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View Poll Results: did you pay Cash Finance or Lease
Paid cash
62
53.91%
Financed
28
24.35%
Leased
25
21.74%
Voters: 115. You may not vote on this poll

did you pay Cash Finance or Lease

 
Old 03-18-2014, 11:03 PM
  #61  
fast1
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Originally Posted by LexVan View Post
I understand that. I wonder if more States double dip, or give the exclusion?
Maryland use to double dip, buy they ended that practice when they increased the sales tax. I fully expect them to eliminate this exclusion in a few years.
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Old 03-19-2014, 11:41 PM
  #62  
Flying_Dutchman
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finance for most recent car (991 CS cabriolet); interest rate exceptionally good - used the cash to pay off part of the mortgage on the house instead.....
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Old 03-20-2014, 02:39 PM
  #63  
Zohan
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you are in Dubai? is 911 in Dubai like KIA in US?

interest rate? thoght muslims cant charge interest? and you get $ at 0%



Originally Posted by Flying_Dutchman View Post
finance for most recent car (991 CS cabriolet); interest rate exceptionally good - used the cash to pay off part of the mortgage on the house instead.....
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Old 03-20-2014, 07:07 PM
  #64  
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Leased.

It's my daily driver and I will get rid of it within 24 months/30k miles.
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Old 03-08-2019, 04:55 PM
  #65  
IXLR8
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Originally Posted by Zohan View Post
Did you pay Cash, Finance or Lease for your 911 and why.
Cash for everything including both my 911s. Not bad for a tech.

Why? I hate banks and insurance companies.

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Old 03-08-2019, 05:32 PM
  #66  
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Originally Posted by Red-Baron2 View Post
Paid cash- no trade.
Same here, I hate to give money to the bank if I don't have to. Would prefer they give me money instead.
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Old 03-08-2019, 05:42 PM
  #67  
vipertom 1970
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Cash for my first Porsche 991.2 Targa 4GTS but took ten years to get there.
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Old 03-08-2019, 05:50 PM
  #68  
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Cash. I hate debt.
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Old 03-08-2019, 06:49 PM
  #69  
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I would not pay cash for something I can finance at a lower rate than what I can get out of investing that money.

It just makes no sense paying $100K+ cash when I can finance it at 1.74%, and at the same time I can put that money in a CD at 2.4%. And that is JUST a CD. Investing in a good fund would yield way more than that.

Heck, if I can buy something that has a 0% for any number of months, I take that every time, knowing that I would have the cash at the end of the term to pay it off and then some extra from interest.
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Old 03-08-2019, 06:52 PM
  #70  
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Originally Posted by alex_c View Post
I would not pay cash for something I can finance at a lower rate than what I can get out of investing that money.

It just makes no sense paying $100K+ cash when I can finance it at 1.74%, and at the same time I can put that money in a CD at 2.4%. And that is JUST a CD. Investing in a good fund would yield way more than that.

Heck, if I can buy something that has a 0% for any number of months, I take that every time, knowing that I would have the cash at the end of the term to pay it off and then some extra from interest.
Smart man.
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Old 03-08-2019, 06:52 PM
  #71  
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If you can afford to pay cash then you can buy, do what personally makes sense, lease/finance/cash. As much as owning a Porsche makes sense.
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Old 03-08-2019, 07:00 PM
  #72  
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Cash Finance, I went through my bank I believe it was 3%, They gave me a check for the cost of the car and used that to buy the 991.1S. Porsche was like, what offer did you get, We will try to beat that. The minute I told them the pct rate, they were like oh yeah take that one..

Last edited by 2010panny4S; 03-08-2019 at 07:41 PM.
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Old 03-08-2019, 07:06 PM
  #73  
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Originally Posted by alex_c View Post
I would not pay cash for something I can finance at a lower rate than what I can get out of investing that money.

It just makes no sense paying $100K+ cash when I can finance it at 1.74%, and at the same time I can put that money in a CD at 2.4%. And that is JUST a CD. Investing in a good fund would yield way more than that.

Heck, if I can buy something that has a 0% for any number of months, I take that every time, knowing that I would have the cash at the end of the term to pay it off and then some extra from interest.
Where are people getting these rates of 1.74% on a purchase of $100K and more? I have a credit score in the 800's, little debt, no credit card debt and I get mailers for credit card companies gloating about an interest rate of 10%? Of course I laugh at it while I'm ripping it up. But I can't imagine that a standard car loan would be less than 4% in today's market. But I guess that I would not know.
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Old 03-08-2019, 07:13 PM
  #74  
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Finance w/20% down. Actually surprised I could afford my 1st Pcar, wasn't expecting to own one until my mid life crisis lol
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Old 03-08-2019, 08:11 PM
  #75  
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Originally Posted by alex_c View Post
I would not pay cash for something I can finance at a lower rate than what I can get out of investing that money.

It just makes no sense paying $100K+ cash when I can finance it at 1.74%, and at the same time I can put that money in a CD at 2.4%. And that is JUST a CD. Investing in a good fund would yield way more than that.

Heck, if I can buy something that has a 0% for any number of months, I take that every time, knowing that I would have the cash at the end of the term to pay it off and then some extra from interest.
While I recognize the wisdom in this, I still paid cash because I just dislike debt. And even if I my investment gets a 1.5% better return on the $100K, vs financing (say 1.74% vs 3.25% investment return) after paying taxes on the gains it's around $1K savings per year - just not worth the hassle at that point... I'd rather not carry the debt. But I'm not a sophisticated investor, so I keep things relatively simple. If I was even moderately sophisticated, I'd at least have bought used, rather than new...
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