so i have to start with a story. when i was 7 years old me and my mom got hit by a drunk driver in a mustang going about 114 miles per hour. i had to be air evaced to the hospital ect. ect. anyways i now turn 18 in a month and today i was informed i have a bank account with 25 grand in it waiting for me when i turn 18 because my dad hired me an attourney and sued the guy.'

now im thinking im going to keep 20 of it in there and invest it.
but that means i have 5,000 bucks to spend on my car if i wanted to.

its already got suspension, a paintjob, rims, and a system, what should i do with this money. and i dont want to airbag it.

HELP! :D :D :D :D

 

if manual, do a short shifter.. then.... SUPERCHARGE!! ( or TURBO!!!) haha and with the 1 grand left over do a full exhaust and headers and maybe a pulley. then take the left over money and get some bojangles and a cd.

 

Please oh please don't spend $5k on your car man. Spend $3k on your first semester of college, TAKE A VACATION, Go to Toys R Us and spend $200 on toys and go to your local childrens hospital and donate the gifts to the kids there who got medivac'd in. Keep whatevers left outta the spending $ split between your checking and savings account gaining intrest, but there when you need it! That's my 2 cents. Saw someone get a huge chunk of change like that before for the samething.... that was 10 years ago. His 97 mitsu eclipse went from beater to beauty in like 6 months... had $25k + invested in it, and now here in 2008 it's in a junk yard.

 

If you really want to spend it on the car, then use it to help pay it off. Don't put any type of charger on a stock motor, you'll blow a seal/gasket or worse and make it less reliable. Just really really think about it or you'll look back and think, da*n I was dumb. At least you said you want to save most of it. Oh, and you really shouldn't be listening to most of the younger people on here, most of them will say blow it on this or that. Ask your family what they think, not a bunch of strangers that know nothing about you.

 

invest but not in your car....

 

I agree with the idea of spending it on college.

Or pay off your car. Once those two are covered, mod your car as much as you want.

-THE DON

 

If you love your ride--even if you just like it a lot--use the money towards paying it off. Once you have it paid off you will have plenty of money to spend on it and other things. Besides, if you spend 5k that was given to you on your car you are less likely to appreciate it. Just my opinion.

 

great advice

 

I know you can't gamble yet, but I say big dog it in Vegas! Get a suite and lots of hookers!

 

i would say it's a bad idea to just throw $5k into your box like you are saying. you already have plenty of goodies done to it. it looks nice doesnt it? how happy are you going to be knowing you threw away $5k just to what, have it sit an inch lower? put a turbo in and make it almost as fast as most other stock cars on the road?

with what you say you've already done, there's no need to throw away $5k like that. your money though. im with everyone that says save it and invest some.

not to mention that is a nice down payment on your first home! although you probably are not thinking about it now, that will become very important to you in the next 5 years or so. i know it is for me.

 

Seriously though, like ^^^ said, save it for a down payment on a house or condo.

 

5k on booze, cigs, and hookers FTMFW!!!!

 

ok a little bit more to add....

its already payed off
i already have college payed for.
the 20 im keeping goes towards a house.
and i really dont care to make it faster considering theres only so much you can do to it.
if i wanted a faster car i wouldnt have bought an xb :D

 

Spend it on getting out of debt, or investing (education, house, etc). Both will pay off in the long run. Maybe buy a few toys, but don't go nuts.

Of course, I can say this having never come into that kind of money when I was your age.

Just don't do anything stupid!

 

X2....

I have been tunning cars since I was 16, Ive spent thousands in my time. And for what??? I hae student loans I couold have avoided if I wouldve spent that money wisely. You will always have time to mod. You will always have time to party. But you need to prioritize first. How do you think the big ballers did it? They sacrificed at your age.

 

Then get yourself an air-ride kit, and a set of aggressive fitting wheels, that require a 5x114.3 conversion to make sure your set yourself apart.

A set of bb headlights, and you should be good for a little while. And what I just mentioned will put you around the $4000 mark. So you still have another grand to put in the interior for ICE and what not.

 

Spending 5k on your car really doesn't sound like much.

But I would say, if that 25k is all the money you have. then don't go out and blow 20% of your net worth on mods that will only ever get you 30 cents on the dollar, (if your lucky)

Pay off you car if it's not paid for already, student loans are good to avoid.
Spend like only $1500 on toys just to get that out of your system. Then invest it and forget that the money's even there.

 

depending your tastes you could go into custom fibreglass sub/ amp rack + custom interior work depending on the shops in your area and OR your DYI skillz
if VIP is more your thing wheel +tire + body kit would use up 5K (garson kits run 2K plus!!)
http://www.onetongarage.com/products/garson/index.html

 

wow, ok, I guess no one actually reads anything that is posted.
what he said so far..

car is paid for
has money set aside towards a house
college is paid for,
doe not want airbags
does not want it to go faster,
already has a system,
already has wheels,


so all you basically repeating what he has already said, is awesome!
sorry for the rant, just I scrolled down in this thread thinking I was going to actually see some suggestions, and all I read is what he said he already has done.


so the only thing I can suggest is maybe a body kit, or do some more with the interior, like redoing the seats, maybe a sunroof.

 

Don't blow it on junk you don't really want just because you have it. If it was money you'd worked for and saved, what would you do? You may have tuition already paid, but you can easily spend $5k+ during four years at college. 17 seems a bit young to worry about setting aside money for a house. If you're saving most of it, keep it somewhere other than a savings account earning 2%.