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#4588838 - 11/29/17 12:57 PM $15k: invest or buy a car?
pandus13 Online   content


Registered: 08/12/11
Posts: 3196
Loc: 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
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08 Yaris
04 Elantra
95 accent
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#4588844 - 11/29/17 01:00 PM Re: $15k: invest or buy a car? [Re: pandus13]
jeepman3071 Offline


Registered: 04/15/10
Posts: 4216
Loc: Storrs, Connecticut
I'd invest most of it, while keeping a bit in savings for rainy days/car repairs.
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2000 Jeep Cherokee 4.0L (179k) - Pennzoil 10w30, Napa Gold 1516, Magnefine trans filter
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#4588849 - 11/29/17 01:01 PM Re: $15k: invest or buy a car? [Re: pandus13]
Quattro Pete Offline


Registered: 10/30/02
Posts: 35863
Loc: Great Lakes
If you don't need a new car, then don't buy a new car. Invest it.
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#4588852 - 11/29/17 01:02 PM Re: $15k: invest or buy a car? [Re: pandus13]
bullwinkle Offline


Registered: 10/09/04
Posts: 7671
Loc: 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!
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#4588860 - 11/29/17 01:07 PM Re: $15k: invest or buy a car? [Re: pandus13]
IndyIan Offline


Registered: 09/23/08
Posts: 9092
Loc: 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.
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#4588862 - 11/29/17 01:07 PM Re: $15k: invest or buy a car? [Re: pandus13]
Virtus_Probi Offline


Registered: 06/25/15
Posts: 3970
Loc: New England
Investing right now is tricky with everybody saying the stock market is way overheated while it still keeps going up, up, up...
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#4588876 - 11/29/17 01:13 PM Re: $15k: invest or buy a car? [Re: pandus13]
khittner Online   content


Registered: 07/13/12
Posts: 312
Loc: 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.

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#4588891 - 11/29/17 01:26 PM Re: $15k: invest or buy a car? [Re: pandus13]
OneEyeJack Offline


Registered: 09/14/10
Posts: 7479
Loc: 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.

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#4588904 - 11/29/17 01:43 PM Re: $15k: invest or buy a car? [Re: Virtus_Probi]
Mr Nice Offline


Registered: 09/12/04
Posts: 21196
Loc: Orlando, FL
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 ?


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#4588912 - 11/29/17 01:46 PM Re: $15k: invest or buy a car? [Re: pandus13]
dogememe Offline


Registered: 04/15/17
Posts: 605
Loc: SF BAY AREA, CA
Give it to me laugh
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2007 Ford Crown Vic P71 4.6 ~124K Miles, SynPower 5W-30, Royal Purple.
2010 Ford Escape 2.5 ~70K Miles, SynPower 5W-30, Wix.
1997 Chevy Suburban 5.7 ~214K Miles, O'Reilly FSHM, MicroGard.

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#4588919 - 11/29/17 01:51 PM Re: $15k: invest or buy a car? [Re: dogememe]
pandus13 Online   content


Registered: 08/12/11
Posts: 3196
Loc: 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
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#4588921 - 11/29/17 01:55 PM Re: $15k: invest or buy a car? [Re: pandus13]
Astro14 Offline


Registered: 10/10/10
Posts: 8537
Loc: 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....
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#4588925 - 11/29/17 01:56 PM Re: $15k: invest or buy a car? [Re: Mr Nice]
pandus13 Online   content


Registered: 08/12/11
Posts: 3196
Loc: 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

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#4588926 - 11/29/17 01:56 PM Re: $15k: invest or buy a car? [Re: pandus13]
RedOakRanch Offline


Registered: 11/10/13
Posts: 846
Loc: 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 206k-Frankenbrew 0w20,30,40!
2005 Chevy 1500 Crewcab 4X4 178k-BC 0w30 $2/qt
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#4588929 - 11/29/17 01:59 PM Re: $15k: invest or buy a car? [Re: Astro14]
pandus13 Online   content


Registered: 08/12/11
Posts: 3196
Loc: 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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