Porsche ownership, Cash or Finance?
#76
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Dewinator, everything you say makes sense from a financial standpoint, but even though money at 2 or 3 %, or even .9%, is very cheap, the purchaser still has to come up with the funds for the payment every month. I like to pay the cash up front and not tighten up the monthly budget. If there's excess, put it away, in essence paying yourself back for the car instead of the bank.
#77
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Dewinator, everything you say makes sense from a financial standpoint, but even though money at 2 or 3 %, or even .9%, is very cheap, the purchaser still has to come up with the funds for the payment every month. I like to pay the cash up front and not tighten up the monthly budget. If there's excess, put it away, in essence paying yourself back for the car instead of the bank.
#78
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Gary JR,
Sure, if you have the stomach to take it out of the bank every month. I completely understand the concept of cheap money, but I think there's a lot to be said for writing a check and then never having to worry about it again. It's gone money.
If I'm writing a check every month, I'm facing the wisdom of that luxury purchase over and over and over again.
Sure, if you have the stomach to take it out of the bank every month. I completely understand the concept of cheap money, but I think there's a lot to be said for writing a check and then never having to worry about it again. It's gone money.
If I'm writing a check every month, I'm facing the wisdom of that luxury purchase over and over and over again.
#79
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Gary JR,
Sure, if you have the stomach to take it out of the bank every month. I completely understand the concept of cheap money, but I think there's a lot to be said for writing a check and then never having to worry about it again. It's gone money.
If I'm writing a check every month, I'm facing the wisdom of that luxury purchase over and over and over again.
Sure, if you have the stomach to take it out of the bank every month. I completely understand the concept of cheap money, but I think there's a lot to be said for writing a check and then never having to worry about it again. It's gone money.
If I'm writing a check every month, I'm facing the wisdom of that luxury purchase over and over and over again.
The good news is we all get to make our own choices.
#81
Race Car
#83
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This is my first 911, so I leased it. I really wasn't certain how to configure it and I went on recommendations from what I read, my SA, and service advisor. At the end of the lease, if by chance I happened to configure a perfect car for me, I'll buy it. But if I want to make adjustments in the configuration, then I'll do it then.
For example, I thought the base 911 probably has more capability than I will ever use, but perhaps I'll want an S. I haven't had PSE before, so will I think it's worth the price? Or will the glass sunroof work instead of an open air car? With all these configurations, I need to have a least one of these before deciding what I really want.
#86
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Both: rates are so low, I got 1.75% fixed for 5 years - given investing I am already up on this leverage and I expect it to be more so over 4-5 yrs - but I also put enough down so I can sell and not owe, so I use a mix of cash and leverage.
#88
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http://www.att.com/gen/investor-relations?pid=5675
It all boils down to your preference. You could leave money on the table, but if you're going to lose sleep over the risks involved in investing the $100K, pay up front and sleep with the title under your pillow.
#90
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Not so sure about that. Lots of successful people there that know how to take advantage of cheap money. Apple has all the money in the world - over $100B. So why do they borrow billions? Smart to use cheap money, that's why.