What to do with settlement?

[Rockinlittle325i]

well I dont exactly know how much I'm getting,
but the plan is to save most of it, and go car shopping

[ACMF74]

The "smart" thing to do would be to invest it in something so you can get a bigger return on your money in the future, but obviously the fun thing to do would buy a new E30.

+1

dont blow it on something stupid

[Massive Lee]

If you are indeed getting $20k from that settlement, then I would surely use it as a downpayment on a house or condo. The market is very weak now and you can probably buy something great at 60% its original price. Your mortgage will also be the same as a monthly rent. So, it is a no brainer...

[Jonny Cash]

I'm liking all this,
I dont know exactly the range I should expect but I know it's going to be 2000-10,000 if everything goes right
I have no credit cards, I dont want to get into debt untill I'm set in a career

eh. Just put it away until your ready for a down payment on a house. Dont waste your money on car stuff unless you can really afford it.

.... Im assuming you're young.. WHy else would you ask a car forum what you should do with your money..

[Hick]

hookers

[z31maniac]

All maintanence items, all new suspension components (including a drop).

Then wheels and tires, then power.

[Rockinlittle325i]

I dont think I was to keep the M42 though

say I buy another e30, what would give me the most bang for my buck
(in other words what is the one thing you would buy for a fresh e30?)
lowering springs, motor work, nicer wheels/tires, and so on?

[z31maniac]

Turbo 318is is what I would do if I was starting fresh :)

Bored and Stroked 318is Turbo is what I'd do.

[Mr Two]

Turbo 318is is what I would do if I was starting fresh :)

[Alkasquawlik]

The "smart" thing to do would be to invest it in something so you can get a bigger return on your money in the future, but obviously the fun thing to do would buy a new E30.

[xwill112x]

318i, you'll love the m42 ;)

[Rockinlittle325i]

well what should I look into getting?
a 318i(s) and do a motor swap?
325i(s) and the whole art car tribute paint?
325e(s) and do a motor swap?

or none of that?

[2002maniac]

pay off high interest debt. then have some fun!

[z31maniac]

^That's what I understand as well.

I'm liking all this,
I dont know exactly the range I should expect but I know it's going to be 2000-10,000 if everything goes right
I have no credit cards, I dont want to get into debt untill I'm set in a career

Keep the idea of no debt even once you have a career established, with the exception of a mortgage.

[StereoInstaller1]

I took the credit rating of my 2nd wife from a deadbeat 320 (welfare mom, no positives at all, blah blah blah) to a solid 680 with her making $8.50/hr in under 3 years doing just what I described.

Showed "paid" on her CR