The negativity to this degree, really isn't necessary guys. Throw insight to the OP but dont scold him? What good will that do. But Bulgari, I think it is within your best interest to pay a good chunk of that debt. If you have other investments which coudl take care of the debt, then simply pay off the debt with the cash on hand, and use those investments for the car of your dreams. You've come far and worked hard no doubt, so why not just dedicate just a tad bit more time into something rational. You have no need to follow my advice or anything of the sort. But just trying to do the most rational thing. Eliminate your debt and then buy the car you desire, I'm sure you've waited long and hard but whats a few extra months as long as you are securing everything so nothing goes wrong. Im not saying throw all of your 160k towards your debt but you could eliminate a good amount of it by paying off a good chunk of it. Regardless, good luck with your decision and I know you'll love either of the 3 cars you mentioned. They are each stunning and magnificent in their own way!

 

oh so your his accountant now? These posts are straight up lame. Don't nurture dreamers.

 

The foolish and uneducated statement is that you have the means to purchase that car. I do apologize for the negativity, I am just amazed that you honestly believe this is a reasonable decision. I don't believe that was an exaggeration at all, to assume that someone in your situation (250k in debt) trying to buy and maintain an exotic car is a careless spender.

 

gallardo is the better choice, should cost you less to own then a 360

 

So you have $160,000 saved up, but you're $250,000 in debt.

That leaves you with $90k in debt if you were to use your savings money to pay off your debt. And you want to spend another $120k on a Gallardo?

I know Obama's state of the union address said that student loan debts will be forgiven after 20 years and all, but he hasn't come up with how he's going to pay for it. They say that the definition of maturity is learning to delay pleasure.

We might sound cruel, but the truth hurts.

 

I didn't know there were so much suze orman's on 6speed. just answer his question.... gallardo, 430 or 360?

Bulgari i'd choose either the 430 or gallardo. its a tough choice though.

 

Thanks to all who have replied.

Like I've stated many times, the 250k worth of education loans do not account for this, I have upcoming investments that will take care of it. A previous poster mentioned to wait until the debt is cleared, then splurge on a car. Advice well taken, thank-you. I shouldn't have even mentioned the debt part, because simply, it really is out of the equation. In a few months there will be no debt, and I will still have 160k in the savings.

I'm test driving a 360 tomorrow, but I'm leaning more towards a 430 or G. I've recently also test driven a 991 and also really liked it. I want to test a 911 turbo as well. I don't want to deviate too much though. Conversely, however, one can say I do not have much experience, and should probably start smaller (with a 911 for example). The issue with that is it leaves me less money in the future to buy a lambo or 430. I'm also wanting to buy an SUV for those occasions that do not suit a g or f.

Regards,

 

I was going to say why not invest the 160K and in a matter of a few years, would have it paid off. By then you could afford a 560 gallardo vs buying now and getting an older model.
How do you KNOW your investments are going to have the student loans paid off in a few months? Even if you have 160K in savings and you drop it all on a car, what are you left with? No savings, but a nice car?

I'd say go with something less like a turbo and in 5-10 years when you've made your money again you can go with the Ferrari or Lamborghini.

 

more Obama-nomics.

 

Were all car guys and that's why were here that said everything that's good in life is worth the wait. It will feel that much sweeter driving a supercar with no student loan lingering ! You made the great decsion to invest in your education now apply that knowledge to your personal life and finaces. Do the right thing and you will sleep better at night and your life will be less stressful allowing you to focus on th things that really matter to you and your work. Just do the right thing.

 

Bulgary, next time, word your post like this:

"Gallardo or F430. which one for daily driver and long term commitment, also, which one is more reliable and less maintenance cost on the long run?"

Once you start saying stuff like: $250K in debt, fresh out of school, $160K savings to be hosed on a car... nothing good can come out of it and everybody is going to start giving you financial advise.
btw, get a porsche GT3RS
joel

 

damn guys the guy asked you for advice on what car to choose not financial advice. if he wants to buy his dream car and can do it who cares. this is a car forum not financial one. that being said, i would definitely go with a gallardo. lambo seems to have made a pretty reliable car. i have owned my for a while with zero problems. i have a friend has own his since 04 and the only thing that he has changed is the clutch and tires. these car are not that expensive for their services. dont let these guys keep you from buying your dream car.

 

+1

Gallardo will be the best option. Less to maintain then a fcar.

 

threads like this are upsetting.
i guess an education and a good paying job arent signs of intelligence after all. so you have been working for 6 months, 250k in debt (regardless if its paid off tomorrow its 250 today) and 160 in savings. welcome to being an average person. you are in no financial standings to own a lambo/ferarri ect.


let me ask you this. when your gallardo needs a 10k visit to the dealer for service (as it will if you want it to be a DD) how do you plan on paying for that?
obama-nomics is right.

do yourself, and the country a favor, dont become another charity case because you lived beyond your means. youhave a long time to own a supercar, dont think you have to rush right out and buy one today. wait until you can actually afford it.

how about a ferrari 308 or something.. you can find them in the 20-30k range. much more obtainable car for you, plus its still a Fcar

 

I assume the school debt is at a very low interest rate.

If so, pay it off in the alloted years and not sooner.

Take the $160K and invest in a company that pays a 12.5% annual dividend that is safe. (i ve been in one for 8 years)

Use the dividend income to pay the monthly payment or lease on the $120K car you are interested in.

you can make it happen with some due diligence.

Cabman