Hazey

Yeah well as I mentioned I agree and wont be selling property.

I appreciate all the responses and it has made me see things in a different way so thanks. This is the updated situation.. I have decided to sell the G6E Tubo as i've got too much of my money in it for something thats not really doing it for me and only getting driven by my girlfriend with the baby. If i can get my asking price I will not lose much at all as I got it for a steal when I purchased. See CARSALES link My girlfriend is being offered an events management role for more money than we expected. She can than lease say, a $20,000ish car (e.g 2nd hand holden cruze) and run around that with bubs. Due to the nature of the job can claim its business usage also. Now stay with me.. . For my weekend toy car... I thought about the 370 again but would not get the use out of it due to only 2 seats and having a family. To me the next closest thing(not interested in R32 or R35) is a 2nd hand BMW 135i If i got that I would always be wanting the new 1 Series M BUT... If I hold off for 1 year I can contribute another $20-30K and with the $45k from the g6et a 100K+ car doesnt seem so far out of reach anymore. $75,000 deposit against a CHP lease Loan amount (inc. GST): $40,000.00 Term: 3 years Residual (inc. GST): $15,000.00 Interest rate: 8.50 % Monthly repayment: $889.14 While I'm driving the car of my dreams I can save $5000 per year for the balloon and between my partner and I can still be putting away $15,000 a year as savings. What do you think? Problem is deciding on a brand new BMW 1 series M $110,000 which they are saying will be a collectable item and first batch is already sold out. Every review I've read cannot fault it. OR getting a 2010 R35 GTR I'm in no way comparing the 1M to the GTR. The below quote and other things Ive read makes me think the 1 series M is better for resale and comfort yet still very enjoyable just without the presense of the GTR unfortunatly. What would suit me better? will just be the weekend toy spirited road trips with my girlfriend and every other weekend will be all 3 of us (2yr old bub) when ever we go out.

Fungoolie cheers for the info helps alot. Can you or someone give an example of how the lease may be structured with my investments as security on a gtr purchase of $120k? lease term, residual payment etc. As for payments being "fully deductible beyond the FBT value of the vehicle" can you explain that. Again, thanks

thanks for reminding me to get a ticket. Yes they are a great car for the money.

Cannot say i don't agree with both comments. if one does invest only in property how do they get to enjoy the gains without selling? (tax benefits and positive gearing aside) you would have to sell at least one at some stage to reward yourself, im just doing it early. i wouldn't be living above my means would i? as I've purchased outright and not in debt to own the car. It would be a car that i would keep long term. hmm may have to set myself a goal and save/invest over 5 years.

Bit of a noob here and have a question regarding the launch control? Hope someone can set my mind at ease. Looking at getting a R35 but not sure on 09/10 vs MY11 - Was leaving toward the 11 due to the launch control being covered under warranty and not so hard on the transmission. 1) So is there a concern with transmission issues on a used 09/10 with launch control - does it void the warranty? 2) Can the software changes for launch control applied to MY11 be applied to MY09/10's Thanks

Hi Everyone, 1st post here. I've read a few threads and noticed some folks like Brian from the fordxr6turbo forums Looking at some advise (some of it financial) on getting into an R35. Hoping not to bore everyone but just want to share some background info.. Here goes... I am 28 in a defacto relationship, have a baby girl, work in I.T and love my cars. My previous cars have been SSS Pulsar, modified xr6turbo (350rwkw) a 370z and now own a 2010 G6E Turbo (family car). I sold the 370z as my partner and I had a baby girl (shes 10months now). The G6E Turbo just isnt doing it for me although is a great family car(partner drives it more than me) and will most likley like to hold onto it for that purpose. So I have my heart set on a R35 GTR and looking for the best option for me to get one. Sell property? Lease? Rob a bank? If I sell my only investment property today I can walk away with approx $170,000, if I hold off 1+years maybe $200,000+ (who knows?). I'm living in a rental and looking at getting another investment property using equity from a family property. The plan was to get a few investment properties this way and then in 5years or more buy the family home. I am after all sorts of opinions and advise. I know you shouldnt really sell property but it is the only way I can see myself getting a R35 GTR aside from waiting 5+ years perhaps. The way i look at it is you only live once! I was fairly lucky with the capital growth in short time, I will be replacing it with other investment properties mentioned above. Doing it this way does not impact my living expenses or $$ for wedding, family/daughter etc. ie I dont have to service a large loan. Thoughts?

Just signed up and saying high before i post a question. Reading a few threads looks like a good bunch of people. I have owned (in order) SSS Pulsar, XR6 Turbo, 370Z and now have the family car which is a G6E Turbo. I am currently looking at ways to get into a R35 GTR and I hope it one day will come true Cheers Aidan