Motorin Mark

[QUOTE=kpblade;17151254]
Please keep us posted.

couturegirl

[QUOTE=kpblade;17151254]I ended up going through a credit union for 1.99 for 60 mos, (with 53k down), I was considering PFS and it was still 2.99 as of the end of last week

Maverick787

All persons have various options that make sense to them. My preference is to have zero debt, and cars are toys which I pay for upfront. My investments strategy takes priority over all expenses, and a car budget I use when I can fund 100% of the purchase. Just not a fan of personal debt, and god knows I had my share/once you make it go away frankly you don’t want to see it again.

TTG

This! As far as I am concerned this is a completely useless / unnecessary purchase. So you either have the $$ or don't.

For things like this, I save 1st, make my investments ahead and when there is enough funds in the car / toy account I pull the trigger.

Autobacs

I’m bringing this back to the top of the heap. I’m curious now with the market tanking how you guys that have just ordered plan to pay for your car

mksz51

If you have a well balanced portfolio temporary market declines like we currently have aren't devastating - just a fact of life. Not out to give financial advice - but I'll render this opinion. If a market turndown means you lose the value "equivalent" temporarily of something you are considering buying you probably shouldn't buy it to begin with. At this point in life I only pay cash for cars.

Autobacs

Agreed. My guess is that a lot of folks had money in Growth Stocks and now with the rotation into Value as well as Bitcoin taking a hit, I'm curious about how this might be impacting high end cars and purchases like Rolex watches etc.

992dreams

Ha - maybe my Rolex AD will actually have watches you can buy!

Seriously though - I planned on paying all cash, the vacillated to financing some. I am back to just paying cash.

Autobacs

Used Rolex Submariner - Stainless Steel......originally $5k..........used now $13k to $15k. Porsche availability is next to nil, 992's commanding a premium as a result (I see a lot more people checking out my car now).........now with stocks correcting and Russia invading........almost want to track what this does to Porsches and the Rolex market......crazy times my boys.

992dreams

Strange times for sure. It will be interesting to see how banking and finance sanctions impact all of this.

yrralis1

I have never financed a car . I tried leasing once (BMW) and hated it . I pay cash . I like having my name on the title . For me the pride of ownership is old school but works for me . I didn't finance my house either.. I lived in it fir 30 years and its now worth 5 times more . (maybe more) . I could have bought a bigger home later on in life or a more expensive car and didn't want to. I hate the feeling of owing money . Its even worse on a depreciating item. The lure of low interest does nothing for me. The day you dont make that payment too find out how quickly its not yours . Plus if I lost it all then I have my home and cars as a sold nest egg of equity . That takes a lot of worry away . I think most have to choose what they find comfort in .

ron4sc

100%

written by a person who has enjoyed bull markets but has also weathered a few bears too.

we are debt free and intend to either write a check or put down $100k and pay the balance within six months.

I plan to keep the car for at least ten years if not longer.

Fullyield

I always use cash for my vices and luxuries (which includes my sports cars). Just the way I roll…..and my prostitutes appreciate the $. Cash upfront puts them in a better mood.

c1pher

FYI, PenFed is offering 2.39% up to 72 months for new and 2021+ cars with under 7500 miles. This includes refinancing already financed vehicles.

icanthelpit

None of anyone's business should be a poll choice.