1. Welcome to Tacoma World!

    You are currently viewing as a guest! To get full-access, you need to register for a FREE account.

    As a registered member, you’ll be able to:
    • Participate in all Tacoma discussion topics
    • Communicate privately with other Tacoma owners from around the world
    • Post your own photos in our Members Gallery
    • Access all special features of the site

$20k and what to do with it

Discussion in 'Off-Topic Discussion' started by nathandex, May 14, 2011.

  1. May 14, 2011 at 12:21 PM
    #1
    nathandex

    nathandex [OP] Well-Known Member

    Joined:
    Aug 1, 2010
    Member:
    #41088
    Messages:
    71
    Gender:
    Male
    First Name:
    nathan
    illinois
    Vehicle:
    02 sr5
    Ok so I have a long sorta convoluted question.
    I have 20 thousand I am willing to spend on my vehicle situation...

    I am a full time student (or will be soon) and a, what you could call, starving artist. My income (aside from savings which I don't want to touch) will only be around 800 dollars a month. After my bills this will leave me with about 300 dollars a month= I don't want to have a car payment.

    I currently drive a 2002 Tacoma TRD with 160some thousand miles on it.
    My Options: (and I am looking for longevity and cash savings while still getting a little of what I want)

    1. Keep my Tacoma and buy some extra goodies for it. Save what money is left over.(I just worry about my frame-it passed inspection when I was thinking it would not, and the high miles on it worry me as well)

    2. Keep my Taco and buy a cheap efficient car or motorcycle. My prob here is keeping up on maintenance on 2 cars instead of one. And if I got a bike and my truck broke down during the winter it would be RLY cold lol.

    3. Buy a newer 4 banger Taco (reg cab) with fewer miles and try to sell my 2002, problems and all. My big problem here is losing out on the money I will not make back from my current Taco.

    Any opinions? Or options I didn't think of?
     
  2. May 14, 2011 at 12:33 PM
    #2
    Bird

    Bird Well-Known Member

    Joined:
    Mar 14, 2011
    Member:
    #53038
    Messages:
    85
    Gender:
    Male
    First Name:
    Jay
    Vail, CO
    Vehicle:
    '11 MGM DCLB TRD Sport
    So you are making less than 10 grand a year and you are considering putting 20k into a truck? I think you should delete your TW account and block the website on your browser.
     
  3. May 14, 2011 at 12:34 PM
    #3
    rbeezy

    rbeezy Well-Known Member

    Joined:
    Sep 15, 2010
    Member:
    #43325
    Messages:
    3,328
    Gender:
    Male
    First Name:
    Ron
    Bay Area
    Vehicle:
    2011 Tacoma SR5
    imho, go with #1. keep your current taco, mod it out to make it just the way you want it, then put the rest into savings.

    #2 unless you REALLY need a 2nd car, i wouldnt go that route. in the end, its just a waste of money.
     
  4. May 14, 2011 at 12:38 PM
    #4
    11B4X4

    11B4X4 Well-Known Member

    Joined:
    Dec 20, 2010
    Member:
    #47985
    Messages:
    149
    Gender:
    Male
    Northern VA
    Vehicle:
    2006 tacoma 4x4, Black
    Trd intake, Doug Thorley offroad headers, magnaflow exhaust, RBP running boards, 2.5In spacer, URC O2 simulator, 5100's all around
    save your 20K, and drive your current taco until the wheels fall off!!!

    even if it has high miles the money you saved can be used to fix any future problems.
     
  5. May 14, 2011 at 1:04 PM
    #5
    nathandex

    nathandex [OP] Well-Known Member

    Joined:
    Aug 1, 2010
    Member:
    #41088
    Messages:
    71
    Gender:
    Male
    First Name:
    nathan
    illinois
    Vehicle:
    02 sr5
    @Bird..I WILL be making that much, I make much more now, and have a nice account set up for myself to fall back on if I have to. I am choosing to downgrade on my living situation to pursue what I really want to do. I am not a moron and comments like those are really annoying. You have no idea who I am and are assuming.

    @rbeezy and 11B4X4, Yea I kinda think that would be the wise way to go, I just need some help convincing myself lol. I am not used to having to budget very much, and have a change coming...That probably is what I will wind up doing....gah...decisions decisions....
     
  6. May 14, 2011 at 1:07 PM
    #6
    jdkeller

    jdkeller How many words can be fit in this s

    Joined:
    Nov 26, 2008
    Member:
    #11040
    Messages:
    12,983
    Gender:
    Male
    First Name:
    Jonathan
    Inland Empire, Ca
    Vehicle:
    2008 Tacoma Prerunner TRD Offroad
    Dome light LED, 6000k HID Headlights and fogs, Grillcraft black mesh, rear 5100's, Total Chaos UCA's, 285/75/16 BFG KM2's, Spidertrax spacers, Blacked out emblems, cb,kenwood tm270 ham radio, All Pro 3" leaf pack, Fox 2.0 coilovers, Revenge Fab Sliders, u bolt flip kit, Pioneer avh4200, bed bar with light and antenna, Wet Okoles, Weathertech Mats, Wet Okole Armrests, Rear KR Fab bumper, bed mat, N-Fab spare tire carrier with full size spare on 16" TRD rim, Bedlinered flares and grille. Camburg Spindles, All Pro front fenders.
    Buy one of those ninja 250's. Great gas mileage and are pretty cheap. That will leave you with plenty extra in case the truck needs some work.
     
  7. May 14, 2011 at 1:10 PM
    #7
    nathandex

    nathandex [OP] Well-Known Member

    Joined:
    Aug 1, 2010
    Member:
    #41088
    Messages:
    71
    Gender:
    Male
    First Name:
    nathan
    illinois
    Vehicle:
    02 sr5
    That's actually exactly the bike I was thinking, but being as tall as I am I think I would look more than comical on one. Haha...One of my friends has a 650 and would probably laugh her ass off at me on a 250...could maybe find a used 650 for the same price as a new 250 though....
     
  8. May 14, 2011 at 1:10 PM
    #8
    Brunes

    Brunes abides.

    Joined:
    May 31, 2008
    Member:
    #7011
    Messages:
    17,641
    Gender:
    Male
    First Name:
    Rotorhead
    DC or New Jersey - Depends on the day....
    Vehicle:
    08 Red/Graphite and Satin Black
    Inside: Tint, Wet Okole 1/2 Piped Red/Black Covers, Black Weathertech Digital Fit Mats, URD Short Throw w/ TWM Weighted Knob, USA Spec iPod adapter. Outside: 4300K Retro w/ Angel Eyes and Red Shrouds, 5000K Blazer Fog Light Retrofit, Debadge, Bed Locking Handle, Satin Black Rims Performance: TRD/Steigmeier Blower w/ 2.7 Pulley. 668 Injectors and 320 LPH AEM Fuel pump. URD UCON and 7th Injector. DTLT Headers, URD Y-Pipe, Wicked Flow Muffler. Suspension: Both: OME Shocks Front: 886X's and TC UCAs Rear: Dakars Armor: Relentless Front Bumper Relentless High Clearance Rear w/ Tire/Rotopax Swing Out Relentless Front, Mid, and TCase skids BAMF Diff Skid Recovery and Spares: Fullsize Spare Tire 2x2 gal Rotopax 1x1 gal Rotopax 1x1 gal Water Rotopax Warn 9.5XP-S Winch Hi-Lift Extreme 60" Ironman Off-Road Recovery Kit
    You really can't get bent outta shape- Spending up to 20K and then jumping into a completely different and lower cash flow lifestyle just DOESN'T make sense.
    I would want to see how far 300 bucks a month got me before I blew any cash on anything I didn't need. 20K will keep you living for a while while you get used to your new budget....I'd go that route.
     
  9. May 14, 2011 at 1:11 PM
    #9
    tacomaman06

    tacomaman06 Carolina Alliance: Enforcer

    Joined:
    May 1, 2007
    Member:
    #1475
    Messages:
    26,258
    Gender:
    Male
    First Name:
    Will
    York,South Carolina
    Vehicle:
    '16 Tundra TRD Pro
    getting there....
    Is keep your current tacoma and keep maintenance up ion it.......and hold onto that $20k,which can be used for future repairs. These trucks can run damn near forever with a lol upkeep,and mileage really ain't that bad on them.
     
  10. May 14, 2011 at 1:18 PM
    #10
    river rat 69

    river rat 69 Well-Known Member

    Joined:
    Dec 6, 2010
    Member:
    #47249
    Messages:
    16,610
    Gender:
    Male
    First Name:
    Jim
    Orlando, Fla., Green side of the grass
    Vehicle:
    007, trd, sr5, fmf.
    NO Chrome,3" NFab's steps,TRD skid,Wet okie's.011 grill, k&n,5100's,All this comes right off when the old lady says let's go get a NEW ONE!!!
    X2 Keep your money for now,You never know when a:rain:will kick you in the nuts. You dont need to blow $$ on truck crap now. Hate to sound like a old fart but its all true. You know its true!!! Jim PS GOOD LUCK IN SCHOOL...
     
  11. May 14, 2011 at 1:20 PM
    #11
    darkgreentaco

    darkgreentaco XXXL Member

    Joined:
    Jun 10, 2010
    Member:
    #38712
    Messages:
    2,227
    Gender:
    Male
    NorCaL
    Vehicle:
    Timberland Rocket
    King RR C/O's, Extra mustard, All-Pro expdtn Leaf, sesame seed bun, Icon UCA's Fox Resi's BAMFsliders, sweet candy coating, LCAskids, diffcover 17" Addicts Yukon 4.56 35" Dynapro MT's
    keep your truck and fix it up to make you happy, keep the rest of the money to help you through school, and buy a new rig when you land a good paying job. being broke though school sucks!
     
  12. May 14, 2011 at 1:23 PM
    #12
    skybob

    skybob Well-Known Member

    Joined:
    Mar 4, 2011
    Member:
    #52309
    Messages:
    80
    Gender:
    Male
    I'd take the 20k and buy a mobile home! no house/rent payment lol. Then you can rent that shit out after you move up.
     
  13. May 14, 2011 at 1:30 PM
    #13
    nathandex

    nathandex [OP] Well-Known Member

    Joined:
    Aug 1, 2010
    Member:
    #41088
    Messages:
    71
    Gender:
    Male
    First Name:
    nathan
    illinois
    Vehicle:
    02 sr5
    Well, I won't be broke exactly....I will be chosing to live as THOUGH I am broke...I have money that I am sitting one, I am not blowing all I have to spend on toys. You are taking my proposal wrong. I am taking 20k, a portion of my money and allocating it to a vehicle(s) so that I don't have to deviate from my earnings and spend my stockpile. I was worried someone would start trying to explain a budget to me..oi.. Regardless, the general consensous seems to be keep the Taco I have, and maybe get a bike...I figured most people would say to keep it, proly the best decision..
     
  14. May 14, 2011 at 1:30 PM
    #14
    nathandex

    nathandex [OP] Well-Known Member

    Joined:
    Aug 1, 2010
    Member:
    #41088
    Messages:
    71
    Gender:
    Male
    First Name:
    nathan
    illinois
    Vehicle:
    02 sr5
    HAHA yea, I could do that, but the living situation I have is pretty sweet already
     
  15. May 14, 2011 at 1:31 PM
    #15
    darkgreentaco

    darkgreentaco XXXL Member

    Joined:
    Jun 10, 2010
    Member:
    #38712
    Messages:
    2,227
    Gender:
    Male
    NorCaL
    Vehicle:
    Timberland Rocket
    King RR C/O's, Extra mustard, All-Pro expdtn Leaf, sesame seed bun, Icon UCA's Fox Resi's BAMFsliders, sweet candy coating, LCAskids, diffcover 17" Addicts Yukon 4.56 35" Dynapro MT's
    Are you going to an art school?
     
  16. May 14, 2011 at 1:31 PM
    #16
    TeamSarcasm

    TeamSarcasm Flawless Escalation to the Ludicrous

    Joined:
    Feb 20, 2011
    Member:
    #51510
    Messages:
    11,023
    Gender:
    Male
    The better coast
    x2 on all the "keep the money for later" kind of thing, but i say get a motorcycle like the 250, it will teach you how to ride right and then just upgrade to a 650, and if you get a used 650 it wont cost you much more. Its better to learn to ride right and not worry about who says what.

    I know its been said a million times but its true: riding a motorcycle is dangerous. Not just because you are new at it (thats a assumption that you are new correct me if im wrong) but because of other drivers as well, and a 650 will get you into trouble much faster then a 250 will

    if you really dont want to start in the 250 try looking into the sv 650. its a great bike and mildly tamed.....I still advocate the 250 tho, and they are very fun, i don't think anything beats them with that.
    My 2 cents :D:D
     
  17. May 14, 2011 at 1:36 PM
    #17
    nathandex

    nathandex [OP] Well-Known Member

    Joined:
    Aug 1, 2010
    Member:
    #41088
    Messages:
    71
    Gender:
    Male
    First Name:
    nathan
    illinois
    Vehicle:
    02 sr5
    and 2 cents appreciated, that would be my biggest concern. I WOULD be a new rider, and so a 250 may better serve at first. When I get back home, I will have to hop over to the powersports shop down the road and sit on a few, see what each feels like.
     
  18. May 14, 2011 at 1:37 PM
    #18
    nathandex

    nathandex [OP] Well-Known Member

    Joined:
    Aug 1, 2010
    Member:
    #41088
    Messages:
    71
    Gender:
    Male
    First Name:
    nathan
    illinois
    Vehicle:
    02 sr5
    oh I missed that, sorry, nope no art schools for me. Not that kind of starving artist ;)
     
  19. May 14, 2011 at 1:39 PM
    #19
    skybob

    skybob Well-Known Member

    Joined:
    Mar 4, 2011
    Member:
    #52309
    Messages:
    80
    Gender:
    Male
    Well then, meehbe do a couple mods on the tacoma, and I'd go with a used 650 to get going on, a 250 isn't going to get you laid
     
  20. May 14, 2011 at 1:40 PM
    #20
    bhh2000

    bhh2000 Well-Known Member

    Joined:
    Dec 18, 2010
    Member:
    #47888
    Messages:
    238
    Gender:
    Male
    First Name:
    Ben
    NorCal
    Vehicle:
    96 3.4 maroon ext cab. 4X4
    X2!!! invest it in something! That 20K can make you a LOT of money over a few years! buy a Real! asset. this is one of the best real-estate markets ever.
     
To Top