Topic: $75K, or a new C7 Corvette Stingray. Which would you choose?

[KD]

No mortgage, no kids, very little debt and I have no interest in travelling anywhere that I can't drive.  I'm also way to disciplined to spend my earned money on ANY vehicle costing this much, but as NR said earlier "this is play money", so different rules imo.   

[Ex-airbalancer]

No mortgage, no kids, very little debt and I have no interest in travelling anywhere that I can't drive.  I'm also way to disciplined to spend my earned money on ANY vehicle costing this much, but as NR said earlier "this is play money", so different rules imo.

Wow, there are so many great places to visit in the world
I am always looking at the next place to go

[Ex-airbalancer]

Cash.

As a young lawyer I was introduced to the concept of "eff you" money.  You save up enough cash so you can say "eff you!" to your law firm, clients or both.

8 more years to go for me 

I hope I can go in 8   

[tpl]

Definitely the $75k.   I'd just put into the 'spend on something you want but can't justify' fund.   
I have never had any desire for a Corvette.


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[sailor723]

Cash.

As a young lawyer I was introduced to the concept of "eff you" money.  You save up enough cash so you can say "eff you!" to your law firm, clients or both.

8 more years to go for me 

Until what?......you tell yourself to eff off? 

(cash for me BTW...if I'm going to have a $75,000 toy it's going to float  )

[blotter]

even if I needed a car, I'd go cash.

while tempting since it might be my only chance to finally have a performance vehicle...

free money right now would be helpful.
I'd pay off the Taco and buy a travel trailer.

with the money saved on the Taco payments, that would be used to help pay off other crap, which in turn would open up the chance for a fun third car in a few years.

[Northernridge]

Judging by household debt in Canada and the rising number of long term car loans, I don't think many people have F U money. Also, $75k is one zero short of being F U money.

Another approach would be to drive down lifestyle costs and just go with F U. 

[Ex-airbalancer]

Cash.

As a young lawyer I was introduced to the concept of "eff you" money.  You save up enough cash so you can say "eff you!" to your law firm, clients or both.

8 more years to go for me 

Until what?......you tell yourself to eff off? 

(cash for me BTW...if I'm going to have a $75,000 toy it's going to float  )

I already tell my clients to F off but most call me back   

[Snowman]

Judging by household debt in Canada and the rising number of long term car loans, I don't think many people have F U money. Also, $75k is one zero short of being F U money.

Another approach would be to drive down lifestyle costs and just go with F U. 

We could say FU now, move back up north, and live very comfortably. But.......

[KD]

Cash.

As a young lawyer I was introduced to the concept of "eff you" money.  You save up enough cash so you can say "eff you!" to your law firm, clients or both.

8 more years to go for me 

Until what?......you tell yourself to eff off? 

(cash for me BTW...if I'm going to have a $75,000 toy it's going to float  )

I already tell my clients to F off but most call me back   

 

[phazotron]

Cash. As stated above, flexibility. + my dream vacation to Australia & New Zealand would be instantly doable for the me & the family.

A new Corvette would a lot of fun...(lose my license fun!)...but a financial drain that I otherwise can't afford at the moment.

[mmret]

Judging by household debt in Canada and the rising number of long term car loans, I don't think many people have F U money. Also, $75k is one zero short of being F U money.

Another approach would be to drive down lifestyle costs and just go with F U. 

$750k is FU money? Where exactly? That doesn't even buy a detached house any more in many GTA locales. (At least the ones you'd want to live in)

$7.5m works.

[tpl]

Judging by household debt in Canada and the rising number of long term car loans, I don't think many people have F U money. Also, $75k is one zero short of being F U money.

Another approach would be to drive down lifestyle costs and just go with F U. 

$750k is FU money? Where exactly? That doesn't even buy a detached house any more in many GTA locales. (At least the ones you'd want to live in)

$7.5m works.

Only just. You could burn through that very quickly  with a house here, a small apt in Paris or NYC plus a winter place somewhere south.
You couldn't even afford to charter a biz jet to commute between them for long let alone buy one.

I think another zero for real FU. After all at 75MM you still don't make any real countries  rich list by a lot.

[Northernridge]

Judging by household debt in Canada and the rising number of long term car loans, I don't think many people have F U money. Also, $75k is one zero short of being F U money.

Another approach would be to drive down lifestyle costs and just go with F U. 

$750k is FU money? Where exactly? That doesn't even buy a detached house any more in many GTA locales. (At least the ones you'd want to live in)

$7.5m works.

Underscoring the point that if F U money is what you seek then $75k is barely a drop in the bucket so TAKE THE CORVETTE AND BE HAPPY.

In fact I think the Corvette is an excellent F U car.

[Firm]

The sad part here is that a large percentage of people in the GTA would take the 75K and spend 100K, lol.

[tpl]

The sad part here is that a large percentage of people in the GTA would take the 75K and spend 100K, lol.

And they'd still have a huge mortgage and lots of debt afterwards.

[johngenx]

I could round up at least 10 people I know, probably more, in no time that could live on that $75K for five years, probably longer.  For those of us living the "modern suburban dream" lifestyle, it's not a lot of money, but for others that live a far less materialistic and consuming life, it's a LOT of money.

[Northernridge]

I could round up at least 10 people I know, probably more, in no time that could live on that $75K for five years, probably longer.  For those of us living the "modern suburban dream" lifestyle, it's not a lot of money, but for others that live a far less materialistic and consuming life, it's a LOT of money.

Like I said, F U is just a lifestyle change away.

[tooscoops]

that's all some people want... think 'into the wild'.... then you can go die at a young age with a smile on your face (and tears in everyone elses)...

anywho... i'm a cash guy. enough that it wouldn't make me change my life in the least... maybe have one party where i buy the food and booze (and not be cheap)

as others stated, if it was one of those, car or cash value of 70% of msrp... then, i'd have to reconsider.. but most of these lotteries have the choice between the prize or 100% of msrp...

to not take the cash is silly... 75000 untaxed? pretty sweet windfall! use some of the cash to rent a vette for a week. that's all i need!

[johngenx]

It's not living if you're just subsisting.

Really?  I know people that live on $10K a year and LOVE their lives.  They could earn a lot more (some are well educated skilled people) but chose not to.