Im stuck between a rock and a hard place. I am getting some $$ back (about $1,800) from my tax returns and want to get something for the TL.

Here is what I have thought of so far...

Spend almost all of it and get 18" wheels and tires

Spend about $650 for the Tein Basic's and the remainder stick in the market

Spend about $850 for the Tein SS and the remainder in the market

Spend about $1100 for the E-Shift and the remainder in the market

Spend almost all of it for E-Shift and Tein Basics.


To give some background on me, I like it all. Looks, handling and performance. I dont really care which I do first, but my dad is hounding me to put most of it in the market since the money I have in there now is doing really well! He would probably castrate me if I spent all of it since I sometimes have trouble with $$ management! but at the same time, it's still my money!

 

I've always been a fan of pumping money into making the car perform better before working on the looks.

 

My vote, which isn't listed in your poll, is to change the number of exemptions claimed throughtout the year so the IRS doesn't have your money for an entire year.

 

I would put it all in the market (but that's me). Start an IRA if you haven't done so already. Remember, buying a car is a lousy investment and money spent in mods is even worse. Just my

 

ROTH IRA if you don't have one already. That's where my tax return goes every year.

 

They don't pay you interest for holding it all year (of course, you have to pay interest and/or penalties if you hold it all year and settle up in April).

Anyway, I'd get some wheels if you can find a set you like for under $2k...otherwise, some sort of suspension (Tein SS will require a camber kit, ie. more money) and the CT RSB.

 

Being part time and living at home I cant have any exemptions so thats out of the question. I want to leave the money I have in the market there for a while, then when it builds up some more, I will transfer it to an IRA, hence the reason to add to it.

Oh well, I will let this go for a bit more time first. I havent gotten the return yet so I can't do anything right away anyways. It's all filed, just waiting for the direct deposit!

 

You can claim as many exemptions on your W-2 as you want...the more you claim, the less they take. Only when you actually file taxes do you have to claim the correct number of exemptions. For example, I claim 3 on my W-2's, but 1 when I file...and I still get a refund.

 

I love this approach! Used to do it, but changed in the past 2 years... this year a portion of my return is already spent on new garage doors because one fell apart and almost landed on the TL!

As for the mods, I also prefer perforance vs. appearance.... hey man, you're young - do it while you can!!

 

Rims and Suspension upgrade is a must. They go hand to hand. YOu gotto have both so they will compliment each other. But I would go 19's over 18's. Wheels first since you have $1800 to spend.

 

Knock off some payment if you haven't already paid it off. Try investing or save at least half for that rainy day. I know it's early, but think retirement!

 

^^ well, thats why I want to put some into the market and spend the rest. My $$ in the market increased by 20% and it's only been in for about 8 months!! I want that to keep going!

ed99....I would love to do 19's, but here in WI the roads suck too much for that. The reason I am actually going twoards the tein's is because of the pics of your car in the NBP thread! That drop is hot!

 

suspension

 

Exactly.