/biz/ - Business & Finance

a car is the worst investment you can make, generally.

now, if it's a sick 911 turbo S then that might actually hold or gain value. buy what you like, you'll make the money back

>>50683834
you should buy a car that you could potentially replace at any moment if needed.
>not investing 90% of your network in your 20s and early 30s
ngmi

>>50683866
net worth* holy shit

>>50683834
If you want it to impress bitches then sure, if you want to keep your self-respect then no

So, you paid off your mortgage and have a $200k net on top of that? Nice job, op. You're definitely not a lapping faggot.

>>50683955

>>50683834
a car is the worst investment you can make.
invest in something that can make you money like matic, dont just throw your money away

>>50683834
I didn't buy a car that expensive until last year when my net worth went past $1 million. It was a gift to myself. But if I was gonna get a Porsche, I would spend $200k+ for a 911 Turbo or Taycan Turbo S. Anything less is a shitbox.

>>50683834
If you can’t buy it twice without flinching you can’t afford it

>>50683834
Same question, but I am 22 and have $900K net worth.

Retard.

>>50684096
U right bro a 150k 911 is a total shitbox lmfao clown ass mother fucker

>not being a fetus with $15b in the pockets at all times
Are you having a laugh mate

>>50683834
Is it painful for women to pull their hair that tight?

>>50683834
Thinking about this more, the luxury part is what makes this seem very retarded, but 25 year old hicks making $20 an hour buy 70k pickups without flinching. I can't wait to see what retirement looks like for these retards.

>>50684174
Not my problem poorfag lol

>>50684096
>net worth went past $1 million
You know you have to cash out crypto and pay taxes at some point, right?

>>50684287
Gemini and Bittrex don't report anything to the IRS. I've cashed out only $120k since 2017 but fudged the numbers on Turbotax so I don't have to pay. I reported accurately in 2019 during that bear market and got a fat refund though :)

>>50684404
>posting this shit online
lmao. hope you get heem'd

>>50683979
So heckin' deeperino,, gotta show my partner this one

wtf porsche are you getting for 60k

>>50684432
I'm already paying $50k+ a year in payroll taxes at my day job. You and the government can suck my dick.

>>50684460
>humblebragging that he had sex
normies get out! rrreeeeeeee!

>>50683834
is it a 911? hard to say no to those sexy curves. but probably not, i mean 60k is like 30% of your net worth. i know it seems like everyone can afford a car but almost nobody can they just get one on credit and struggle to pay the bills on it as it rapidly depreciates. if you absolutely need a car just buy a used car in decent shape and save the money.

>>50684499
I pay $100,000 in payroll taxes annually
You are going to get caught eventually. Hope this doesn't keep you up at night!
lol

>>50683834
If you're going to get a nice car, go classic, not new.
You'll seem like less of a douche, and the car itself has likely already hit max depreciation.

The flip side is that you're probably going to die if you ever crash, but yolo.

if you appreciated superficial pussy anon, then yes spend some fucking money...

don't listen to /biz or you will end up buying 60k more in shitcoins - which you will buy anyway?!

Also, get a Range Rover Defender because you need to be a man too

>>50684565
>It is a crime to cheat on your taxes. In a recent year, however, fewer than 2,000 people were convicted
>of tax crimes —0.0022% of all taxpayers. This number is astonishingly small, taking into account that >the IRS estimates that 15.5% of us are not complying with the tax laws in some way or another.
Yeah I think I'll continue to sleep like a baby at night.

>>50684245
Those pickup trucks will run for 20 years if they aren't Rams, OP's nigger-tier flash of wealth will run for 3.

>>50683834
A good car can bring you a lot of joyful moments and the feeling that if you could make the decision again of buying or spending the money on something else you would buy it again. But don't buy a car based on looks or the badge. Don't buy it to impress others but buy it to impress yourself. Make a list of what are your requirements that make a car good enough for you and if you find some that cheks all the boxes then test drive them to see if the car really is like you imagined.

>>50683834
No, wait till you're 35 and have 2mm. Also, nobody cares if you have a nice car beyond the initial "wow" factor. Much cooler to drive picrel and have a fat stack in your investment portfolio.

>>50683955
i hate them so fucking much

>>50683853
the only people i see drive 911s are 60+ germans and i see them a lot lately. i like the car for what it is but i just couldnt drive one around here.

>>50683834
I have 2M net worth and am questioning if I should buy a 50K car. Would probably only spend 20-30 if I had 200k

>>50683955
more like thinking about my few years of watchable ass until im ugly and completely useless and no one ever cares about me again while rice guy still provides and is happy.

>>50683834
>around $60k. I am 29 and have $200k net worth.
A car should be no more than 5% of your net value. Buy a second hand $10k car and don't do stupid things.

You can't afford the cost of maintaining a $60,000 Porsche.

>>50684804
We are headed into a depression. Government needs money.
You know one way they can get it?

>>50684797
>range rover defender
I have literally only ever seen middle aged asian women drive that car (like shit I may add)

If you mean the real one, the old model, then it's either farmers or posh cunts who's dads own an estate agency or some shit.

>>50684620
Instructions unclear; muscle car acquired

>>50683834
Buy a Rolex instead. Literal 100% certainty it is a better investment

>>50685394
OORAH

>>50683834
>spending greater than 1/4 of your net worth on a machine that instantly loses most of that value
lol no
>>50683853
this. A car is not an "investment" unless you have such good taste (which you don't) that you can choose what will turn out to be a classic that will appreciate in value over the next few decades, and which you can afford to keep in perfect condition by storing in a heated garage and never using except for sunday drives in the summer. When you hear about cars that appreciate in value, it's either because of unforeseeable cultural developments like the recent craze surrounding JDM cars (which drove the prices of Z cars, 90s-00s nissans, toyotas, etc thru the roof) or it's literally because someone bought a luxury car whose design/aesthetics ages well and doesn't look retarded in 20 years, which again they never drive and keep in perfect working order and always kept in a heated storage in a dry climate.

>>50685207
> I care what others think
totally ngmi

>>50683834
Just take the Lexus pill and buy a used Lexus sedan you fucking retard

>>50685562
kek

>>50683834
If you can afford it without issue then enjoy it. Don't listen to these retards that can't drive and jerk off to hentai all day.

>>50683834
Keep whatever car you have and buy used Cessna. Learning to fly and hanging out at the airport with the rest of the private plane crowd will earn you all sorts of financial opportunities which a sports car won't bring. You will have more sex in the plane than you will in the car too, just make sure not to fuck at low altitudes because you can crash and die that way.

>>50685617
OP wants a real car, not some chink knock-off

>>50685766
OP is a poorfag and needs a car that won't shit on him and have to waste time and money fixing it
If he has no one to impress then he's better off just getting in a fucking corolla instead of buying a fucking Porsche he can't afford

>>50685394
Lol the car order tracker just copied Dominos' pizza tracker

>>50685841
THAT IS THE FIRST THING I TOLD THE SALESEMAN WHEN HE DESCRIBED THE ORDERING PROCESS TO ME HAHAHAHA

>>50685610
meh. a 911 is a statement outside murrica.

>>50685858
please calm down. You're waking up my cat

>>50683834
>be me
>250k in crypto gainz 2021
>cash 8% to buy 2005 911 Carrera S 40k miles
>52k (770/month @ 3% for 5.25 years)
>cryptobear.jpeg
no regrets
amazing car and slight value appreciation since mid 2021 while crypto & stocks down a lot

>>50683834
no, but you can swing it. if you get a used one for $35k you'll be better off.

>>50683834
There's only ever good investments if you never drive them.

>>50685562
ironically my militaria collection is worth well over the $60k all in that car costs, kek

>>50685569
>combustion engine cars
>appreciating over the next few decades
Kek

>>50684038
well said Anon or other good low caps with promising potential like Sylo.

>>50685931
porsche is one of the most reliable brands in the world. there are 50+ year olds around that still drive like new. compared to others in the same league its really the best you can buy.

>>50686009
this. i knew an old man who used a 1963 356 as his daily driver until he died in 2018. only ever had to rebuild the transmission and engine once in ~600k miles.

>>50683834
>1 Post by this ID
Fucking retards

I want to put a baby in AOC.

>>50686009
Are modern Porches' still reliable?

>>50683853
used cars sell for more than list price new cars without markup in 2022, boomer

>>50684432
if he actually filed there is a statue of limitations. if he didnt file then no statue of limitations. Always file

>>50683834
the problem with a Porsche is the maintenance
You're not a Boxster are you? Dont buy a Boxster
A 911 is a beautiful car, but they are expensive to own

>>50683834
Liberal women always go on about how they hate white guys but always end up dating white men LMAO

>>50683834
For whatever that guy's faults you can tell he has a massive and veiny cock that makes AOC cream almost daily.

>>50686532
Nah. Too many black boxes and sensors.

>>50684141
blowing 60k on a car when you have 900k is fine. But blowing 30 percent of net worth on a car is crazy to me.

>>50685394
>scat pack
ponder the aroma

>>50684038
>invest in something that can make you money like matic
people shilling MATIC when a year ago it was called a pajeet scam, lesson here is to buy coins which are fudded to hell and not the ones shilled by the masses

>>50686709
she probably cheats on him because she's much more successful than him and enjoys attention and enjoys hanging out in liberal-progressive circles and among LGBT people without him.

that kind of woman is much more likely to not think much of "making a mistake" during one of her many politics/business trips separated from him.

>>50683834
buy a Porsche with holoride VR tech in it, and thank me later Rich little fag. your wife would love it.

>>50684620
How is this car called and when was it produced?

>>50683834
Cars are a mere tool, and the sooner you grow out of the normie delusions, the sooner you might start acquiring wealth.

>>50683834
>Wastes money on cars
Not gonna make it.

>>50686532
there is no long term data about a new car dummy. my own opinion is no, too much drive by wire and remote control to be pleasant. just my taste.

>>50685368
print it... just like they have been

No.

>>50689642
>he doesn't know that isn't an option anymore
lol

>>50683834
No

>>50683834
No. Get a good house instead.

>>50683834
Short answer is no, long answer is also no.

>>50684620
classic cars are retarded unless you just want to drive on the weekend. so many problems. porsche is a better option for him since he'll daily it.

>>50684096
Cringe, the Cayman is the best car Porsche makes by a mile

>>50684404
Based.
SEC still haven't decided how they should label cryptocurrencies yet they already came up with reasons years ago on why you need to pay taxes on your cryptocurrencies. Kek

>>50684565
Thank you on behalf off Mohammed, Samirah and their 7 children. May Allah bless them with a lot of gibs and may their sons get a lot of white girls.

>>50683834
>60k porsche
>200k networth

Uhh.. i hope you forgot a 0. 30k car would be pushing it.

My brother and my sister have different dads, soon my grandmother will pass away and leave me a million or two and my siblings will still be in debt. How would you handle this situation? Do you give them a one-time handout to help them fix their situations? Do you pretend like you didn't get any money?

>>50690226
I would choose option 2 but I'm a greedy cunt.

>>50685394
BASED fellow scat owner

>>50684141
Same question, but I am 17 and have $4MM net worth.

>>50686587
Car guy here, your incorrect for long term trends also yes hes a boomer.

>>50684460
This but unironically

>>50686072
This is the opposite of the truth. Worst financial decision I ever made was an old Porche. Absolute trash. Buy a commoner's Toyota and don't even think about flashy cars until you're a multi-millionaire. This is financial advice.

>>50686009
This is the opposite of the truth. Worst financial decision I ever made was an old Porche. Absolute trash. Buy a commoner's Toyota and don't even think about flashy cars until you're a multi-millionaire. This is financial advice.

>>50686587
That's only for new models you retard.

>>50683834
>Is it a wise decision?
They're an over-rated yet fun decision. Trust me.

>>50683834
buy one of the transaxle family, having it fully restored probbably costs less than $60k

>>50683834
Bad investment m, but good decision! The idiots in this thread won’t know the difference

>>50685920
Post bread on hood with timestamp

>>50683834
How did a skinny fat ginger clown like him get a spicey latina gf like her? I don't dig her face too much but it's certainly better than he deserves. Feeling a little envious over here

>>50691782
Hint: she's not attractive

>>50688235
saw a buzz on this that's currently been integrated into Audi and officially launching Q4. can't wait to see what it looks like Anon.

>>50688268
It's a 72 chevelle SS. My dream car.

>>50684038
Based anon. One of my picks for long term profits is ORE which has a deflationary supply.

>>50683884
Kek

>>50683834
Invest that money fren. It would be better to afford such luxuries when you have multiple streams of passive income. I'd be earning as well if the proposal for DAO members to profit from Railgun's protocol generated fees is approved.

>>50684620
Classic cars are basically motorcycles

>>50685990
>fell for the electric car scam
I'll speed through while you sit in your lithium leaking toybox.

absolutely not why the fuck do you need a car like that? are you an influencer? are you celebrity or a lawyer? no? then no you buy something that's quality that'll get you from point a to point b.

If you want to get rich you buy what your lifestyle requires, not a toy you'll get bored of that requires a shitload of maintenance

>>50683834
>>50694027
Nah. Just plainly nah. Buying a car is always a sound investment but you don't want a liability where the car won't get sold unless you're selling to a millionaire/influencer
I would recommend something that looks good and its easier to sell fren, i put my vinu bags into a bmw with the whole peace that if i ever needed to sell it people would fight for it

>>50685920
>52k (770/month @ 3% for 5.25 years)
>+ insurance
>+ maintenance
>+ gas

>>50684205
Looks nice though

>>50690569
strange. i hope you didnt feed him with ethanol mixed fuel from the gas station.

>>50683834
I bought a 2011 Cayman S (987.2) for around 30k about 2 years ago. The car has appreciated in value, but maintenance, taxes and insurance costs are far higher than the value appreciation. I very rarely use it & it's definitely the car I'd sell first out of the three cars I have (the other 2 are "normal" cars). I don't regret buying it though, it's still better to have a sports car when you're 30 vs when you're 55.

Everybody says this, and it's true: The novelty and Porsche-coolness of the car wears down really quickly. If you don't *enjoy* driving, it's a terrible investment in the first place. And if you do enjoy driving, a Miata is still the more sensible choice. In the Miata, you can at least floor the throttle for more than 3 seconds and don't lose your license right away.

And since this is supposed to be about finance:
- Buying a 60k car with 200k net worth is beyond retarded. Never spend more than 10% of your net worth on cars.
- Spending 60k on a car is stupid when it's 1 BTC. You could be getting close to 3 BTC today, so it's even more stupid to do it now when there are great(er) investment opportunities all around

To answer your final question
>Is it a wise decision?
No. It's definitely not wise.

>>50685920
>>be me
was you and hodl'd, now sitting on 1/4 of that and need to cash a couple of thousands out for living expenses. hurts every time.

>>50694780
It really doesn't though.

>>50683834
I bought a cayenne around that exact same mark. Don't do it anon!!!! Take the Toyota pill

Bought a 997 and kept it for 4 years as a daily. I was 24 when I bought it with about 200k nw. Now multi millionaire. Do what you enjoy. Life can end any day and it goes by quick.

Syscon will never run into inordinate fees as experienced by others. A transaction that could cost 100 dollars on the ethereum platform under enough congestion would only be a fraction of a cent under the same conditions on the syscon platform.

Why would you EVER waste money on a half nice car, BEFORE you made it? They're almost universally depreciating assets if they're ever used, they only keep their value after years of constant maintenence and then any car enthusiast is going to knock you down on price to below profit value, so your only option for resale is muppets with more money than sense, and they're all on finance at the moment.
>>50690226
Are they good (I.E. Filialy Pious, doubtful given parentage) siblings that just made some bad errors in their personal finances, yes work out a generous deal to alleviate their suffering without simply putting you out of pocket, otherwise if they're self absorbed cunts that lived beyond their means and just expect you to pay for their profligacy, fuck 'em

>>50690226
Why can't you just tell them that you got the inheritance (I assume it's from your dad's mother) and not give them anything? Why do you believe you own them something?

Oh, and there is NO such thing as a "one-time handout". They WILL come back for more.

>>50688394
This, the Toyota Prius is the patricians choice.

Why buy a retarded car for clout. When you can invest 60k into ETH and MATIC. Then turn that shit into another 200k minimum next bull run? I don't understand motherfuckers sometimes.

>>50683834
No, wait until you have at least $400k invested.

>>50685143
WTF do you hate rice farmers for?

>>50683834
Go for it anon. You can explore eith Utrust where you can buy the car with crypto currencies and they have merchants for that.

>>50697665
I share the same opinion anon. Good profits should be made on the money before luxuries. I on one end would invest in the ORE/ETH LP mining program and earn passive income on the money.

>>50685569
>When you hear about cars that appreciate in value, it's either because of unforeseeable cultural developments like the recent craze surrounding JDM cars (which drove the prices of Z cars, 90s-00s nissans, toyotas, etc thru the roof) or it's literally because someone bought a luxury car whose design/aesthetics ages well and doesn't look retarded in 20 years, which again they never drive and keep in perfect working order and always kept in a heated storage in a dry climate.
You forgetting about classic american cars bro. Many of they did a 10x+ in the last 20 years.

>>50685394
>F8 Green
A man of taste I see

>60k$ will buy you a 30k api3 coins
>bait
nobody on here is that dumb

>>50699570
Indubitably
The widebody in black is genuinely too hyper-masculine. The F8 green softens it a bit, but it is still badass as fuark.

>>50684620
>>50689897
Man you zoomies are deluded. That Chevelle SS can be worth 100k. Classics already did massive gains and will hold their gains. Unironically a good store of value. As far as so many problems you truly are deluded my friend. Old cars are so much easier to work on or have a mechanic work on than a porsche or JDM.

>>50699469
I say we live with tye money and enjoy tye time we gotta live. And the reason I'm saving upon USDT for the past 2 years where I can now buy a tesla with crypto at ease through UTRUST

Real men drive fucking shit boxes because cars are a form of freedom/utility.
Buying a car to look cool just reeks of weakness and insecurity. Keep your money to get away from work more often than not.

>>50683834
Only if you want to be poor.

>>50683834
> Use crypto payment. Nikola Brussels and some other car merchants accept crypto payment.
> Imagine getting 5% cashback on $60k

>make $75,000 a year in a poor area in a southern state
>owe $120,000 on mortgage
>drive shitty 2012 Honda Civic with the paint peeling off

I want to buy another car that fits my status.

Thinking about this $60,000 babe

>>50705186
At thing reeks of a new money try-hard.

>>50683834
just rent one from someone on turo for the summer or whatever. Work it out and negotaite w them.

>>50683955

How do I short women

>>50705562
Leave directly after they go down on you...duh

>>50693137
>deflationary supply
*puts on shades*
>premined shitcoin