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what's too much on a midlife crisis car?
- Thread starter Texas97
- Start date
Roc Doc
2A SNBI
Love, love, love, those early Rivs. A Skylark GS is also on my radar.monday morning dreaming..... getting a little closer....
1964 Buick Riviera LSA Supercharged Restomod | eBay
Vehicle Original VIN : 000000007K1172207 <br>Earth Motorcars is excited to offer this amazing: 1964 Buick Riviera LSA Supercharged RestomodFeatures Include:Ground Up Restoration 2020PPG Jst Black PaintGM 6.2L LSA Engine with Edlebrock Supercharger4L60E Automatic TransmissionRestored...www.ebay.com
Roc Doc
2A SNBI
What makes MCs cool is how far back the drivetrain is mounted in the chassis
WTF?
degenerate at large
Really, 99.9%?! Maybe 50, and hell, I wouldn’t give you too hard a time if you said 75%, but you think 99.9% of the {developed} world population {that is developed enough to be considering a third 'fun' car} doesn’t have $100k in savings/ investments/ liquid assets???
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SoylentGreen
Piracy for fun and profit
And John DeLorean was instrumental in getting them to market as an executive's muscle car. They handled a lot better than a car that big should.
AKnate
Icehole
- Joined
- Mar 5, 2022
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- 4908
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- 1,263
Dunno about world, but US is something like 60% can't even cover a $1000 emergency.
[memphis]
Web wheeler
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If you read the quote I responded to it says $100k liquid. In the bank…. Ready to be withdrawn now. Not counting investments or savings.
Cumulatively… between savings, investments, work RRSP/pension plans I’m still short that $100k. I’m not combining my spouses account in his threshold limit. He didn’t specify individual or joint accounts… I’m making an assumption.
So yes I’m betting 99.9% don’t have 100k cash hiding in their home or sitting in a bank account that isn’t used for savings.
Blacksheep10
Well-known member
- Joined
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- Member Number
- 91
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Agree with Memphis, but I’ll back it down to 99.5% to be Waaaay safe.
Wheelerfreak
Stunningly Average
I think it’s a whole lot closer to 99% than it to 75%. Like AKnate said, I’ve read most people don’t have enough in the bank to cover an unforeseen expense like a new appliance, much less $100k for a car.
Sceep
🖕___ 😆___ 🖕
Correct.
Per a quick google search 85% of the world's population lives on less than $30 per day.
Hell, I bet 99% of the members here don't have $100k in liquid.
that Riviera i think needs a new rim/tire combo. A little smaller diameter rim with more rubber i think would look a little better. maybe im old fashioned. im drooling over it anyway.
![[486]](https://data.irate4x4.com/avatars/m/0/94.jpg?1700178133){kind=avatar}
[486]
ugh, that guy again?
huh, here I have them permanently associated with trailer parks
WTF?
degenerate at large
well yeah, even if youre a multi millionaire, investment theory/ allocation says you dont keep a ton of money in low/non-interest bearing accounts. What's different than investments{outside of a retirement account} or savings?
I'm excluding the primitive and/or third world populations from consideration in the discussion {because the majority don't have enough in the bank to buy a fast food combo meal, much less a recreational automobile}, and we're talking about the population living in a developed nation who are desiring/ seriously considering the purchase of a third vehicle for 'fun' purpose.
doing some end of year estimating with company receipts, billing, A/R... looking like this car dream may need to wait 6-8 months.
Mikenike
Pissing off the internet
Wrong vintage monte carlo
AKnate
Icehole
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- 4908
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- 1,263
One place I worked a few people would be begging the office guy for paychecks early so they could eat... and it'd be gone within days on Starbucks, Wendy's, booze, etc.
Then me... I'd remember to go over to the office and they'd be half pissed cause I had a couple checks sitting there. Some of that though cause we worked 1800 to 0600 7 days and the office only open 9-5 M-F. Wasn't driving an hour each way just for a check.
Didn't "need" the money, bills all covered and it's just going to savings anyhow.
Nice thing about working multiple jobs, not all my eggs are in 1 basket.
Those riviera’s are sexy! 
pinchegringo
Well-known member
Sexy but pointless,you'll be bored with it in a month and it will sit collecting dust till you're tired of putting tires,batteries and tags on it.
Then you will have to deal with selling it and fuckheads calling all day.
Then you will have to deal with selling it and fuckheads calling all day.
Penetrode Offroad
Red Skull Member
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Huh, thats neat.
I attribute them to the donk crowd.
The white mexican has spoken.
Blacksheep10
Well-known member
- Joined
- May 19, 2020
- Member Number
- 91
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- 495
I think my buddy’s just sits……… but so do the 8 other cool AF rides he has🤷♂️
Another friend has a 50’s caddy and a 69 chevelle pro tour style, TT big block 4 figure HP and he drives both almost weekly, more when nice out.
ETA, both are late 40’s with jobs/companies and kids in the house
WTF?
degenerate at large
with the business in play, it may be tax advantageous to look at a lease.
The Simple Lease - Premier Financial Services
The Premier Financial Group Simple Lease for luxury automobiles is easy to get into. Easy to be in. And easy to get out of. It’s that simple.
www.premierfinancialservices.com
i guess i dont understand. you think the Riviera is pointless or any car of similar vintage is pointless?
with the business in play, it may be tax advantageous to look at a lease.
Its probably geared towards the collector car end of the spectrum vs the resto mod posted, but worth an exploratory call.The Simple Lease - Premier Financial Services
The Premier Financial Group Simple Lease for luxury automobiles is easy to get into. Easy to be in. And easy to get out of. It’s that simple.
business is "in play" because my income is tied to it. which is fine, thats the way it works.
that simple lease deal looks interesting. i wonder what the catch is? they dont agree on the value? sky high interest rate? HUGE balloon payment at the end of the term?
its interesting.
Point was just having double the cash for a "toy"....if you've got $50k liquid, spend $25k on the toy...if you've got $20k liquid, spend $10k on the toy, etc.
If you don't have any cash liquid, you shouldn't be spending money on a toy. For me personally I extend that also to daily drivers, thus I'm not taking a huge car note that I'm upside down on the moment I drive the vehicle off the lot...but I get that for most people that isn't an option (per say, take public transit, buy a $5k shit box rather than a $50k new vehicle, etc.).
WTF?
degenerate at large
correct, with a business at your disposal, you can potentially expense substantially all of the lease payments.
As I understand it, they do have balloon payments at the end, but theoretically there is residual value/ equity in the vehicle to sell and unwind from it.
I'm not affiliated with them nor have I used them, but the exotic enthusiast youtube guys pitch them on ridiculous purchases that they want to exploit IRS loopholes with, and I love a good tax shelter/reduction strategy that weaponizes their own policies against the IRS.
no chance of this happening
Roc Doc
2A SNBI
Agree. You don't need to put dubs on every retromod. There's a company that makes 17" wheels that look just like early 70's rally wheels, gives you more tire choices and doesn't look out of place.
Projectjunkie
Whatever
As far as cars not being driven...
My suggestion is to make cars more a driver than a toy, an old boss was restoring a 67 f100 4wd, I ran him thru a bunch of tech and tips, but implored him to put AC in it ftom the very beginning. Spend that fucking money now. Otherwise it'll sit April to October, then in October the battery will be dead and the carb will be fucked, you'll deal with it after Halloween. After Thanksgiving. After Christmas. After new years. It's cold in the garage.
Now you've got March
(Posting pic because it's pimp)
I saw a red f100 on the road a couple years later and flagged him down, it turned out nice, and had AC
I suggest
AC good brakes, overdrive, 300-450hp efi, comfy interior (doesn't need to be pimp, but comfy)
That's a car that gets driven while the monster sits in the corner getting stale because it's too much prep work for a busy guy to drive to work on Friday
*add turnkey reliable hp as funds allow
My suggestion is to make cars more a driver than a toy, an old boss was restoring a 67 f100 4wd, I ran him thru a bunch of tech and tips, but implored him to put AC in it ftom the very beginning. Spend that fucking money now. Otherwise it'll sit April to October, then in October the battery will be dead and the carb will be fucked, you'll deal with it after Halloween. After Thanksgiving. After Christmas. After new years. It's cold in the garage.
Now you've got March
(Posting pic because it's pimp)
I saw a red f100 on the road a couple years later and flagged him down, it turned out nice, and had AC
I suggest
AC good brakes, overdrive, 300-450hp efi, comfy interior (doesn't need to be pimp, but comfy)
That's a car that gets driven while the monster sits in the corner getting stale because it's too much prep work for a busy guy to drive to work on Friday
*add turnkey reliable hp as funds allow
XtremeJ
Wanker
I would question anyone who does have $100K liquid, like why are you not earning money with your money?
Just does not seem like smart money management to me. i get to move some large amounts around at times, and even then I am thinking about my money making money even if it is just in an account for 48 - 72 hours. Even an amount of $100K a daily interest is not insignificant, so to have $100K in an account immediately available probably means you are not reaching max earning potential with your capital
Unless you are Elon or Jeff or Gary in which case $100K is walking around money.
As far as cars not being driven...
My suggestion is to make cars more a driver than a toy, an old boss was restoring a 67 f100 4wd, I ran him thru a bunch of tech and tips, but implored him to put AC in it ftom the very beginning. Spend that fucking money now. Otherwise it'll sit April to October, then in October the battery will be dead and the carb will be fucked, you'll deal with it after Halloween. After Thanksgiving. After Christmas. After new years. It's cold in the garage.
Now you've got March
(Posting pic because it's pimp)
I saw a red f100 on the road a couple years later and flagged him down, it turned out nice, and had AC
I suggest
AC good brakes, overdrive, 300-450hp efi, comfy interior (doesn't need to be pimp, but comfy)
That's a car that gets driven while the monster sits in the corner getting stale because it's too much prep work for a busy guy to drive to work on Friday
*add turnkey reliable hp as funds allow
which is why i am eyeing a turnkey restomod. reliable high HP, fuel injection, modern transmission (Tremec 5 or 6 speed, or late model auto), A/C, "vintage" look radio with BT, upgraded suspension, etc. I want a driver that i enjoy driving.
and yes, it would be my Friday commuter and weekend going to town car. "hey kids, lets go get ice cream" on a saturday/sunday afternoon. Sunday church? sure. date night with my wife? absolutely.
anyway i get it. would love to be able to have it available to drive.