i've recently inherited a large sum of cash and currently have around 50 grand in the bank.

I would like opinions on whether to keep the max or trade it in for a new car.

my max = 2k2 6 speed fully loaded (minus nav) + cosmetic mods

im looking at a new m3 or trading in for a used 2k+ m5.

any input would be appreciated

 

if i were you i would keep the max and just save that money up. you never know when you gonna need money. let the interest grow and dont get too greedy with it. USE IT WISELY. you wont regret anything

 

Invest that money. It's tempting to spend, but you can get a solid return of a couple of grand annually if you play with it right.

 

Just keep the cash, cars lose value too quick and M's are only going to get you in trouble with the traffic patrol if you know what I mean. You already have a great value of a car, do something to it and keep the money so you can fall off on.

Since you already have 50k, you will find it more motivating to save and add on to those 50k to get yourself a large bank account since you had a hefty start, that's the way it works with a lot of people.

If you ask any financial analyst/planner, a car is basically one of the worst investments out there, mostly due to high insurance premiums.

Just my $.02.

College actually taught me something!!!

 

Hey man, I think you should chose between the M3 or the Audi S4 Quattro...If you are still having a hard time, you can give half to me and still get a Max!!!!

 

man 53k miles on a 2002 wont get you a good trade value so keep the money ulness you get a good deal spend about 10k at most of that 50k

 

"A fool and his money are soon parted."

 

Like they said save up the money. But if that money was mine, I'd start about thinkin what I should do about FWD on a Max if you know what I mean.



But save the money!!!!! It will come in handy. (I already know from personel experience.

 

Are you saying you're going to get a new car, or you're wondering if we would? If I was looking into a new car it would be the volvo S60R... 6-speed, 300 hp turbo, AWD, adaptive suspension, brembo big brakes... seriously, check into one. Read about it here:

http://www.r-series.org/ (scroll down a little to get to videos)

http://www.swedespeed.com/main_news/r_drive.html

Also, check here
http://www.volvocars.com/r/

and videos (in german)
http://www.volvopower.de/motorsport.htm

it's going to be a SICK car!!

Or you could keep the money in the bank and do something responsible with it.

 

Think this one out with your head and not your heart.
Keep the Max and invest the money you inherited.
Good investments make more money,cars cost more money.
Years fom now you'll be happy you did, trust me.
You can drive a new V-10 M5 in the future with the money you make, if that's what you really want.
Good Luck in whatever decision you make!

 

Invest, invest, invest.

And I would still drive my Maxima for at least another year until the investment yielded a return

 

You bring the cash, and I'll bring the playing cards

Seriously though, if it's burning a hole and you pocket, mod the crap out of the Max, otherwise, it never hurts to have some extra cash in the bank.

just my 2 cents.

-Red-

 

keep the money and invest in something like a CD/Bond/ or even a small condo. you can make bank money

 

talk to Nick Stam here on the org about investing most of it....he is a financial planner and will give you the hookup.

 

M5...mmmmmmm

seriosuly, i would give a couple toes or fingers (on the left hand of course) to own an M5. man oh man, what a car!!

 

I have nothing new to add. Hold on to the cash!!!!!!!!

Do not do anything stupid (buy a new car.)
IT IS A DEPRECIATIMG ASSET!!!! FIRST 3 YEARS AND THE CAR IS WORTH OF THE ORIGINAL MSRP!!!

pay off the max. after all... a car is just a car in the end. learn to enjoy your max to the fullest. once you figure out how to do that you will know exactly what to do with that $$$.

that 50K is a nice running start on being financially secure for the rest of your life. F*ck the car!!!

 

It takes money to make money. Do Not Ever forget that. $50K is just about enough to give a good jump on things. If you play your hand right...

 

Save the money..Invest it.....Why buy a 50K BMW that runs will get spanked by your max

 

Pay off the maxima if you have a note, save the rest of the cash for a condo/house!

 

Why don't you get the best of both worlds. Mod the s**t out of the Max and invest the rest. Why waste this money on a new car. Cars are great but money invested right can bring you more fun and better cars in the long run.

Nice

 

Save it dude. Especially in this economy.

 

Save your money!! But still spend money on the max! Mod it like crazy and maybe that would be the way to go.

 

i new car would be nice Z06 S4 M5 E55 M3 Cobra.....but i would have to say...SAVE THE MONEY!!!!!!SAVE THE MONEY

 

Seriously, listen to what the smart folks are saying and invest that money. Besides, you'd need a lot more than $50,000 to cover the increased costs in insurance, maintenance, and repairs on the M3 or M5...

 

Two answers. First, don't blow $50k cash on a new car - invest at least half of it.

Okay, now that we're done with answering a question you didn't ask - if you're going to throw at least some of the money at a car, then get something new. I wouldn't go with a new M3 just because (as you've experienced with the Max) you get raped on a brand-new car. Look for a slightly used (dealer exec or whatever) M3 or M5, save about $10k, and have a good time.

 

if i were you'd id mod about 5k into the max. then save the rest and turn it into 60 after a few years then pick up a 50k car and sell the max.

 

If you have a low interest rate on the Max then keep making the payments. You can get a higher interest off investing if you do it right and keep paying the lower interst on the Max. Keep making the payments especially if you want to build up your credit.

 

I am in the exact same situation as you. I am recieving a 50K early inheritance in a few months. Funny that we have the exact same car too, lol. My choice was easy, buy a house I am going to invest it all into a 3 family home to start becuase I want to build a big real estate collection and make mucho $

 

Make your car "new" again by putting some money into modding it. Invest the rest and watch it grow...

 

save the money, why must people always take 'all' the money they have and throw it into something dumb like a car... if you had say, a 5 million dollar inheritance, then i would say hey, go buy a ferrari. 50 grand is a nice amount of money, why is it burning a hole in your pocket?

 

If you have the money burning a hole in your pocket syndrome, mod the Max. Based on what I see of people trying to sell their mods here, they actually hold their value at least as well as my Max. If you are even close to being in a position to buying a house do it. Mortgage rates are seriously low right now and as the economy recovers they will keep going up.

 

Thnx for all the replys

I slept on it and agree with most of you guys, investment is the way to go, besides my max is nearly brand new and i bought wit cash so its paid off...

i love it too much to get rid of it... maybe in the future when im looking for a new car i'll consider spending the dough

as of now, im still gonna be on this forum for a while

and again.. thnx for the repies

 

smart move homie!

 

I speak from experiance...Forget the maxima, get the m5.