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$15k: invest or buy a car? #4588838
11/29/17 01:57 PM
11/29/17 01:57 PM
Joined: Aug 2011
Posts: 3,493
Chicago,IL,USA
pandus13 Offline OP
pandus13  Offline OP

Joined: Aug 2011
Posts: 3,493
Chicago,IL,USA
Hi BITOGers,

What would be a good use for $15,000?

I drove the 9.5 years old Toyota last week for 1,800 miles and it handled pretty well, so I postponed my new (to me) car purchase
I'll just "shoe" her Friday with snow shoes.

So that leaves the 15,000 piggies not working.

What should I do?

Thanks for all suggestions, good, funny or crazy

Have a good one!


16 Golf SportWagen
13 Mazda5
08 Yaris
04 Elantra
95 accent
95 mystique
97 concorde
Re: $15k: invest or buy a car? [Re: pandus13] #4588844
11/29/17 02:00 PM
11/29/17 02:00 PM
Joined: Apr 2010
Posts: 4,738
Storrs, Connecticut
jeepman3071 Offline
jeepman3071  Offline

Joined: Apr 2010
Posts: 4,738
Storrs, Connecticut
I'd invest most of it, while keeping a bit in savings for rainy days/car repairs.


2000 Jeep Cherokee 4.0L (181k) - Pennzoil 10w30, Napa Gold 1516, Magnefine trans filter
2009 BMW 328i (38k) - Castrol Edge Euro 0w40, MANN HU816X
Re: $15k: invest or buy a car? [Re: pandus13] #4588849
11/29/17 02:01 PM
11/29/17 02:01 PM
Joined: Oct 2002
Posts: 37,031
Great Lakes
Quattro Pete Offline
Quattro Pete  Offline

Joined: Oct 2002
Posts: 37,031
Great Lakes
If you don't need a new car, then don't buy a new car. Invest it.


'02 530i (Edge 0W-40)
'15 Q5 3.0T (Edge 5W-40)
'18 Charger SRT (PUP 0W-40 SRT)
Re: $15k: invest or buy a car? [Re: pandus13] #4588852
11/29/17 02:02 PM
11/29/17 02:02 PM
Joined: Oct 2004
Posts: 8,728
Cincinnati, OH, USA
bullwinkle Offline
bullwinkle  Offline

Joined: Oct 2004
Posts: 8,728
Cincinnati, OH, USA
Invest it, in something that won't lose 30% of it's value when you drive it off the dealer's lot!


06 Ram 3500 CTD 4X4(FG Venturi), 93 GMC C3500 6.2, 89 F-450 7.3, 98 XJ 4.0(XG8A), 05 xB(XG3600), 18 Transit 3.7, 03 Merc Grand Marquis 4.6 2V(XG2)
Re: $15k: invest or buy a car? [Re: pandus13] #4588860
11/29/17 02:07 PM
11/29/17 02:07 PM
Joined: Sep 2008
Posts: 9,249
Ontario, Canada
IndyIan Offline
IndyIan  Offline

Joined: Sep 2008
Posts: 9,249
Ontario, Canada
A $15k new car isn't going to have much on the Yaris, except far superior depreciation...
A $15k used car has more interesting possibilities, if you want something sportier, or smoother riding. But I can't think of a used car that would save any significant money for you.


07 Focus ZXW, 5spd manual, 230km M1 5W30
18 Outback 2.5 CVT 22km 0W20
Re: $15k: invest or buy a car? [Re: pandus13] #4588862
11/29/17 02:07 PM
11/29/17 02:07 PM
Joined: Jun 2015
Posts: 4,921
New England
Virtus_Probi Offline
Virtus_Probi  Offline

Joined: Jun 2015
Posts: 4,921
New England
Investing right now is tricky with everybody saying the stock market is way overheated while it still keeps going up, up, up...


2014 Forester XT, 95000 miles
Last Change;
M1 0W30 AFE d1G2
Tokyo Roki 15208AA170 filter
Re: $15k: invest or buy a car? [Re: pandus13] #4588876
11/29/17 02:13 PM
11/29/17 02:13 PM
Joined: Jul 2012
Posts: 417
Michigan
khittner Offline
khittner  Offline

Joined: Jul 2012
Posts: 417
Michigan
If you don't need a car, don't buy one. Where to put $15K in today's bubbly market is a trickier question.

Re: $15k: invest or buy a car? [Re: pandus13] #4588891
11/29/17 02:26 PM
11/29/17 02:26 PM
Joined: Sep 2010
Posts: 7,485
S California
OneEyeJack Offline
OneEyeJack  Offline

Joined: Sep 2010
Posts: 7,485
S California
Maybe find something like a used Yaris in good shape. I purchased a 2006 xB that has the same sturdy engine as the Yaris. With brand new tires, all the fluids (BITOG membership requirement), taxes, registration, insurance and miscellaneous expenses I'm into it for just over $4,000. I treated the search as a job and spent 2 months looking at various Scions and Toyota, Hondas, Mazdas and even some mini-pickups.

Investments don't pay much and are not much fun to drive and won't carry groceries home and might be headed for a correction (financial speak for a "crash").

It sounds like you're not in a panic so do some looking and you'll find that gem that calls out to you. You just have to find it. I kept a spreadsheet, made lost of calls, drove some of the candidates and did a lot of Internet research on various models. For me, the 2NZ-FE engine was one of the positives.

My new to me, 2006 Scion xB (131 on the odo) has now been renamed by my wife. It's an "xBox", or sometimes "the Box". It looks like one and is actually fun to drive with that 5-speed manual transmission.

Keep looking. One day very soon some car will speak to you. It's out there waiting for you and it needs an oil change, too.

Re: $15k: invest or buy a car? [Re: Virtus_Probi] #4588904
11/29/17 02:43 PM
11/29/17 02:43 PM
Joined: Sep 2004
Posts: 22,354
Central Florida
Mr Nice Offline
Mr Nice  Offline

Joined: Sep 2004
Posts: 22,354
Central Florida
Originally Posted By: Virtus_Probi
Investing right now is tricky with everybody saying the stock market is way overheated while it still keeps going up, up, up...


They said that 3 years ago.....



Pandus13,

QQQ still has some growth.

Does your wife want a newer vehicle ?


Re: $15k: invest or buy a car? [Re: pandus13] #4588912
11/29/17 02:46 PM
11/29/17 02:46 PM
Joined: Apr 2017
Posts: 1,788
San Rafael, CA
dogememe Offline
dogememe  Offline

Joined: Apr 2017
Posts: 1,788
San Rafael, CA
Give it to me laugh


2010 Ford Escape 2.5 ~94K Miles: Royal Purple 5W-30 + Wix 51348
2008 Ford Crown Vic P71 4.6 ~167K Miles: AMSOIL SS 0W-30 + Wix 51372
1995 Chevy Silverado 5.7 ~277K Miles: Delo 10W-30 + ACDelco PF52
Re: $15k: invest or buy a car? [Re: dogememe] #4588919
11/29/17 02:51 PM
11/29/17 02:51 PM
Joined: Aug 2011
Posts: 3,493
Chicago,IL,USA
pandus13 Offline OP
pandus13  Offline OP

Joined: Aug 2011
Posts: 3,493
Chicago,IL,USA
Originally Posted By: dogememe
Give it to me laugh

AWWWWWWWWWWW,
But it will only value 7.5 in your Kalifornia......


16 Golf SportWagen
13 Mazda5
08 Yaris
04 Elantra
95 accent
95 mystique
97 concorde
Re: $15k: invest or buy a car? [Re: pandus13] #4588921
11/29/17 02:55 PM
11/29/17 02:55 PM
Joined: Oct 2010
Posts: 9,527
Virginia Beach
Astro14 Online content
Astro14  Online Content

Joined: Oct 2010
Posts: 9,527
Virginia Beach
Invest. Absolutely invest.

If you're worried about current valuations in the market, then dollar cost average it over a year.

Can I assume that your consumer debt is down to zero? The ROI of paying that off is huge....


32 Packard 15W40
02 Volvo V70 T5 0W40 M1
02 Volvo V70 XC 0W40 Edge
05 MB S600 0W40 M1
16 Tundra 1794 5W30 Pennzoil Ultra
Re: $15k: invest or buy a car? [Re: Mr Nice] #4588925
11/29/17 02:56 PM
11/29/17 02:56 PM
Joined: Aug 2011
Posts: 3,493
Chicago,IL,USA
pandus13 Offline OP
pandus13  Offline OP

Joined: Aug 2011
Posts: 3,493
Chicago,IL,USA
Originally Posted By: Mr Nice
Originally Posted By: Virtus_Probi
Investing right now is tricky with everybody saying the stock market is way overheated while it still keeps going up, up, up...

They said that 3 years ago.....

Pandus13,

QQQ still has some growth.
Does your wife want a newer vehicle ?


Mr. Nice, do you recommend a lump sum and go with the flow or monthly/weekly deployments for the Dollar-cost-average?
Wife, is studying (starting) for student and financial advisor, so I'm considering this the Play Money.
Hence why me giving up the new-ish car dream.


16 Golf SportWagen
13 Mazda5
08 Yaris
04 Elantra
95 accent
95 mystique
97 concorde
Re: $15k: invest or buy a car? [Re: pandus13] #4588926
11/29/17 02:56 PM
11/29/17 02:56 PM
Joined: Nov 2013
Posts: 879
Central Coast California
RedOakRanch Offline
RedOakRanch  Offline

Joined: Nov 2013
Posts: 879
Central Coast California
Investing is a 3-5 minimum time frame and involves a risk of principle. Saving is a now to 3 year goal with minimal risk. Don't take advice from the internet! LOL. I have a similar amount of "savings" that I have part in gold and part in cash. Using it as a hedge against stock market issues while maintaining liquidity. I hope it loses some value as I have a lot more in stocks!


1994 Ford Crown Vic 207k-Frankenbrew 0w20,30,40!
2005 Chevy 1500 Crewcab 4X4 180k-BC 0w30 $2/qt
2016 Outback 2.5 Limited 60k-shop brand?
Re: $15k: invest or buy a car? [Re: Astro14] #4588929
11/29/17 02:59 PM
11/29/17 02:59 PM
Joined: Aug 2011
Posts: 3,493
Chicago,IL,USA
pandus13 Offline OP
pandus13  Offline OP

Joined: Aug 2011
Posts: 3,493
Chicago,IL,USA
Originally Posted By: Astro14
Can I assume that your consumer debt is down to zero? The ROI of paying that off is huge....

Only current residence. And it's way cheaper then renting, even after the HOA dues+power+gas


16 Golf SportWagen
13 Mazda5
08 Yaris
04 Elantra
95 accent
95 mystique
97 concorde
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