BradC

OK. I bought the 3.4 and It's pretty sluggish, but not too bad. Better than the 2.5 I4 I was driving. Anyway, I was planning on selling the car this spring, but I've already invested $1500 in it from my accident(wheels, tires, axle, muffler, Really good tune-up). I payed $3500 for it so I figure if I get $4500 out of it I'd be lucky. But if I did find a 93-95 Z for $5-6000, I'd just have to turn around and dump more $$$ into it for maintance since it will surely have high miles and be worn out. Since I'm 16 and don't make a whole lot of money I think It might be better to keep the 3.4 for 3 or 4 years until I save up enough $$$ to get a LS1 Trans Am. For now I was thinking I could get the following mods:

PaceSetter Headers
2 3/4in I-pipe/S-pipe/Tailpipes.
Hi-flow Cat
Superchip
Maybe colis, MSD, or something

I already have the airbox cut open w/ K&N filter, and it seems to works well. Do ya'll think these mods would be worth doing? The rest Of the money I make I was going to put in a 401k and when I get enough saved I was going to buy a Trans Am.
What do ya'll think?

Brad

silver600

I wouldn't put it in your 401k if you plan on pullin the money anytime in the next few years.. the hit you'd take on it would be pretty big.. are you vested? I'd take the money and put it in a 3 year high interest CD (shop around, banks will give you a good rate) and set the release date for 3 years.. that'll give you enough in interest to pay for TTL on the new car! If you put it in a 4 year CD ( a little tougher to find ) with a good high interest, you could really save up some dough.. how much are you thinking of investing?
If you gotta good interest rate, say 3.35% and set up 2 CDs of $1500 each for 1.5 - 3 years.. you'd be very wise and have a pretty nice downpayment for a new car by the time you're 18..

check out www.bankrate.com to help you look for a good bank, they'll show you which bank has what rates for the amount you want to save..
Good luck!



Cale

99blackSS

Work hard and save your money for three years. Don't do anything major to your 3.4l if you plan on getting a LS1 (people aren't going to give you very much if anything for the mods you have done to the car). Do your parents pay the insurance, because its going to be a lot for a LS1, my insurance on the SS is close to $4k a year on a clean record (used to be clean )

BradC

I have paid and will continue to pay for everything. Since insurance is high on a V8 I was going to try to pay cash for a used LS1. I can wait 3 or 4 years. It is better to go CD or 401K? I thought 401K is better since my employer will contribute to the sum. I need to put money in the one that will make the most money in 3 years. Then I can sell(or, try to sell) the V6. In three years how much will a LS1 car go for? They're @ $11-12K now.

PS. i make about $150 a week and may only bill is insurance which is $58 per month, the rest I will save. Working last summer I made $3000 in 3 months, had to borrow $500 for my parents, that's how I bought the Firebird.

Chrisz24

I would do what the previous guy mentioned and put it into a good CD for the time, (make sure you have some money still for yourself so you dont go broke)

Even if you didnt put it all in and a year later invest the rest in for 2 years I think you would be on the right track, I have plans of doing this once I save more then $5,000

Just keep thinking for the future, I was 18 when I bought my car, I put $4000 down and financed the rest (this was last year) I got a 4 year loan at $196.21 a month, now a year later I owe only $4000 on it so I have plans of paying it off this spring/summer 2-1/2 years early.