Chuck 98 RT/10
Enthusiast
this is where it always goes for men
We know what's important. We're not shallow like women.
this is where it always goes for men
I was like 3 years old. And I was dating a stuffed bear. Still am
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Don't worry what others think you should have done with your money . it always makes me laugh when people say you should or shouldn't be doing this or that with your money. You should own a home before you purchase this . You should have X amount of money put away before by this age .....Do what makes you happy.
I bought a Z06 when I was 21 , before I made a purchase of a house . At the time I had a daily driver paid for and didn't mind having a payment for a sports car before I purchased a home . I got the same grief from old men about my finances lol. Do I regret making the purchase at the time ? Not one bit ...
A few years ago I got in an accident shattered my hip, was in the hospital for 6 months at the time they weren't sure if I would walk again. I am very lucky to be alive let alone walking and ok. Point is if I had died or been put in a wheel chair for life . At least I would have had the memories of all the fun I have had up until the accident . The enjoyment I got out of my Z06.
Now I am on my second Viper at 28. My house is paid for and I have lost close to 40% ona few small investments since this economic dive. You could pretty much say I am unemployed at the moment . When the industry picks up I will have work but until then I am sitting on my hands . I was able to pay my house off just before this recession. I dont regret any financial decisions I have made . Maybe I would have invested less if I knew the way the market was gonna turn.
I want to have money put away for when I retire . But I want to enjoy the road before retirement . I know for a fact that I would regret later on in life not living along the way. Sacrificing all that I enjoy . To make my bank account bigger . Each to there own , Congrats on your Viper enjoy it no matter what anyone says . Just my 2 cents
We know what's important. We're not shallow like women.
Most times this question is asked, it seems to be by someone who is young and thinks they are the coolest for buying a Viper the youngest...
My kids are 21 and 19 and they claim 2 of my 3--does that count?? I was 38 when I bought my first and I won't say what year--but it has been awhile.
This thread is another successfest. How about a failurefest.
Why does worrying about what someone else thinks about your financial decisions even remotely enter into your thought process when thinking about buying something. It doesn't even have to be a car. I'm a financial advisor for one of the largest companies in the world and when I have hear to heart conversations with my clients, one of the first things I tell them is to do whatever makes them the happiest...it's their money. If your goals are to have the big expensive exotic car before you buy a house then more power to you. To some people, having the thrill of a great car is more important than having the huge house and I applaud those people because they do what makes them happy and damn the people that think it's silly.
I don't plan on compromising my happiness, how about you? Especially not for some stranger that thinks they know my finances better than I do.
Just my $0.02 on this one.
Doom
Why does worrying about what someone else thinks about your financial decisions even remotely enter into your thought process when thinking about buying something. It doesn't even have to be a car. I'm a financial advisor for one of the largest companies in the world and when I have hear to heart conversations with my clients, one of the first things I tell them is to do whatever makes them the happiest...it's their money. If your goals are to have the big expensive exotic car before you buy a house then more power to you. To some people, having the thrill of a great car is more important than having the huge house and I applaud those people because they do what makes them happy and damn the people that think it's silly.
I don't plan on compromising my happiness, how about you? Especially not for some stranger that thinks they know my finances better than I do.
Just my $0.02 on this one.
Doom
Why does worrying about what someone else thinks about your financial decisions even remotely enter into your thought process when thinking about buying something. It doesn't even have to be a car. I'm a financial advisor for one of the largest companies in the world and when I have hear to heart conversations with my clients, one of the first things I tell them is to do whatever makes them the happiest...it's their money. If your goals are to have the big expensive exotic car before you buy a house then more power to you. To some people, having the thrill of a great car is more important than having the huge house and I applaud those people because they do what makes them happy and damn the people that think it's silly.
I don't plan on compromising my happiness, how about you? Especially not for some stranger that thinks they know my finances better than I do.
Just my $0.02 on this one.
Doom
Why does worrying about what someone else thinks about your financial decisions even remotely enter into your thought process when thinking about buying something. It doesn't even have to be a car. I'm a financial advisor for one of the largest companies in the world and when I have hear to heart conversations with my clients, one of the first things I tell them is to do whatever makes them the happiest...it's their money. If your goals are to have the big expensive exotic car before you buy a house then more power to you. To some people, having the thrill of a great car is more important than having the huge house and I applaud those people because they do what makes them happy and damn the people that think it's silly.
I don't plan on compromising my happiness, how about you? Especially not for some stranger that thinks they know my finances better than I do.
Just my $0.02 on this one.
Doom
Ok im curious as too how young some viper owners are or are the majority of viper owners in a older age bracket. Share your ages and be proud to own a viper at a young age. Its quite the accomplishment. Hope to get some responses.
Agreed. My house is an average middle income 3/2 home. If I had the choice to trade the fun of the past 10 years of tracking for a nicer home I wouldn't do it. It may have been a better financial decision to put everything into a house but it wouldn't have given me the fun and memories I have. My biggest regret is that I didn't buy a place with a huge garage.
...I would be living in a 60x100 metal building with a small apartment built into it, and many exotics sitting inside.
Be proud to own a Viper while young?
Let's examine this statement.
You can get a Gen I Viper now for $25,000 which is approximately the same price as a new Honda Accord, averagely equipped.
So in terms of capital expenditure, you're paying about what you would for a family sedan. Would you be proud to own a Camry?
Assuming you meant an expensive Viper, say an '09 ACR, and you were very young, 22 or younger, it would mean in 99.99% of all cases that you had rich parents. WHOOPTIE-DOO!!!!!!! Congrats on being the lucky *****.
The other 0.01% of people able to afford a new Viper on their own at that age due to some gift they had, such as being a child prodigy actor, singer, gambler, whatever, then yes, good for them! But they should, and probably would, be proud of their accomplishments that gave them the financial ability to afford a $100K sports car before getting out of college, as opposed to being proud of the car itself.
OK so now let's look at the post-college kids. You're 22 with a Bachelor's, 24 with a Master's, 26 with a Doctorate (varying on field) and are a lawyer, stockbroker, engineer, architect or some other high income earning employee. Assuming you didn't get a full ride scholarship (the vast majority of people didn't) and don't have rich parents (again, most people don't) you are now MASSIVELY in debt.
You have a well-paying job, but are $100K+ in the hole... and you buy a car that costs as much as a house? Ballsy, yes, and I would understand such a purchase, but I wouldn't label it wise, nor would it be a decision to be proud of.
Point is, being proud to own a car is a silly emotion. You didn't design it, engineer it, or build it. Those people can be proud of the car. For them, it was an accomplishment. For you, it was a purchase.
Be happy about owning a Viper. I am. But proud? Misplaced emotion. Go do something worthwhile and be proud of that.
Agreed. My house is an average middle income 3/2 home. If I had the choice to trade the fun of the past 10 years of tracking for a nicer home I wouldn't do it. It may have been a better financial decision to put everything into a house but it wouldn't have given me the fun and memories I have. My biggest regret is that I didn't buy a place with a huge garage.
Look at it this way, Chuck. The first 3 of those last ten years, it would have been wiser to put the money in real estate. For the last 7 of those 10 years, you would have been wasting the money assuming you rode the housing boom to its bitter end, and everything you put in over the last 7 years would now be worth less than your original investment.
In our currently very odd economic scenario, you made the right choice by tracking over investing in real estate
My dreamhome is a 4000 square foot garage with an attached bedroom.