Car Mods a waste of money?

[wizardy]

ok i need to apologize for my rant i have put some more concrete in my morning coffee and hardened the f-up but i reality if your going the route of gathering wealth good for you just make sure it doesn't consume you above all else live life.

[Sabantien]

If cars are your hobby or your passion, it can't be a waste of money.

It's a personal choice to decide if you want to buy a house first or not. A lot of people just can't afford to, or would rather not. There's plenty of talk that you can be better off renting in certain circumstances, but that's a discussion for another thread.

For me, about the only mods I'm interested in making to my car are a better sound system. I'd rather spend my spare cash on photography gear and musical instruments. I don't need another expensive hobby!

As others have said, if you're not going into debt for it, do what makes you happy.

[RANGEREST]

Of course car mods are a waste of money, so is eating out vs home cooked with home brand ingredients , buying new clothes vs St Vinnies.etc etc.(the poor buggers doing that are also driving $200 cars)
Most of our hobbies could be deemed a waste of money.
My ski boat for example could be a reasonable deposit on another house, and the fuel we put through it each summer would just about cover the shortfall after rent on the repayments.
BUT the value my kids/family get out of it is irreplaceable.

Spend some, save some for the future and enjoy yourself along the way.

[Spurious]

Jeez we gotta have something to do 'eh.

If I didn't own anything I'd just be some knob sitting on a plastic chair in the park!

[Swordie]

Originally Posted by Dilzzyy

Just curious , how many car enthusiasts on this forum have ended up spending alot of cash modifying their cars and regret it? Im from the younger generation and alot of people my age are putting there whole pay checks on mods. Some are still on finance but have had alot of cash spent on them. Ive owned 3 cars now , bf xt, vy calais super6, fg xr6 turbo and all have had a fair bit of coin thrown at them. At 24 now i have taken a break from cars and started saving for a house as i have recently worked out how much i've spent modding them which has left me shaking my head.

If you like cars. Make sure your house has space to store them (e.g. garage). If your are wise with money wealth will build and you will have money to spend on them.

[XB GS 351 Coupe]

The secret is (for me anyway) to spend money you have spare on cars, but not to the detriment of your future, bought my first real car (XB GS Coupe) at 17, bought my first house at 21, busted my balls and paid first house off at 30, sold house and build bigger house, busted my balls for another 10 years and sold house again.

Then decided to go all out and move into the bush and really bust my balls to earn more cash, and build my dream house and shed at a dream location, three months to go and I will be living in it.

All along spend little by little on cars and have build up a nice collection of cars I like.

Obviously if cars is not your thing then it's a waste of money.

In the mean time I have also had a LOT of fun, enjoyed life, raised a family have pets, horses and other hobbies and lived and worked in some great places.

It's about balance, spending all your cash on cars is a waste if you ask me.

[dutchie393]

I dunno, when it comes to cars, all reason goes out the window....
Had i been sensible, I'd be a lot richer today coz i wasted a lot... but then... I now also have a lot more money than i used to when i was younger spending it on 4 barrel carbies and extractors...
so now i continue that trend of wastage, but on car mods i could only dream about doing back then.

[Qwerty321]

Car mods are a waste of money. Just like alcohol, junk food, overseas trips and pretty much everything on this planet that isn't an appreciating investment. Car mods are a waste of money on paper, but everyone already knows that. They're just like having a dinner out at a fancy restaurant or going for a holiday in Europe. What's the point of money if you don't spend it doing things you love?

That said, have your priorities straight. If your falling behind on your mortgage or bills, are struggling to put food on the table or afford new shoes or uniforms for your kids, then car mods are definitely not something you should be considering spending money on in the slightest. If you've got disposable income to spare though, then by all means go get that loud exhaust your neighbors will hate you for ��

[123Cat]

Or the dollar crash takes it all away
Not really mods,,,, but I love putting parts in a simple ED, keeping her fit and well

Have a good 3 days off