If you had the money...

Shiroelex

There's nothing worse than aut

Founding Member

Aug 23, 2001

728

1

27

Westland, MI

Aug 19, 2009

#1

• Aug 19, 2009

• #1

Would you pay your car off, or buy a blower? I have no issue at all making my monthly payment, and will be coming into a small bit of cash soon. Should be around 6 grand, and I owe about 5 on the car still. I REALLY want to put a KB on the car.

 

VEE EIGHT

Member

Apr 27, 2009

85

0

6

Texas

Aug 19, 2009

#2

• Aug 19, 2009

• #2

Well seeing as my car is already paid off........

 

hillbilie5.0

Member

Jan 8, 2006

38

0

7

auburn, ca

Aug 19, 2009

#3

• Aug 19, 2009

• #3

well we all know the smart thing would be to pay the car off, no question about that. now the question is should you do the smart thing or the thing that you want to do. if i were in this position i would be ordering a blower right now, and probably screw myself over later on down the road, but ahh hell with it blowers are cool!

 

B

Barnaby

Founding Member

Dec 2, 1999

596

0

0

Albuquerque, NM

Aug 19, 2009

#4

• Aug 19, 2009

• #4

What's the interest rate on your loan? It may not make that big of a difference anyway though. If you only owe ~$5K, you're not really paying that much in interest anyway, maybe another $300ish over the term of the loan.

So you could pay it off and save that interest money and put aside what you would be making in payments and wait to buy the blower or say screw it and realize that you're only spending an extra $300 in interest to get the blower now.

Fair warning (like this has never been said before)....blower cars are more apt to break than a near stock car. IMO a blower on a broken car that you're making payments on would suck worse than an paid for NA car with a grip of cash in the bank.

 

Tim2002GT

Founding Member

Apr 10, 2002

635

4

29

Tulsa, Oklahoma

Aug 20, 2009

#5

• Aug 20, 2009

• #5

I would like to say I would pay mine off, but $6k doesn't come my way too often and it would be very tempting to get the twinscrew! That or trade it in for an '03/04 Cobra and throw a couple thousand in for a down payment.

 

tag4car

Member

Nov 21, 2005

0

0

16

Birmingham AL

Aug 20, 2009

#6

• Aug 20, 2009

• #6

pay it off, having to strip the parts you put on a totaled car sucks..

 

Pearl02

Member

Nov 27, 2004

496

0

16

Kansas City

Aug 20, 2009

#7

• Aug 20, 2009

• #7

Pay it off. It's nice not having a car payment. It's very tempting to say the least. Pearl02.

 

K

Kilgore Trout

Fried or Broiled ?

10 Year Member

Mar 30, 2005

4,749

95

134

Aug 20, 2009

#8

• Aug 20, 2009

• #8

Shiroelex said:

Would you pay your car off, or buy a blower? I have no issue at all making my monthly payment, and will be coming into a small bit of cash soon. Should be around 6 grand, and I owe about 5 on the car still. I REALLY want to put a KB on the car.

Click to expand...

Pay it off and be happy with what you have.

 

bhuff30

Founding Member

Dec 11, 2001

6,037

35

129

Olathe KS

Aug 20, 2009

#9

• Aug 20, 2009

• #9

Calculate the interest you would save by paying it off now instead of making the normal payments. Paying intrest is a huge waste of money and you end up with nothing in return. Then, imagine what you could buy with that intrest money instead of simply handing it to the bank for nothing in return.
What if you bought the blower instead of paying off the car and something broke? The repair bill would be substantial and you'll be SOL because you still owe money on the car and have nothing to drive.

 

deftsound

Please ask me how much my supercharger cost

Apr 6, 2004

945

1

39

Texas City TX

Aug 20, 2009

#10

• Aug 20, 2009

• #10

Make a compromise, spend half paying your car off and the other half save for a kb...or go ahead and get longtube headers because your going to want them by the time you have a blower...

 

C

cerhard

Member

May 4, 2004

35

0

6

Tempe, AZ

Aug 20, 2009

#11

• Aug 20, 2009

• #11

pay it off. You can save part of the money that used to be your car payment each month. And soon enough you will have enough for a blower.

 

SCalla1384

New Member

Oct 14, 2008

33

0

0

Aug 20, 2009

#12

• Aug 20, 2009

• #12

Id go with a Kenne Bell. Like you said you have no problem making the payments, then treat your self to a nice Kenne Bell man.

 

Shiroelex

There's nothing worse than aut

Founding Member

Aug 23, 2001

728

1

27

Westland, MI

Aug 20, 2009

#13

• Aug 20, 2009

• #13

I did the math, and it looks like if I paid it off now, I would save a little over $200 in interest. This kind of scratch doesn't show up in my life like this very often, so I have been hovering around KB's website a LOT. Everytime I think I am going to place the order, I daydream about wrapping the car around a pole on the first drive after the install. Damn you, rational thinking!

 

SCalla1384

New Member

Oct 14, 2008

33

0

0

Aug 20, 2009

#14

• Aug 20, 2009

• #14

lol. You cant think like that though. If your a responsible driver then youll be ok. The only way youll wrap it around a pole is if your driving like an a**whole. That could happen with any car, supercharged, turbo'd, nitrous, or a bonestock GT. The power will take alittle to get used to. Itll be like your first pretty fast car, just get used to the power, then youll know how to drive it.

 

0

007

Founding Member

Jan 29, 2002

3,287

24

69

Broke

Aug 20, 2009

#15

• Aug 20, 2009

• #15

Mines been paid off for years, and although I'll buy a blower one day, I'm not ready yet. Its a lot of money, and I have other stuff I'd prefer to buy rather than making the stang faster right now. IMO Its totally up to you.

Car payments suck. Whats your interest rate on that loan?

EDIT: If it only saves 200 in interest, then who cares. Do you want to A: Have no loan payment, or B: pay loan payments and have blower. Up to you my friend.

 

'13_ImpactBlue_GT

Angry Little Elf

Mar 30, 2005

872

2

98

Where the men are men and the sheep are nervous

Aug 20, 2009

#16

• Aug 20, 2009

• #16

Pay her off then get a 2.6 KB

 

B

blubullett

Member

Jun 22, 2006

535

6

18

Modesto, CA

Aug 20, 2009

#17

• Aug 20, 2009

• #17

It is a lot harder to save 4 grand for a blower then it is to keep making your monthly payments. I say go for broke and get the blower, then always park it in the garage so they can't repo it.

 

K

Kilgore Trout

Fried or Broiled ?

10 Year Member

Mar 30, 2005

4,749

95

134

Aug 21, 2009

#18

• Aug 21, 2009

• #18

Equipping a blower will start a mod domino effect you will spend much more than you expect...

Resist the urge to spend your money like it is burning a hole in your pocket.

 

A

ArkansasMystic

New Member

Feb 16, 2007

43

0

0

Aug 21, 2009

#19

• Aug 21, 2009

• #19

It sounds to me like the same amount of money will be spent either way. Personally, I'd get that thing paid off, set the extra aside, and then each month take what you would be making as a car payment and put that back for the KB.

 

G

GettinThere

Member

Jul 29, 2005

553

1

19

Central Texas

Aug 21, 2009

#20

• Aug 21, 2009

• #20

Shiroelex said:

...I have no issue at all making my monthly payment, and will be coming into a small bit of cash soon. Should be around 6 grand, ... I REALLY want to put a KB on the car.

Click to expand...

Fuggit, get the KB, that's what I would do.