Buy a car now or invest and buy later?

[Wilhelm]

TATA Nano costs $3000 add Nitrous installation and rims for $5000.

you can leave the other $12k in BTC

[UnDerDoG81]

50% in BTC seems very high to me man. I personally believe in bitcoins future, but it is still a highly risky "investment". People invest or speculate with bitcoin all the time. That does not make it a good idea. You could get burned here.
If you have thought about all that and still want to do it then here is what I would do.
Get the price of the car you want and exchange that much $USD for BTCBTC.
Now start your search for a good deal. If bitcoin is in a growth mode (it mostly is) then by the time you are ready to pull the trigger you should have more than you started with. Buy and keep the change. If the price starts to tank, withdraw and minimize your losses. It is risky, but this is how I buy things with BTC, and it has worked out well.

P.S. I love my Bimmer!
BMW makes the best cars in the world, IMO.

Yeah but this can always go wrong. Timing must be perfect then.

Rather than buy outright, can you lease / hire a car? I lease a brand new BMW MSport 330d for £300 ($500) a month. It works out cheaper than buying new when you factor in depreciation, I can put more money into bitcoin now, and I get a new car every 2 or 3 years

I will buy it used. I never would buy a new car and lose 50% after 5 miles of driving.

[Kungfucheez]

50% in BTC seems very high to me man. I personally believe in bitcoins future, but it is still a highly risky "investment". People invest or speculate with bitcoin all the time. That does not make it a good idea. You could get burned here.
If you have thought about all that and still want to do it then here is what I would do.
Get the price of the car you want and exchange that much $USD for BTCBTC.
Now start your search for a good deal. If bitcoin is in a growth mode (it mostly is) then by the time you are ready to pull the trigger you should have more than you started with. Buy and keep the change. If the price starts to tank, withdraw and minimize your losses. It is risky, but this is how I buy things with BTC, and it has worked out well.

P.S. I love my Bimmer!
BMW makes the best cars in the world, IMO.

Yeah but this can always go wrong. Timing must be perfect then.

Rather than buy outright, can you lease / hire a car? I lease a brand new BMW MSport 330d for £300 ($500) a month. It works out cheaper than buying new when you factor in depreciation, I can put more money into bitcoin now, and I get a new car every 2 or 3 years

I will buy it used. I never would buy a new car and lose 50% after 5 miles of driving.

Well first off, buying or leasing a new vehicle will always be cheaper in the long run then buying a used vehicle. Period. There is no arguing this. As far as vehicles go, it's best to avoid new cars if you have no intention of keeping that car for a long period of time, as in, it will be the car you keep for many many years. So if you are unsure of this, it's probably better to buy used.

And second, then it all depends on your situation which we have no way of knowing. We don't know how old you are, your health, your job and income, if you really need a car in the first place...it's hard to give good advice without knowing who you are as a person   Your situation might be different then someone elses and it varies from person to person. In that case, the best advice is to judge yourself and decide on your own what's best for you.

[600watt]

my brother sold his beloved motocycle to invest in bitcoin in may 2013.

now he could buy three new ones,!

[BitchicksHusband]

I'm with the people that say buy the car on a loan and keep the money in bitcoin.  You get the best of both worlds.  I got my new Mercedes CLA 250 on a 1.9% loan for 66 months.  By then, bitcoin should make it easy to pay off.  If not, I can still afford it with my job.

[UnDerDoG81]

50% in BTC seems very high to me man. I personally believe in bitcoins future, but it is still a highly risky "investment". People invest or speculate with bitcoin all the time. That does not make it a good idea. You could get burned here.
If you have thought about all that and still want to do it then here is what I would do.
Get the price of the car you want and exchange that much $USD for BTCBTC.
Now start your search for a good deal. If bitcoin is in a growth mode (it mostly is) then by the time you are ready to pull the trigger you should have more than you started with. Buy and keep the change. If the price starts to tank, withdraw and minimize your losses. It is risky, but this is how I buy things with BTC, and it has worked out well.

P.S. I love my Bimmer!
BMW makes the best cars in the world, IMO.

Yeah but this can always go wrong. Timing must be perfect then.

Rather than buy outright, can you lease / hire a car? I lease a brand new BMW MSport 330d for £300 ($500) a month. It works out cheaper than buying new when you factor in depreciation, I can put more money into bitcoin now, and I get a new car every 2 or 3 years

I will buy it used. I never would buy a new car and lose 50% after 5 miles of driving.

Well first off, buying or leasing a new vehicle will always be cheaper in the long run then buying a used vehicle. Period. There is no arguing this. As far as vehicles go, it's best to avoid new cars if you have no intention of keeping that car for a long period of time, as in, it will be the car you keep for many many years. So if you are unsure of this, it's probably better to buy used.

And second, then it all depends on your situation which we have no way of knowing. We don't know how old you are, your health, your job and income, if you really need a car in the first place...it's hard to give good advice without knowing who you are as a person   Your situation might be different then someone elses and it varies from person to person. In that case, the best advice is to judge yourself and decide on your own what's best for you.

It was no personal question. I was only asking, what would you do? Speculate in BTC? Or buy something you like (not need)?

[BitChick]

I have read many times on this board where people wish that they had NOT sold BTC to purchase a car.  Taking this into account hubby (aka BitChicksHusband) just purchased a new car a couple of months ago.  We paid as little fiat as possible and are now making some painfully high payments.  But the goal is to just wait for a few more months, or year at the most, and there is a good chance we can just sell a few coins and pay the car off!     If that does not happen?  Oh well.  It is worth the risk to us at this point.  The car payment we can live with regardless, but it does make things a bit tight right now. 

[CryptoNames]

Put the 20K in bitcoin now.... buy an ashton martin or ferrari in 2-3 years

This

[Kaiji]

I was in a similar position years ago, invest my money in something or buy a car. I bought the car and after months of repairs, high insurance and bad luck I had to sell it for far less than I bought it and now have very little to show for it. It was a money sucker even though it always started. Ironically it was when bitcoins first invented and I was searching for something non-stock/bank related to invest in. Should have searched harder and discovered bitcoins.

So in your case I would say invest it in BTC even if you would lose everything. Just keep some of your money in fiat and not all in into BTC just in case things change. That way if you make a mistake you have back up money to reinvest when another good opportunity arrives.

If you buy the car make sure you have an honest mechanic check the car out before buying.

[Sindelar1938]

Buy btc not the car

But remember life is not lived in the future alone, keep enough for reasonable needs

[seleme]

I was offered a car for some of my BTC today 

But he asked big premium so I refused.

[jagd]

Buy your girl friend a nice rack.
Start walking to work.
You'll be happier while you wait.

[dg2010]

My advice as someone who had a 120d..... don't bother. It does not have the same refinement as the bigger BMWs. Engine noise quite annoying. It's like a tractor.

I bought mine for £28k and sold it for £10k 4 years later. The depreciation is crazy. And they cost just as much as a bigger BMW to service/repair.

I don't know what the car market is near you, but my advice to go for an older shape BMW, see if you can get a 330 for half the money. That way it won't depreciate so much.

[Double-Spent]

Do not take loans, don't be that guy.

Buy the car if you need it.

Invest the rest of your spare cash in BTC.

That's a no brainer.

[fr4nkthetank]

Why spend your own money on a car? Buy it on credit, lol. Seriously though, with half decent credit, you can get a loan under 10% APR for a used car (or much less if buying new). If you think bitcoin will go up by at least 10% a year, you could come out ahead by keeping the money in bitcoin. Plus, there's a realistic chance that bitcoin could jump up over 100% in the next few years. Or just cash out the bitcoin to make monthly payments. All of that assumes you can take the risk that bitcoin crashes overnight somewhere in that time period.

yeah, sure, but lets say bitcoin goes down.

Now you have car payments to make, and no more savings.  FUCKED.

better err on the safe side a bit there

[TrollboxChamp]

congrats on already having 50% of your savings in. If your young with no commitments i'd
1/3 Car
1/3 Stuff happens fund
1/3 More bitcoin

just an idea.
Please post a pic of car once you get it

This... Maybe buy some physical assets. Like gold or silver. If shit hits the fan a bar of gold will be worth a lot lot more than it is today. Bitcoin on the other hand will be a thing of the past.

[Rygon]

Why spend your own money on a car? Buy it on credit, lol. Seriously though, with half decent credit, you can get a loan under 10% APR for a used car (or much less if buying new). If you think bitcoin will go up by at least 10% a year, you could come out ahead by keeping the money in bitcoin. Plus, there's a realistic chance that bitcoin could jump up over 100% in the next few years. Or just cash out the bitcoin to make monthly payments. All of that assumes you can take the risk that bitcoin crashes overnight somewhere in that time period.

yeah, sure, but lets say bitcoin goes down.

Now you have car payments to make, and no more savings.  FUCKED.

better err on the safe side a bit there

Yeah, it's a matter of whatever level of risk OP is willing to take. The real question the OP is really asking is, "I have some real life expenses (like a car), and I want to know if I should take money out of my savings (Bitcoin) to pay for it."

And if OP is going to be in a tough spot if his savings drops to zero, then perhaps he shouldn't put as much money into bitcoin.

[JimboToronto]

If you live in a big city you can save money and hassle with one of these:

[predictbits]

If your 2000 VW is still running strong, keep it. When it starts giving up, look for another car to get you by for a couple years <5k.

[600watt]

Get your car financed. Put the cash into btc. Vey easy to Pay back the loan.