I don´t understand people who spend all their money on cars

[curling]

I agree. It is better to spend big money on a chopper.

 

[migcor]

If it flies,floats or fucks...Rent it!

 

[curling]

Actually, I kind of understand why people do it. I mean everybody sees you in your car hardly anybody sees you at you house. So have a nice car and a ratty house. I mean you just sleep there anyway you live in your car.

 

[Lupercal CATS]

I'm having trouble even responding to this. How can you possibly make such an ignorant generalization. A car to you may be to get from point A to point B but to a fairly good sized percent of the popluation it is alot more than that. I couldn't care less about having a yacht or some castle on a golf course but I understand that it is what some people strive for. Some people would argue that spending hundreds and thousands of dollars on AAS is a waste, or that having a nice house or a set of golf clubs is a waste.

If having luxury cars was stupid and pointless companys such as Ferrari, Bugati, Porsche, etc wouldn't even exist but there is obviously a big enough market for them. I myself don't make a lot of money, hell to some I'd probably be considered poor but I drive what people consider nice cars because it is what I want to do. Infact one of the cars I bought I got for such a good deal that the day I bought it I was offered $4000 more than what I payed for it. Also cars do not lose half their value when they leave the showroom. They do deprieate but I hope you were just using that as an exagerated example and not trying to make a legitimate point.

I'm sure that at some point in your life you will realized that some people live in the present while others live in the future. I personnally am not going to have a mediocre younger life so that I can live a lavish life when I am older. I also do not plan on having kids.

 

[Ulter]

Like any black athlete really. Except Jordan and Tiger, but they just made so damn much they couldnt possibly fuck up. And Jordan made a good try with his big crash and burn restaurant chain

The business manager of those restaurants took a lot of people's money in restaurant management deals. He was good at restaurants and clubs and had just enough successes to keep him afloat. I owned a bar with him and made a lot money so have nothing against him. Jordan just trusted the wrong guy. I know surgeons that lost more than Jordan did to this guy.

 

[Lestat]

I like having a nice car, but its not the first thing I look to spend my money on... no matter how nice your car is, you're going to want a new one in 5 years or less... in many cases a LOT less time.

 

[19psi]

to some people cars are more than just transportation. if you don't understand it, it's because you aren't into it. just like some people don't understand why we would spend so much time in the gym. they're just not into it. i am one of those people who spends shitloads of money on cars; and not just stock cars, but i modify all of them. i've had a modified Lexus, mercedes, porsche, audi, camaro z28, jeep grand cherokee mitsubishi 3000 gt vr4, mitsubishi galant vr4, and more.
it's not an investment, everyone knows that, and i don't expect to get half the money back from them when i sell them.
it's just for the fun of it.

 

[thelion2005]

I was lucky enough to drive a full range of cars and trucks at little expense over a 25 year time frame. I appreciated the differences in each and who were trying to reach for sales. In a lot of cases ... it was ego.

Now I go for the best value out there that fits my transportation needs.

For ego, I go to collector cars.

 

[feli]

I agree that purchases which give you equity and garauntee continued income (home, business, stocks/bonds, etc) are more important to establish first and therefore better to splurge on than cars. However, if you have enough $, you do have to consider that, much like your watch/briefcase/jacket/etc a car is something you use every day and want to enjoy and feel confident in.

At least a car does give you SOME equity, though. Spending a lot of $ on a car isn't half as bad as the morons who are always buying hundreds of dollars of clothes they'll wear once, eating at expensive restaurants, and wasting $ on club cover charges and alcohol they can't afford. Those people have nothing at all to show for it when all is said and done (except maybe a maxed out credit card).

whats wrong with spending all your money on hookers, beer, coke, and cars. From a investment stand point its horrible but from a fun one its great. Its a valuation system. What is more valuable unused cash or fun. Granted if you use the cash right you will have more to have more fun with latter.

You don't seem to realize that you need to have $ to make $. If you keep spending all the $ you get, you're just going in circles and the minute earnings go down, you're in big trouble with no safety net of equity, savings, or investments.

A lot of really rich people stay that way because they have either:

1-spent a lot of $ educating themselves and have high very earning potential (engineer, JD, MD, PhD, etc)
or
2- they have saved, built capital, and then put it into good investments and almost live off the interest.
(or bot 1 & 2)

Actually, I kind of understand why people do it. I mean everybody sees you in your car hardly anybody sees you at you house. So have a nice car and a ratty house. I mean you just sleep there anyway you live in your car.

^That is totally true for a lot of blacks people (and a few from other races too I guess) I've seen since I've moved to the south US... a lot of them drive $25k cadillacs but live in $400/mo chicken coop ghetto apartments. I guess that's the meaning of "ghetto fabulous" though... it looks good, but they never get anywhere because they aren't building equity...

 

[Cutiebaby]

i think it is crazy....i would make sure i had a nice house before i went and bought a car or truck...some people out there actually buy all these new cars yet their houses are falling apart......mental idiots.................