SwedeSpeed - Volvo Performance Forum banner

1 - 20 of 51 Posts

·
Registered
Joined
·
1,411 Posts
Discussion Starter · #1 ·
Not trying to brag here guys!<p>But I sold my uncles old Porsche on ebay for 23k and he gave me 10k! He isn't the most computer savvy person so he really appreciated my work.<p>Now what should I do with it?<p>Being 16 here are my options:<p><br>I would like to get a actual street bike and my parents say I can if I can manage insurance. I've ridden dirt bikes since age 5 and here in WA, adolescents like me can ride if we take an approved moto safety course.
 

·
Registered
Joined
·
1,500 Posts
Re: I recently came upon 10 grand (Kallvin22)

1. the safe thing to do would be college but it seem like you and your parents are well off.<br>2. fx clearity. aaaaaaaaaaaaaaaa noooo. realllllyyyyyyyyyyy<br>3.if you want a diffrent car trade you s40 in and you can put your g's down but at least do you s40 justice and buy a really car.
 

·
Registered
Joined
·
1,411 Posts
Discussion Starter · #3 ·
Re: I recently came upon 10 grand (kpsingh0)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>kpsingh0</b> »</i></TD></TR><TR><TD CLASS="quote">1. the safe thing to do would be college but it seem like you and your parents are well off.<br>2. fx clearity. aaaaaaaaaaaaaaaa noooo. realllllyyyyyyyyyyy<br>3.if you want a diffrent car trade you s40 in and you chttp://forums.swedespeed.com/zeropost?cmd=reply&id=1260442#an put your g's down but at least do you s40 justice and buy a really car.</TD></TR></TABLE><p>In reality the only other car I would rather have than my s40 that isnt over 30K is a s60r or a 2010 R32.<p>But I LOVE my s40 to death. Its like a dream car in a way... <p>The FX clarity thing was a poor attempt at a joke <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/biggrin.gif" BORDER="0"> <p>Realistically what I think i will do is focus on keeping my car healthy, I am approaching 100K miles, At 95 today and going to need a new timing belt and some camber arms along with new tires.<p>I think I will first spend money on maintaining my car then the rest towards modifications / sport bike
 

·
Registered
Joined
·
1,500 Posts
Re: I recently came upon 10 grand (Kallvin22)

that more like it. i was like fx clearity. did i read that right? also love the r32 and gti
 

·
Registered
Joined
·
2,108 Posts
Re: I recently came upon 10 grand (kpsingh0)

My vote is for a Ducati Monster <IMG NAME="icon" SRC="http://********************/smile/emthup.gif" BORDER="0"> ....but if you do you may never mod your Volvo again <IMG NAME="icon" SRC="http://********************/smile/emthdown.gif" BORDER="0">
 

·
Registered
Joined
·
6,887 Posts
95k on your S40? I say put the money into something like the bike or something else. Dropping the big money on an upgraded turbo (your car is a 2.4, right? that would take a lot to convert), coilover, etc isn't worth it. If you really want to trick your car out I say find a used T5 with decent miles and get it, sell your 2.4 for whatever you can get (I've seen them ranging from 8k-15k for 05-06s, maybe a little more from dealers). With the higher mileage I don't know how much you could get, maybe just do a trade in at a dealer for a T5. Then you use the money you got out of your 2.4 on upgrading your T5.<br>If you really want to do a turbo upgrade I'll let you borrow my car for a couple weeks so you can do a turbo upgrade in it, then I'll pick it up later. <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/wink.gif" BORDER="0"><br>
 

·
Registered
Joined
·
1,360 Posts
Re: (carreragt7)

pick up some blue chips, throw the share certs in a drawer and dont look at it for another 5 years.
 

·
Registered
Joined
·
568 Posts
Re: (Mistral)

+1 on the stocks... I'm majoring in Business Economics right now...<p>But the car lover in me says trade the S40 in for a lower mileage S40 with more of the options you want. There are quite a few nice ones for sale around me. I was even tempted the other day to trade mine in for an S60R that I found! full body kit, interior was perfect, 60k miles (mine has the same) for 16,799!!! Put the money in a short term CD, earn a little interest while you're looking for the perfect platform to start working on and when the money comes due, pull the trigger!!!<p>
 

·
Registered
Joined
·
2,457 Posts
Re: (S40Racer)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>S40Racer</b> »</i></TD></TR><TR><TD CLASS="quote">+1 on the stocks... I'm majoring in Business Economics right now...<p>But the car lover in me says trade the S40 in for a lower mileage S40 with more of the options you want. There are quite a few nice ones for sale around me. I was even tempted the other day to trade mine in for an S60R that I found! full body kit, interior was perfect, 60k miles (mine has the same) for 16,799!!! Put the money in a short term CD, earn a little interest while you're looking for the perfect platform to start working on and when the money comes due, pull the trigger!!!</TD></TR></TABLE><p>Short term CD is right..you'll be ballin when that thing's ready to get withdrawn.
 

·
Registered
Joined
·
7,274 Posts
I say save for something that will appreciate in value like a house...cars just lose value. (This coming from a guy who wants to do so much to his car but has his money in a house....) <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/frown.gif" BORDER="0">
 

·
Registered
Joined
·
110 Posts
Start the habit now: save some for the future; spend some now.
 

·
Registered
Joined
·
1,397 Posts
Re: I recently came upon 10 grand (Kallvin22)

Dude, by the looks of it, your parents are relatively well off, etc. So you are pretty much in the same boat as me: have a car, going off to college, and so on.<p>My advice would be - keep the money for college. When your parents are shelling out 50 grand a year, they aren't going to be as willing to let you get stuff like TV's and other good stuff. Plus, I would feel guilty asking them to buy me unnecessary stuff after they just write a monthly payment check to college.<p>I say keep the S40, use part of your money to maintain the car, and either use the money to pay for college bills, or make your life in a dorm a little nicer and buy a TV and XBox, and save the extra cash for spending money during college, so that you feel a bit more independent from you parents, and don't have the guilt of using their money to go out buying stuff.
 

·
Registered
Joined
·
534 Posts
Okay... you have 10k.<p>Invest 6.5k in some CD's. Right now, rates are low across the board, so do some 6 month or 1 years and let them renew as things (hopefully) get better down the road. Keep that all invested until college.<p>Take the 3.5k extra and find a used bike. If you're a new rider, used is the way to go since the bike will get laid down one way or another. As a first time rider, the new Ninja 250R's are awesome bikes and you can find one used for a great price. <p>There's your win-win. You treat yourself to something you'll love now, and also have money saved and growing for later. Also, you can always sell a bike once you move on to something else. There will always be a new rider looking to buy used, so you'll be able to get a good bit of your original investment back.
 

·
Registered
Joined
·
4,024 Posts
Save some and get a Used bike <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/smile.gif" BORDER="0"> <p> <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/tongue.gif" BORDER="0"> <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/tongue.gif" BORDER="0"> great idea !!!!!<BR><BR>
<i>Modified by jdsr917 at 11:23 AM 6-11-2009</i>
 

·
Registered
Joined
·
1,500 Posts
Re: (40 Rouge)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>40 Rouge</b> »</i></TD></TR><TR><TD CLASS="quote">Okay... you have 10k.<p>Invest 6.5k in some CD's. Right now, rates are low across the board, so do some 6 month or 1 years and let them renew as things (hopefully) get better down the road. Keep that all invested until college.<p>Take the 3.5k extra and find a used bike. If you're a new rider, used is the way to go since the bike will get laid down one way or another. As a first time rider, the new Ninja 250R's are awesome bikes and you can find one used for a great price. <p>There's your win-win. You treat yourself to something you'll love now, and also have money saved and growing for later. Also, you can always sell a bike once you move on to something else. There will always be a new rider looking to buy used, so you'll be able to get a good bit of your original investment back. </TD></TR></TABLE><TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>40 Rouge</b> »</i></TD></TR><TR><TD CLASS="quote">Okay... you have 10k.<p>Invest 6.5k in some CD's. Right now, rates are low across the board, so do some 6 month or 1 years and let them renew as things (hopefully) get better down the road. Keep that all invested until college.<p>Take the 3.5k extra and find a used bike. If you're a new rider, used is the way to go since the bike will get laid down one way or another. As a first time rider, the new Ninja 250R's are awesome bikes and you can find one used for a great price. <p>There's your win-win. You treat yourself to something you'll love now, and also have money saved and growing for later. Also, you can always sell a bike once you move on to something else. There will always be a new rider looking to buy used, so you'll be able to get a good bit of your original investment back. </TD></TR></TABLE><br>cd's are garbage right now. i cant tell you how many customers give you this look <IMG NAME="icon" SRC="http://www.vwvortex.com/zeroforum_graphics/screwy.gif" BORDER="0"> when you try to sell a cd with todays rates.<br>
 

·
Registered
Joined
·
1,397 Posts
Re: (40 Rouge)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>40 Rouge</b> »</i></TD></TR><TR><TD CLASS="quote">Okay... you have 10k.<p>Invest 6.5k in some CD's. Right now, rates are low across the board, so do some 6 month or 1 years and let them renew as things (hopefully) get better down the road. Keep that all invested until college.<br></TD></TR></TABLE><p>Oo. Advice from a bank manager hmm? Maybe you can give me some tips? haha.
 

·
Registered
Joined
·
1,026 Posts
had the same issue this February, not as nice of circumstances (Grandmother passed), but a very generous gift non the less.<p>i was all excited and wanted a Stage 1, EST intake and some other goodies. in the end bought the EST intake (little treat for me) and paid off what was left of my car (12K) my Fiances ring (7K) and gave her 5K for just to have (student loans). the rest is invested and saved.<p>so......<p>dont be retarded with the money, but at the same time, enjoy it while your young.<p>id say save/invest at least have.
 

·
Registered
Joined
·
2,457 Posts
Save/Invest man. You'll appreciate it later on more than you will now. Especially when you get a CC and you have $ that needs to be paid off.
 
1 - 20 of 51 Posts
Top