Mugsy90/10
Member
I agree with 444 here. I own a 1967 Chevelle that I have spent countless hours and over $20,000 rebuilding. I could own an MP5 for that easy. I am NOT rich in fact I'm far from it. It comes down to a personal choice.
Many of my friends think I'm nuts for spending 20K on a car that’s almost 40 years old, just as many of them would think its crazy to spend 15k on a MG. But they see no problem with driving two NEW cars each costing 18-25K, going out to eat 2-3 times a week, buying expensive clothes, etc...
It’s a matter of personal choice, nothing more. 15K is an expensive item no doubt about it, but think about it this way:
A 2005 Ford Taurus costs about $15,000
Financed at 5.5%
For a period of 60 months
Comes to a monthly payment of $286.51
286.51 x 60 = $17,191 (This is the total you would pay for this car)
At the end of those 60 months you have a 5 year old car that's worth roughly $3000.00.
This results in a net loss of $14,191.
vs.
Buy a 5 year old Ford Taurus for $3000.00
Save the same amount of money each month (as though you were making car payments) for 60 months.
$286.51 x 60 = $17,191
Minus the initial purchase price
$17,191 - $3000 = $14,191
Figure $3000 in repairs over a five year period.
$14,191 - $3000 = $11,191
Take your 11k and buy a registered MG, a few cases of ammo, mags, etc... Enjoy it for a few years.
Sell the MG for 10k
Sell the car for 1k
This scenario results in a net loss of $6,191.00.
Everyone who can afford to surf the internet, and buy/shoot firearms as a hobby has SOME disposable income. It all comes down to what YOU want to spend YOUR money on.
Many of my friends think I'm nuts for spending 20K on a car that’s almost 40 years old, just as many of them would think its crazy to spend 15k on a MG. But they see no problem with driving two NEW cars each costing 18-25K, going out to eat 2-3 times a week, buying expensive clothes, etc...
It’s a matter of personal choice, nothing more. 15K is an expensive item no doubt about it, but think about it this way:
A 2005 Ford Taurus costs about $15,000
Financed at 5.5%
For a period of 60 months
Comes to a monthly payment of $286.51
286.51 x 60 = $17,191 (This is the total you would pay for this car)
At the end of those 60 months you have a 5 year old car that's worth roughly $3000.00.
This results in a net loss of $14,191.
vs.
Buy a 5 year old Ford Taurus for $3000.00
Save the same amount of money each month (as though you were making car payments) for 60 months.
$286.51 x 60 = $17,191
Minus the initial purchase price
$17,191 - $3000 = $14,191
Figure $3000 in repairs over a five year period.
$14,191 - $3000 = $11,191
Take your 11k and buy a registered MG, a few cases of ammo, mags, etc... Enjoy it for a few years.
Sell the MG for 10k
Sell the car for 1k
This scenario results in a net loss of $6,191.00.
Everyone who can afford to surf the internet, and buy/shoot firearms as a hobby has SOME disposable income. It all comes down to what YOU want to spend YOUR money on.