so I don't do stupid things with my money.

MassimoManca - no comments about sports cars - not interested in hearing it.

What a waste of money. Spend it on something useful, like hookers.

 

[Peetz Pool Boy]

Last year I asked about the new convertible Camaro's here on the board. Came close to buying one. I didnt.

Guess what? I sat down with: me, myself and I and the four of us discussed WHY I wanted the car.

My night life is on the beach. I just wanted a convertible to chill in when the weather is nice. Drive with the top down. Plus, I miss driving stick. I wanted a toy.

A jeep wouldve been nice. Put the surf board in, etc. But, if I ever head to Miami or the Keys, driving a jeep on I 95 at 80 moh SUCKS BALLS.

So, I bought a Mazda Miata.

I could care less if something happens to it. Its a cheap (but well made) car. Its my 2nd car. Got it cheap. Its fun to drive and does for me what I want....drive with the top down in the Fall, Winter and Spring when I head to the beach. Feels good.

I want to work less, not more. Last thing I want is more headaches, less money as I age.

You now need a boat to "snag and retain chicks". We're here to help with that decision also.

 

[GregInPitt]

I bought a 1990 Mazda Miata in 2004 for $5,000. I sold it last year for $5,500. It is a fun little car that my daughter loved. I will be in the market for another car in a year or two. The Astin Martin, Jag, MB, Porche are all going to be considered. But I'll bet I make money on the transaction (or my heirs do) when it is all said and done.

Its like a house....invested properly, you will make money and get to enjoy it to boot. Its not a "buy", its an "invest".

My summer car right now is a 2002 RSX I purchased a few years ago. A blast to drive and very low maintenance. I had a 1988 Integra that I put 200,000 miles on in 10 years and didn't do any maintenace other than oil changes and brakes.

My plan has been to buy a car "with snakes on it" going into retirement, as I have explained to my wife. If I go through with buying a Shelby I'll probably go for a 4-6 year old with low miles. Plenty of them change hands with low miles as people buy them and don't drive them. I've just always wanted another muscle car - had a 77 Trans Am that was fun. But my oldest son just got a WRX STI and it's a blast as well....

 

[Nittany18]

Sell the sh!t you don't need and get the Vette. I'm getting a Triumph, we'll go ride. I really want a new Toyota Tacoma Pro, but not in the cards, yet...

 

[psuro]

Sell the sh!t you don't need and get the Vette. I'm getting a Triumph, we'll go ride. I really want a new Toyota Tacoma Pro, but not in the cards, yet...

Bring the yoga girl and I will think about it.

 

[LighthouseGolfer]

Sell it all off except for the driver and put the cash in a retirement fund. You will thank me much later, God willing.

I can officially join the Council of Elders, I guess. I retire at end of business tomorrow.

Damn....congratulations TTM!!!!! I hope I can make it to that day in about 20 years! Enjoy your final day in the grind and be sure to throw back a few stiff ones afterwards!