'Rona Super Cashout Auto Investment Competition

[Poetic Justice]

Originally Posted by Citroënbender

Do the rules exclude improvement whether DIY or separately funded?

Now there's a stimulus package this forum could get around. $10k to be spent with businesses to improve/restore vehicles

[Franco Cozzo]

Anyway in the spirit of the game I'm buying either:

JZS171 Toyota Crown Athlete V
JZS161 Toyota Aristo V300 Vertex

Both available ex Japan for $10K-$13K at the moment.

Put me down for cashing out $20K across two financial years for the scenario

If it's gotta be Aussie cars then put me down for a 2001 WHII HSV Grange.

[anobserver]

Given many jobs may be under threat, these magnificent vehicles represent options for a versatile side hustle.

https://www.gumtree.com.au/s-ad/slac...tic/1241003486

https://www.gumtree.com.au/s-ad/euro...findads.com.au

https://www.gumtree.com.au/s-ad/para...findads.com.au

[MITCHAY]

The joy will be short lived. You can not access super early unless satisfying certain criteria due to financial hardship. They have gone for expediency over procedure in these unprecedented times like they have with other schemes. There is no way it would be this easy otherwise.

This is not a failure, it was about getting money out to people as quick as possible but if you take the **** and get caught you're in trouble.

You'd better hope that it was a good investment

[ford71V8]

Originally Posted by anobserver

Given many jobs may be under threat, these magnificent vehicles represent options for a versatile side hustle.

https://www.gumtree.com.au/s-ad/slac...tic/1241003486

https://www.gumtree.com.au/s-ad/euro...findads.com.au

https://www.gumtree.com.au/s-ad/para...findads.com.au

Wife just said No to my suggestion to use as a getaway camper.

At the very least it would create good conversation in an otherwise quiet caravan park

[Sprintey]

OK we have some players now.
I will join. I will take out the 10K option, and buy 4 XH Panelvans in an attempt to corner the market. Like the options desk of a big hedge fund, I'll take out a few lines of the ask all in one hit - 4K for two clean ones, and the 2 at 2K firm for restorers.


https://www.gumtree.com.au/s-ad/nara...van/1253133390

https://www.gumtree.com.au/s-ad/lily...van/1251099937

https://www.gumtree.com.au/s-ad/murc...ans/1252938701

This is doubly clever, as with a panel van I can flee from the ATO, and win the competition, if panel van shells become as valuable as LC Torana 2 door shells...

[Sprintey]

Originally Posted by Franco Cozzo

Anyway in the spirit of the game I'm buying either:

JZS171 Toyota Crown Athlete V
JZS161 Toyota Aristo V300 Vertex

Both available ex Japan for $10K-$13K at the moment.

Put me down for cashing out $20K across two financial years for the scenario

If it's gotta be Aussie cars then put me down for a 2001 WHII HSV Grange.

Doesn't have to be Aussie - just where you think will do best.

[Sprintey]

Originally Posted by Citroënbender

I’m predicting a forum crash just before the 24 month anniversary of this thread. Then we’ll all be crying into our face masks as there’ll be no clarity on the best pick.

Do the rules exclude improvement whether DIY or separately funded?

You can work on it and do it up if you can generate the profit from the idle time when locked down - good for mental health too!

[Poetic Justice]

I cashed out 20k
I'd probably buy the most reasonable condition HSV I could buy.
As much of a Ford man I am, I think the Holdens will appreciate better for a while.

[Citroënbender]

As we lurch more towards an American-derived false nostalgia, I’m tipping trucklets as goers. SWB non-dually, ideally stepside but styleside if you must. Dodge or IH.

[Yellow_Festiva]

Originally Posted by Adamz Ghia

Someone aged 30 who withdraws $20k is robbing themselves out of around $150k come retirement, assuming the markets run to historical trends. I gave withdrawing some serious thought but in the end I wasn’t affected and even if I was the fun I’d have with it now just wasn’t worth it.

I doubt the government cares if people **** it up the wall, in the end it’s cash flowing through the economy that otherwise wouldn’t have been.

Unless that person put it to better use than if it had been left in Super.

[Yellow_Festiva]

Originally Posted by Franco Cozzo

Super is a joke - you pay tax on it going in then depending on your age you pay tax on it coming out too.

Are people forgetting here that it's actually your money?

Yes and no.

I hate the idea of Super - having said that I'm good with my money and invest well. If I had the choice to not pay it I wouldn't.

This is the exception unfortunately, not the norm.

How many people you hear call the radio crying for a handout;

"I'm 77, Iv'e worked my whole life and my rotten teeth make me not able to eat properly, I'm on a waiting list and should get a spot next year, I don't have the $2,000 needed to get it done now - please someone help me?"

Or similar.

[Beastie]

I'd buy a Jeep...

[Yellow_Festiva]

Originally Posted by Beastie

I'd buy a Jeep...

Then you would also need the bigger boat

[Polyal]

Good to see that CV hasnt effected peoples ambitions....

https://www.justcars.com.au/cars-for...dan/JCW5167569

I think I have seen an increase of toys for sale, few more GTHO copies and hot rods etc. I think the wave is coming.

[Sprintey]

Aim for the stars. Incidentally, that was the price asked of an auto blueprint AUIII XR8 brand new, 0 kms, on runout in Horsham when I was working there in 2003 and it was unloved a year after the AU ceased...