If you had $1,000,000 in liquid captial, what car would you buy? (vehicle, 2010)
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A friend of mine who actually have a few million in liquid capital asked my other friend what car he would buy if he had 1 million in liquid capital? (i.e., if you had a million dollars in the bank, without any other form of debt). Assume you earn, let's say 100k per year and save 30k per year.
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Liquid capital?
Doesn't that imply you are going to invest it?
Do you mean if I saved up a million bucks, what kind of car would I drive?
Or are you asking if you had a million bucks just to spend on a car, what car would you buy?
I don't get the question. There are a lot of people on here who have a million bucks in savings (not 401k/IRA) and investments. Just ask them what car they drive. I drive a 4 Runner, a GS Vette, and I have a collector Mustang.
Would I earn another million next year? If not, I wouldn't buy anything and use the car I have.
This.
If I received a one-time only payment of $1 million, I'd invest 95% of it and maybe remodel my kitchen with the remaining $50,000. I have two excellent, newer vehicles that I see no need in getting rid of at the moment. Nothing on the market has really caught my eye as something I'm yearning to have.
I'll probably trade in my 2010 F-150 for another truck or possibly an SUV next year. But I already have enough "liquid capital" to make the purchase outright.
I guess I don't understand the question either. There's a BIG difference in making $1 million/ year and asking what would be a vehicle of choice versus getting a one-time sum of $1 million.
A friend of mine who actually have a few million in liquid capital asked my other friend what car he would buy if he had 1 million in liquid capital?
Wanted to see what the members would buy?
I'd would not "buy" a different car. I'd treat our 1993 Suburban to a new paint job and a general overall re-do to make it like new again so I could get another 20 years of driving something we REALLY like!!
I would carefully buy collectable GOLD coins and bulk GOLD. Then I would put it in a safe place and liquidate it into hard cash as needed. No taxes, no records, no probate if I were to die and NO ones business but my own. No "financial adviser" would get a chance to scam me...
Sheesh, some of you are really no fun at all. No need to pick apart the post so damn much, what car would you buy if you had $1mil liquid to do so? If you'd keep your old car, great.
I'd probably buy the latest 911 Turbo S, and spend another 30-40k on options and mods, that'd still leave me with about $800k.
Really, a million dollars is pretty excessive for cars, unless you're looking for a rare classic or something. If money were no object (and it would cost far more than 1 mil) I'd buy a Ferrari 250GT California, and I'd actually drive it.
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