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  • 1996 - 2004 SN95 Mustang -General/Talk-

tax returns kick ass!!!!

  • Thread starter Thread starter SaleenGT2001
  • Start date Start date Feb 21, 2006
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SaleenGT2001

Well-Known Member
Jul 18, 2005
2,811
4
58
Four Oaks NC
Feb 21, 2006
#1
  • Feb 21, 2006
  • #1
well my federal return came in today i just paid off my 4 wheeler loan!!! well the only thing standing between me and my KB is a little matter of $570. so i am needing some opinions on what i should do next. should i

finish paying off the loan and then build the 8.8, then take the loan for the KB

get the loan for the KB and enough extra to pay off the loan and rear end

and also should i buy the KB and install it myself $5200 plus the tune or buy the MPH KB kit for $6300 and just drop it off to get done??

i dont think the install woudl be too hard. i'm pretty good at that kinda stuff. what do ya'll think???
 

alsyr44

New Member
Jul 28, 2003
54
0
0
Charlotte, NC
Feb 21, 2006
#2
  • Feb 21, 2006
  • #2
Pay off all your debts for anything you may owe money on. Then start saving. Taking out loans to do car mods doesnt seem like a very smart financial desicion.

If you are getting a lot of money back from a tax return, then you are losing an opprotunity to let the money work for you during the year. I dont think it is a good deal to loan the government a bunch of money for free.
 

SaleenGT2001

Well-Known Member
Jul 18, 2005
2,811
4
58
Four Oaks NC
Feb 21, 2006
#3
  • Feb 21, 2006
  • #3
well i know it would take me at least 2 years to save enough cash to but the KB straight out. the reason i'm wanting to get everything now is b/c i'm getting married in september. i want to get all this stuff done before i get hitched, while i still can!!!! i just called KB and the total price is $5632 for the 1.7 IC kit with the big tube intake 90mm mass air and switch chip.
 

Built98GT

New Member
Oct 17, 2005
211
0
0
OKC
Feb 21, 2006
#4
  • Feb 21, 2006
  • #4
alsyr44 said:
Taking out loans to do car mods doesnt seem like a very smart financial desicion.
Click to expand...

+1
 
K

Kilgore Trout

Fried or Broiled ?
10 Year Member
Mar 30, 2005
4,749
95
134
Feb 21, 2006
#5
  • Feb 21, 2006
  • #5
Bad idea to borrow money for mods.

That being said I think you should self install the KB
 

SaleenGT2001

Well-Known Member
Jul 18, 2005
2,811
4
58
Four Oaks NC
Feb 21, 2006
#6
  • Feb 21, 2006
  • #6
i saw that there was a write up on the install a few months ago. does anyone have the link to it?? and is there any hidden costs i should be looking for???
 

H8IT4U

New Member
Dec 8, 2005
48
0
0
Mississippi
Feb 21, 2006
#7
  • Feb 21, 2006
  • #7
I know the feel dog but don't do it pay your stuff first. it feels better to own something rather borrowing to get it. Quit letting the government borrow your money for free too
 
K

Kilgore Trout

Fried or Broiled ?
10 Year Member
Mar 30, 2005
4,749
95
134
Feb 21, 2006
#8
  • Feb 21, 2006
  • #8
1) anytime anyone brags abouttheir tax return, people always tell them they are getting their own money back... as if anyone does not know that

2) anytime anyone talks about borrowing money for mods everyone tells them bad idea... its true, best not to mention that if you do not want to "hear it"

3) Kenne Bell install: http://www.modulardepot.com/?show=articlesdet&aid=51

4) the KB is a complete kit, everything is included even the tune
 

speedfreak98r

Banned
Jan 31, 2006
0
0
0
Houston Area
Feb 21, 2006
#9
  • Feb 21, 2006
  • #9
How long

About how long did it take for you to get your tax return back?..Just wondering; I'm waiting on a juicy one.
 

Crzyhrse

Active Member
Dec 23, 2004
0
2
38
Seattle, WA
Feb 21, 2006
#10
  • Feb 21, 2006
  • #10
speedfreak98r said:
About how long did it take for you to get your tax return back?..Just wondering; I'm waiting on a juicy one.
Click to expand...

I sent in my tax return the 3rd week of January and got my check last week.
 

SaleenGT2001

Well-Known Member
Jul 18, 2005
2,811
4
58
Four Oaks NC
Feb 21, 2006
#11
  • Feb 21, 2006
  • #11
3 weeks after i e-filed both were here
 

mineralgray2002

New Member
Dec 4, 2005
33
2
0
Centralia, Illinois
Feb 21, 2006
#12
  • Feb 21, 2006
  • #12
And yet i still get $0 tax return because i dont file, sucks being unemployed and full time student.
 

Gearbanger 101

Straight Outta Locash
20+ Year Stangneter
Aug 10, 2002
9,457
1,377
234
Ontario, Canada
Feb 21, 2006
#13
  • Feb 21, 2006
  • #13
I'm still waiting for one of my T4's
 

SaleenGT2001

Well-Known Member
Jul 18, 2005
2,811
4
58
Four Oaks NC
Feb 21, 2006
#14
  • Feb 21, 2006
  • #14
that sux, i did mine as soon as i got all my w-2's
 
R

RedGTvert

Founding Member
Nov 21, 1999
3,129
1
58
Wellington, FL
Feb 21, 2006
#15
  • Feb 21, 2006
  • #15
Kilgore Trout said:
1) anytime anyone brags abouttheir tax return, people always tell them they are getting their own money back... as if anyone does not know that
Click to expand...

You are so correct.

If you are getting that kind of money back, you need to get someone to help you out. All that means is you gave the government an interest free loan for the whole year.

I'd rather have that money in a Mutual fund, heck even in a money market account making me money instead of lending it for free.
 

04DarkShadowGT

Member
Jan 31, 2004
474
0
17
Fort Wayne, IN
Feb 21, 2006
#16
  • Feb 21, 2006
  • #16
You cant be seriously considering taking a 6K loan or so for a KB. What happends if you total your car and then you will be paying a loan for however long on a KB for a junk car.
 

alsyr44

New Member
Jul 28, 2003
54
0
0
Charlotte, NC
Feb 21, 2006
#17
  • Feb 21, 2006
  • #17
I dont mean to be a negative nancy.....but you want to get this loan for the mods before you get married because you are afraid the wife might not go for it?

I dont know man....maybe you should get married first, let things settle, and re-evaluate. How would you feel if your wife to be told you...oh yeah....we've got to pay this 6K loan I got before we got married for shoes and clothes?

I think it would be nice to use that money for a house or something, get some equity built up, sell the house and use that money for a KB.

I feel where you are at though. I had a mustang fund saved up, then I bought a house, then I had it built back up again, and bought an engagement ring for the lady.

There are more imporant things in life then a fast car.

Either way....best of luck to you.
 

SaleenGT2001

Well-Known Member
Jul 18, 2005
2,811
4
58
Four Oaks NC
Feb 21, 2006
#18
  • Feb 21, 2006
  • #18
well i'm 22 and i already own a house. it was left to me by my aunt and uncle when i was 18. we have 4 vehicles 3 of which are paid off and the only car payment i have is on my stang and there is only 10 k left. i have the extra cawsh to spare but i just cant save up $6,000. i just paid off my 4 wheeler. that was a $7000 loan paid in full in less than a year when it was financed for 3. i just cant believe that everyone has paid cash for all their supercharger and engine mods!! i'm great at paying bills early, but cant save money for ****.
 
0

01Steeda

New Member
May 29, 2005
732
0
0
Baton Rouge, LA
Feb 21, 2006
#19
  • Feb 21, 2006
  • #19
alsyr44 said:
There are more imporant things in life then a fast car.
Click to expand...


Blasphemy!!!!!
 

SaleenGT2001

Well-Known Member
Jul 18, 2005
2,811
4
58
Four Oaks NC
Feb 21, 2006
#20
  • Feb 21, 2006
  • #20
i really want to know if everyone really pays cash for their MAJOR mods. i just cant see how anyone could drop $6000 cash money for a KB!!
 
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