Sell it.
Invest the money, buy the time your 25 you'd be able to buy a new GT-P and spend $25,000 modding it. Say you got $65,000 for it in sale - if you threw this into one of the banks savings accounts - which have minute risk, over 5 years compounding the 65,000 would be worth $86,370 using the current rates - thats a bloody nice deposit on a house -
to be honest you may lose a few grand in tax dependant on your other income over those few years, but combine this with the first home owners grant and you could probably throw $90,000 on a house, which would probably be 25% of a pretty good house down in the gong?
In retrospect the value of the GT-P in three years will probably be $40,600, five years probably $28,000.
otherwise insurance and fuel will be a killer for a 20 year old.
Last edited by Dave_au; 15-09-2006 at 05:48 PM.
|