I currently have a mint 1996 Cobra with a bunch of suspension/driveline/engine mods. The car looks nearly stock on the exterior, but runs 12.80's. Car has 87,000 miles and is in great condition.
It looks like I'll be getting around a $12,000 bonus early next year and hopefully a pretty decent raise. Financially, I'm doing fine so the money is likely going somewhere really immature.
My choices are:
Personally, I'm not excited about the thought of even a small monthly payment on the car. Then again, I've got a large savings, a home and by that time, all of my college debt will be payed off (just graduated in May).
What would you guys do? I could likely find an Elise for around $30,000 if I look hard. Then again, the Mustang is great and would make a great show/strip car.
-Dan
It looks like I'll be getting around a $12,000 bonus early next year and hopefully a pretty decent raise. Financially, I'm doing fine so the money is likely going somewhere really immature.
My choices are:
- Upgrade Cobra: wheels/tires, 03/04 seats, supercharger, etc and sink the rest into my house
- Buy Lotus Elise: sell Cobra (hoping for at least $8,000), sell motorcycle (hoping for around $2,800) and take on a small loan
Personally, I'm not excited about the thought of even a small monthly payment on the car. Then again, I've got a large savings, a home and by that time, all of my college debt will be payed off (just graduated in May).
What would you guys do? I could likely find an Elise for around $30,000 if I look hard. Then again, the Mustang is great and would make a great show/strip car.

-Dan