|
Scion FR-S / Toyota 86 GT86 General Forum The place to start for the Scion FR-S / Toyota 86 | GT86 |
|
Thread Tools | Search this Thread |
02-20-2022, 06:06 PM | #15 |
ProCrastinationConsultant
Join Date: Sep 2013
Drives: '14 Ranger, '18 Tacoma 4Dr LB
Location: chicago-ish
Posts: 11,330
Thanks: 35,240
Thanked 13,675 Times in 6,782 Posts
Mentioned: 98 Post(s)
Tagged: 0 Thread(s)
|
I need to more about this life insurance investment plan that pays out $300k in 30 years. I could sure use the money now, but waiting 30 years for it is ok too.
__________________
"The time you enjoy wasting is not wasted time"
|
02-20-2022, 06:19 PM | #16 |
Junior Member
Join Date: Feb 2022
Drives: none
Location: Calgary
Posts: 6
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
|
Well I was at the point where, I really didnt have a choice but to agree because my parents were already signing everything, But I believe I can cancel and get the amount I put into it for the past year.
|
02-20-2022, 06:27 PM | #17 | |
Junior Member
Join Date: Feb 2022
Drives: none
Location: Calgary
Posts: 6
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
|
Quote:
|
|
02-20-2022, 08:24 PM | #18 | |
Car Nut
Join Date: Dec 2013
Drives: BMW 335d, Toyota Echo RS, FRS
Location: Calgary
Posts: 1,557
Thanks: 368
Thanked 603 Times in 346 Posts
Mentioned: 12 Post(s)
Tagged: 2 Thread(s)
|
Quote:
|
|
02-20-2022, 10:24 PM | #19 |
Junior Member
Join Date: Feb 2022
Drives: none
Location: Calgary
Posts: 6
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
|
If all goes well, and I save a good chunk before I turn 18, i might be able to bring that down to 30-40%, really depends on how much I put down on it. Im planning to save atleast 5k which would make the car 10k.Then during gap year, just pay it off. I believe I got it under control as long as I stay focused
|
02-20-2022, 10:31 PM | #20 | |
Senior Member
Join Date: Aug 2020
Drives: 2022 MT Neptune GR86 Prem.
Location: Cincinnati, OHIO
Posts: 492
Thanks: 143
Thanked 315 Times in 199 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Quote:
There are insurance “products” in the U.S. that wrap an investment up with life insurance (generally called “whole life”) such that you have equity in the policy - but I think they are generally a bad idea ESPECIALLY if you are young and single and should have no need for life insurance at all. I really hope your parents haven’t convinced you to purchase life insurance on yourself that names them as beneficiaries. |
|
The Following User Says Thank You to CincyJohn For This Useful Post: | soundman98 (02-21-2022) |
02-20-2022, 10:36 PM | #21 |
Senior Member
Join Date: Aug 2020
Drives: 2022 MT Neptune GR86 Prem.
Location: Cincinnati, OHIO
Posts: 492
Thanks: 143
Thanked 315 Times in 199 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
|
The Following User Says Thank You to CincyJohn For This Useful Post: | soundman98 (02-21-2022) |
02-20-2022, 10:37 PM | #22 | |
Junior Member
Join Date: Feb 2022
Drives: none
Location: Calgary
Posts: 6
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
|
Quote:
I really dont know honestly, all I know is I could either withdraw it when I turn 30 or keep it and withdraw once I wanna retire. |
|
02-20-2022, 11:15 PM | #23 |
Senior Member
Join Date: Nov 2020
Drives: 2020 BRZ/86, 2020 BMW 330i
Location: PNW, USA
Posts: 292
Thanks: 196
Thanked 172 Times in 104 Posts
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
|
FWD cars suck. Stay away from them.
|
The Following User Says Thank You to Arthur-A For This Useful Post: | Teseo (02-21-2022) |
02-20-2022, 11:45 PM | #24 |
Senior Member
Join Date: Feb 2013
Drives: car
Location: usa
Posts: 2,162
Thanks: 1,028
Thanked 867 Times in 530 Posts
Mentioned: 35 Post(s)
Tagged: 1 Thread(s)
|
@karl_boss
I graduated high school 20 years ago and was gifted a Toyota Camry by my parents. It was cheaper on fuel, tires, and insurance than the 86 / FR-S / BRZ. I could fit more people in the 4-door car and go on road trips. I didn't have to worry about keeping it washed and waxed and wiped down all the time. It was a much easier to leave that car parked in campus parking lots for hours than my BRZ is. And it was easier to blend in when I needed to. I wouldn't get a BRZ unless I had excess income, saved money for down payment. BRZ's are not cheap. If insurance in Canada doesn't convince you, the other maintenance and fuel costs will. |
02-21-2022, 03:17 PM | #25 | |
Senior Member
Join Date: Aug 2020
Drives: 2022 MT Neptune GR86 Prem.
Location: Cincinnati, OHIO
Posts: 492
Thanks: 143
Thanked 315 Times in 199 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Quote:
Put it this way, assuming a pretty decent 8% return on investment, and assuming a straight up investment with no life insurance component, you would have to invest $875 a month to have $300,000 principal after 15 years. |
|
The Following User Says Thank You to CincyJohn For This Useful Post: | soundman98 (02-21-2022) |
02-21-2022, 04:13 PM | #26 |
Senior Member
Join Date: Jul 2019
Drives: 2020 Toyota 86 GT 6M
Location: Edmonton, AB
Posts: 413
Thanks: 298
Thanked 270 Times in 137 Posts
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
|
Also gotta put aside money for a set of winter steelies and rubber too seeing as you're in Calgary. Insurance for sure will be what kills you imo. There are slightly older guys in their 20s with longer driving experience who pay an arm and a leg for insuring their frs/BRZ.
__________________
|
02-21-2022, 07:32 PM | #27 | |
ProCrastinationConsultant
Join Date: Sep 2013
Drives: '14 Ranger, '18 Tacoma 4Dr LB
Location: chicago-ish
Posts: 11,330
Thanks: 35,240
Thanked 13,675 Times in 6,782 Posts
Mentioned: 98 Post(s)
Tagged: 0 Thread(s)
|
Quote:
and then 4 months into that plan someone else blows a stop sign.
__________________
"The time you enjoy wasting is not wasted time"
|
|
02-22-2022, 02:15 PM | #28 |
Senior Member
Join Date: Sep 2013
Drives: Scion FR-S Series 10 #2462
Location: Redondo Beach, CA
Posts: 872
Thanks: 3,030
Thanked 544 Times in 315 Posts
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
|
Don't overthink it; if you like it, buy it. Deal with the problems when they come up.
When it comes to used cars, you can usually tell right away if the previous owner has taken care of it. Things like uneven paint, weird panel gaps, grungy engine bay, interior carpets that are faded, all the usual signs that the car has been neglected. you can also do a car history for mechanical maintenance records. Good luck! |
|
|
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
SOLD FS OLM Wide Angle Heated Mirrors Blue Scion FR-S 2013-2016 / Subaru BRZ 2013+ / | e30cabrio | Exterior Parts (Aero, Lighting, Etc.) | 1 | 04-27-2021 01:22 PM |
HKS Legamax Premium Series Catback Exhaust - 2013-2016 FR-S/2017+ 86/2013+ BRZ | burgeralert | Engine, Exhaust, Bolt-Ons | 2 | 11-15-2020 10:08 AM |
Cricket-Fest 2013!! Calling All FT86s! Pure's Last Meet and Dyno Day of 2013! | Pure Automotive | Mid-Atlantic | 274 | 10-15-2013 10:48 AM |
2013 FT86CUP *bonus round* Streets of Willow Springs, 5/26/2013 | CSG Mike | Tracking / Autocross / HPDE / Drifting | 47 | 05-24-2013 01:14 PM |
Takeda Intake System; Stage 2 Wrinkle Black; PRO 5R; Scion FR-S 2013 H4-2.0L TM-2013 | AMPLIFIED MOTORSPORT | Engine, Exhaust, Bolt-Ons | 16 | 10-03-2012 08:03 PM |