Should i pay off my loan or go mod crazy??

[OttawaCoupe]

I've had my coupe now for about 7 months, and i really want to do some stuff to it however, a good chunk of my salary goes toward paying off my studies. I'm putting about $1500/month towards paying it off, which leaves pretty much nada towards mods.

I've been toying with the idea of my skipping a couple payments (not really skipping, but paying very little) and get some stuff for my coupe.

What do you guys think?? If i did, what mods would be most worth it?

Thanks for the comments!

[mcheddadi]

triple dog gt for you 2.5S and intake/exhaust

[08coupedriver]

MODD!!!!!!!!!!

[dldjros69]

I've had my coupe now for about 7 months, and i really want to do some stuff to it however, a good chunk of my salary goes toward paying off my studies. I'm putting about $1500/month towards paying it off, which leaves pretty much nada towards mods.

I've been toying with the idea of my skipping a couple payments (not really skipping, but paying very little) and get some stuff for my coupe.

What do you guys think?? If i did, what mods would be most worth it?

Thanks for the comments!

Not to be a P P or anything but if you ballin with the 1500 a month, why the altima coupe? why the 2.5???

if you got it like that throw a turbo in that bish.....

[LongBeachCoupe]

Whats the interest rate?

[Crazyirish]

Getting out of debt is always a better idea than modding your car. That being said, I've made the poor decision before.

[Ferguson]

If I was paying $1500/month.... I'd just pay off the car first, and think about modding it later.... that's pretty heavy money for a car payment already. Unless you have a rich benefactor, I'd avoid the mods until that loan was paid down! Just my $.02!

[OttawaCoupe]

Thanks for the input guys. i really want to get a new wheel/tire package to start it off.

The interest rate is at around 5%....oh and Ferg my car payments aren't $1500/month. The $1500 is towards my student loans. So if i skip a couple months than i'd have about 3K to play around with.

[Ferguson]

My bad! I read it wrong! See what happens when you get old?

If it works for you, I'd do some of both.... pay back a bit of the student loan, and grab a a few mods too.

[milkacaduke]

if ur paying $1500 per month just cut back a few bill every month and slowly build up ur mods list while paying ur loan. cuz u know, paying $1500 a month for a car at least make it enjoyable while ur at it

[Sensors]

Getting out of debt is always a better idea than modding your car. That being said, I've made the poor decision before.

I would have to agree with Crazy here, I would pay off the student loans, then mod the car.

[marlin29311]

Pay off the loan. There should be no debate.

[dangeris]

$1500 is more than my mortgage! Are you nuts Pay that loan off!

[RobPaulson]

pay off the loan.

[SniperJoe]

Pay off the loan(s) first!

[karu11]

i'm with others, getting off debt is def much better, but are you really going to listen what we're going to say?

*cough* eibachs and wheels *cough*

[Pawn]

Asking that question in this forum is like asking a barber if you need a haircut or asking a dealer if you need the premium package. Of course they will say yes

I am glad to see that many people in here have good sense and say that you should take care of your loan first. The longer you put off those payments, the more you will have to pay in the long run.

Get out of debt and then spend your money however you please

[Blackmobile]

totally pay back the loan, but it wouldn't hurt to cut back $100 from that loan payment every month. you don't need a lot of money to start modding. just get a $2-300 mod every few months instead of going crazy. that way you can do the responsible thing and have some fun while you're at it

[Flypinoy457]

I've been in somewhat the same situation OttawaCoupe, I graduated last May and had built up some debt throughout college. Like everyone else is saying pay off that loan ASAP but just keep in the look out for inexpensive mods here and there, first mod I bought was Loop's slightly used Eibach kit for a good deal, then did LBC overlays all in which was under 300 bucks, and group buys are your friend. **My next mod will be the racingline Y pipe for sure.

Now that I'm out of debt, im trying to save up to buy my first place which means cutting back on the modding

[rjdmmfl1]

Pay off the loan. There should be no debate.

Spoken like a true fiscal conservative .... just messin with you marlin...

real talk, I honestly don't see the harm in doing a little of both.. there's delayed gratification, and then there's no gratification until ur 50.... if ur paying 1500/month, and you're paying $1000 over your premium on your loan (thus your prmium would only be $500/month) I don't see anything wrong with say, paying a couple hundred less every other month, and doing a mod with that extra cash every other month.

that's still being fiscally responsible... being fiscally irresponsible would be paying the minimum on the loan, and spending $1000/month on mods... just my .03

[xeene]

stupid question in my opinion. one is a necessity other is a leisure, reason why so many people have credit problems.

[DAAN.]

"The interest rate is at around 5%" Jesus, my friend, used car companies have better interest rates. Pay off the loan and remove lien.

[Blackmobile]

what lein?? 5% isn't his interest on his car

[michaelthepsycho]

Darn it people READ!!! $1500 is student loan. I don't think he mentions ANYTHING about the coupe being financed or paid in full (I'll assume it's paid in full). Bottom line... Don't mod a 2.5 unless you have money to spare. Pay off your loan... Then save for your next car. Make this one last three to five. By that time you should be done with your student loan and you can sell your 2.5 to finance something else if you really want more HP (which is the point of mods)! Raise the roof... Whoo! Whoo!

[rjdmmfl1]

Darn it people READ!!!

I agree

sell your 2.5 to finance something else if you really want more HP (which is the point of mods)!

since when did THAt become the point of mods??? There is an entire forum here dedicated to audio/video mods, how does that increase HP, or does audio upgrades not count as real mods???

Wait, so are you saying I don't get more horsepower from having a TV on top of my engine cover? But its in the engine bay!!!!!!!!!

[Rob.Vegan]

Just have a video of a turbo charger playing in the engine bay and viola Doc has a turbo

As for the loan, I'm with everyone else. Just cut back like $200 or so and get some minor parts to give it a little pep here and there.

That is unless that $1500 has already been cut (ex. You should be paying $2k but are only paying 1500)

[Rmuth25]

Geez 1500 a month, please say you are a doctor or something that required having such large student loans!

[Rob.Vegan]

Well he did say salary so we know it's not a McDonalds job.I am pretty interested in this career however, care on sharing ???

[OttawaCoupe]

hahha...no i don't work at Mcd's. The reason i have quite a bit of student loan, is cause i have 2 degrees. One in Commerce (Business) and the other in Economics. Now some of you may not like me after i tell you where i work, but i gotta pay the bills some how, lol. I work at the Canada Revenue Agency (equivalent of IRS in US) as a Rulings Officer. Now i've calculated that all of my loan will be paid off by the end of next summer about 16 months, if i keep paying $1500/month.

To tell you the truth i'm surprised that most of you chose paying off the loan, but glad to know you guys are a respoonsibel group of guys!