The Lamborghini thread

[RichardTheFrog]

Had an appraisal for HELOC this morning. Will get results today or tomorrow.

Wonder how driving around in a Lamborghini will change my life. People will definitely look at me everywhere I go. The windows will be tinted dark as is legal.

 

[Bible_Belt]

I'd look at you like a dumbass who borrowed money to spend it on an asset that will immediately begin to spiral downward in value and eat you up in expenses. I'd love to hear what comprehensive insurance will cost you. That car will get vandalized in about a day and stolen in about a week.

 

[Bible_Belt]

Buy a kit car. They are pieces of sh!t, but girls can't tell the difference.

 

[The Duke]

How about you rent one first and see if that helps you with the women?

 

[RichardTheFrog]

I'd look at you like a dumbass who borrowed money to spend it on an asset that will immediately begin to spiral downward in value and eat you up in expenses. I'd love to hear what comprehensive insurance will cost you. That car will get vandalized in about a day and stolen in about a week.

I actually don't care what you think at all.

I doubt anyone else does, either.

 

[RichardTheFrog]

How about you rent one first and see if that helps you with the women?

No thanks.

 

[RichardTheFrog]

Buy a kit car. They are pieces of sh!t, but girls can't tell the difference.

This is the stupidest post ever.

 

[taiyuu_otoko]

Wonder how driving around in a Lamborghini will change my life.

Mr. Frog has me on ignore so this message isn't to him.(I sort of feel like I'm talking sh*t behind his back...) But I find the saga of the Frog very much like a slow motion train wreck. Kind of like an origin story for every old washed out guy who spent his fortunes chasing women and got taken to the cleaners again and again.

Maybe he'll have some kind of plastic surgery, it will go horrifically wrong and he'll turn into a super-villain.

 

[Alvafe]

maybe he will learn, maybe he always wanted a lambo and its not about woman, getting in a huge debt for anything is stupid, no other way around that, but each to his own

 

[Bible_Belt]

Here you go, I found the car for you. https://orlando.craigslist.org/cto/d/vw-kit-car-replica/6466720723.html

The important part is to sell the image as a complete package. You'll need the corresponding wardrobe, something like this:

You'll need the cane to push back all the women who throw themselves at you.

 

[RichardTheFrog]

Here you go, I found the car for you. https://orlando.craigslist.org/cto/d/vw-kit-car-replica/6466720723.html

The important part is to sell the image as a complete package. You'll need the corresponding wardrobe, something like this:

You'll need the cane to push back all the women who throw themselves at you.

I'll just block you instead since nothing you say means anything.

 

[MoreThanSmooth]

If I was to remortgage my house to buy a possession to get girls, I'd at least buy a boat. A classy motor cruiser.

Then you can go fishing if you don't get the cuties, and have wild ocean parties if you do.

A Lambo probably doesn't have space to have sex on the back seat.

 

[RichardTheFrog]

If I was to remortgage my house to buy a possession to get girls, I'd at least buy a boat. A classy motor cruiser.

Then you can go fishing if you don't get the cuties, and have wild ocean parties if you do.

A Lambo probably doesn't have space to have sex on the back seat.

Well I like a car better than a boat.

Within 3 years, I could probably afford both in cash. You?

What's the molar mass of a Lamborghini, by the way?

Plus, I don't really like fishing. I find it boring.

 

[MoreThanSmooth]

Within 3 years, I could probably afford both in cash. You?

What's the molar mass of a Lamborghini, by the way?

"Probably". Why not wait 1 year and buy your Lambo in cash then? That would be a smarter move than taking out a loan to do it and accruing debt.

In fact if you're going to take out a loan you may as well use it to invest it in your business. Any successful businessman pays their debt off by investing the loan into assets that will produce a large return on the investment.

Instead you're a self-professed master businessman but you're placing money that isn't yours on a material asset that will depreciate largely in price, which I find perplexing.

I doubt I'll be buying both in cash in 3 years, no. As I said above, I'd rather spend it on something that makes me more rich still. Then when I'm absurdly rich I can think about it for a laugh. But as I've said before, my life objective isn't buying a Lambo. The Lambo will not be waiting for you in the afterlife my friend, and I'm not sure why you think women will give a s*** about it.

Great Chemistry zinger there by the way. The molar mass of your Lambo would depend on the exact metal, rubber and plastic composition. If we dissolved it completely in acid I'm sure we could work it out, are you up for that? It would probably be more fun than driving around in it with tinted windows desperately looking around to see if anyone's noticing you exist!

 

[RichardTheFrog]

"Probably". Why not wait 1 year and buy your Lambo in cash then? That would be a smarter move than taking out a loan to do it and accruing debt.

In fact if you're going to take out a loan you may as well use it to invest it in your business. Any successful businessman pays their debt off by investing the loan into assets that will produce a large return on the investment.

Instead you're a self-professed master businessman but you're placing money that isn't yours on a material asset that will depreciate largely in price, which I find perplexing.

I doubt I'll be buying both in cash in 3 years, no. As I said above, I'd rather spend it on something that makes me more rich still. Then when I'm absurdly rich I can think about it for a laugh. But as I've said before, my life objective isn't buying a Lambo. The Lambo will not be waiting for you in the afterlife my friend, and I'm not sure why you think women will give a s*** about it.

Great Chemistry zinger there by the way. The molar mass of your Lambo would depend on the exact metal, rubber and plastic composition. If we dissolved it completely in acid I'm sure we could work it out, are you up for that? It would probably be more fun than driving around in it with tinted windows desperately looking around to see if anyone's noticing you exist!

I already have money to invest in my business.

You speak about things that you actually have no experience in.

Nothing will be waiting in the afterlife because the afterlife doesn't exist.

And since you're trying to advise me on finances that are way more than any amount of money you've ever dealt with.... Why would I finance this over 30 years, interest only? (This bank allows me to renew every year to keep the low introductory rate, so the interest-only period is theoretically infinite)... Because of the OPPORTUNITY COST of tying up all that cash.

Would I want to spend $160,000 all at once, or spend it $332/month at a time?

 

[Bible_Belt]

I'll just block you instead since nothing you say means anything.

Yeah, like "only morons mortgage a house to buy a supercar, especially just to try and get laid." You're about to find out the dollar value of not heeding that advice. P!ssing money away on hookers is sound financial practice compared to every other idea you have had to get women.

 

[guru1000]

And since you're trying to advise me on finances that are way more than any amount of money you've ever dealt with.... Why would I finance this over 30 years, interest only? (This bank allows me to renew every year to keep the low introductory rate, so the interest-only period is theoretically infinite)... Because of the OPPORTUNITY COST of tying up all that cash.

Would I want to spend $160,000 all at once, or spend it $332/month at a time?

Argument is two-sided:

By buying the car through a home equity line, you are capturing the lowest interest rate, so from a monetary standpoint, this could be a smart choice. You also are freeing up cash flow for your business at a 2-3% interest per annum, which your business will likely earn more than (as opposed to buying in cash).

However:

You are collateralizing the purchase of a vehicle against real property, whereas if you default on the loan, you are not getting the car repossessed, but instead, your house is subject to foreclosure.

The deciding factor of financing depends on the likelihood of your making good on the loan.

 

[MoreThanSmooth]

I already have money to invest in my business.

You speak about things that you actually have no experience in. Nothing will be waiting in the afterlife because the afterlife doesn't exist.

And since you're trying to advise me on finances that are way more than any amount of money you've ever dealt with.... Why would I finance this over 30 years, interest only? (This bank allows me to renew every year to keep the low introductory rate, so the interest-only period is theoretically infinite)... Because of the OPPORTUNITY COST of tying up all that cash.

Would I want to spend $160,000 all at once, or spend it $332/month at a time?

Okay, say you have X amount to invest in your business already. You take out a loan of Y amount for a car.

The thing that makes no sense to me is that you would make more money using Y to buy a new house/apartment/whatever to flip in addition to using X. If your objective is to make enough money "within 3 years" to buy a Lambo/whatever else for yourself, it makes more sense to spend that money on productive assets now and buy the car later.

Plenty of multi-millionaires have fully invested in their business until their wealth level is insane, then go for the frivolous expense after that. That's what I would do is all.

Yeah, you're more experienced at business and finance than me presently, I'm not questioning that. I'm saying that a loan for a Lamborghini is objectively, even from a layman's perspective, a poor business decision no matter how you pay it. Even if you can pay a monthly rate for it, why even bother with that in the first place? Just expand your business even further and buy it, own it a few years from now.

You've even said you want to spend $160,000 at once when you hinted you want to buy it with cash "3 years from now". Then you're saying you don't want to do that because you don't have the cash to do it at present (essentially). It's contradictory and makes no sense.

 

[MoreThanSmooth]

I'm just going to add that you should rent the Lambo and see what effect it has, as someone has already said. I don't know why you don't want to do that, since it'd be far cheaper and immediately confirm if it's worth remortgaging your house or not.

I reckon you could go into a bar and for the price of buying a woman a drink you could get laid more than the Lambo will get you.

 

[Bible_Belt]

You are collateralizing the purchase of a vehicle against real property, whereas if you default on the loan, you are not getting the car repossessed, but instead, your house is subject to foreclosure.

Insurance will likely be more than the car loan payments, especially against theft, because he lives in Florida. So he won't buy it, the car will get stolen, and he will lose both the house and the car.

OP obviously has his money because of absolutely nothing in the world that he did on his own merits. He probably had a lawsuit settlement over his car crash. He's a great example of fools and their money being parted.