If you received a $1200 bonus..

[HoLLo]

I think this year at work (as long as profit follows its current trend) I will be receiving a nice $1200 bonus. My question is: If you had a $1200 bonus what would you do? I'm just curious what yall would do in this situation.

I've looked at these options:

A) Apply that to paying off my car. I only owe $2600 on my car so that would knock off a good bit and cut off over a year of payments.

B) Lloyd Elliot heads. Enough said. I'd just save a little bit more to add a nice cam package to it and install it together.

C) Rebuild the LT1 into a fresh 355 wth all new seals, bearings, rings and a nice bore/cleaning. And with a little bit more cash, some forged pistons. The main purpose I see of this is reliability.

D) Buy $1200 worth of stock that I am already currently investing in. The good thing about my stock plan at work is the discount. We put money into an account, and every 6 months they purchase stock at the lowest point in those 6 months, and then 15% off that price. So i'm pretty much guaranteed good profit as long as I sell at good times.

Just curious what you guys would do and want to hear some feedback.

[rebuilt]

With they way things are going in the finacial world my vote would be pay it off.

[KissMyWhtSS]

You shouldn't be paying on a 12 year old car.

[HoLLo]

Well i couldnt pass up the deal on this car and im in college so i just got a 3 year $3700 loan plus $1000 cash

[dk1989]

I'd pay the car off, thats a year sooner you won't have a car payment.

[Brandon]

if you know what youre doing, invest the money. otherwise you should put the money towards paying off the car.

[KissMyWhtSS]

Well i couldnt pass up the deal on this car and im in college so i just got a 3 year $3700 loan plus $1000 cash
yeah... I'm in college too so I absolutely don't want a car payment so I can live as cheap as possible.

I'd say pay it off. Unless you can find an investment that will gain you more than the interest your paying on the car. (On a financial and emotional level.... if you don't mind paying every month to have a h/c car or whatever then do it.)

[BluBeaSSt]

Pay it off

[97lt1camaro]

sigh..... gas :( Bahaha..

Probably heads and cam package :D

[Cyanydem28]

go to vegas and buy a bunch of hookers

[YZF]

I'd pay it off... car payments ftl!

[VendettaV8]

Pay it off.... all the money you save from the car payments next year, then you can have all that for mods!

[SnyperBob]

It's been partially mentioned....

but I would go with hookers and blow :)

[sinistr]

It's been partially mentioned....

but I would go with hookers and blow :)




haaaaaaaaaaaaaaaaaaaaaa :finger:

[Toronto_LT1]

pay it off, car payments blows.

[SoulReaver]

Pay it off. If the Gov goes deeper into this recession banks will be cashing in on ALL loans. I would try and have as much paid off as possible.

[Fixxer99TA]

I like the hookers idea, but pay the car off... Who wants annoying car payments when you dont have to.

But if you know something about the stock market and can invest it correctly you cant go wrong with that either.

[BLWNLT1]

HOOKERS :finger:

[BrianEsser]

Pay it off.

[rebuilt]

My cousin has a 98 ws6 (oddly enough its sits in the same shop mine does) and he is making payments on it. The kicker is he spun a cam bearing and hasn't had the cash to fix. He has been paying on it for 3 years and drove it for 6 months. Leason learned don't finance a hot rod. Pay it off.

[Fixxer99TA]

My cousin has a 98 ws6 (oddly enough its sits in the same shop mine does) and he is making payments on it. The kicker is he spun a cam bearing and hasn't had the cash to fix. He has been paying on it for 3 years and drove it for 6 months. Leason learned don't finance a hot rod. Pay it off.

Perfect example right here, you dont want to pay for a car that sits.... And we ALL drive em' like we stole em' (I can only assume, but cmon.....Nobody buys a car with a 350 to drive it like a smartcar :D)

[KissMyWhtSS]

yup, my toys will always be financially detached from me. If I have spare money I'll spend some on it, If I get in way under my head and am forced to sell it (but since I'm pretty financially responsible this probably won't happen) I could cash it out if I have to.