View Poll Results: How are you buying your 911?
100% cash
122
48.61%
Financing with down payment
114
45.42%
Leasing
11
4.38%
Other
4
1.59%
Voters: 251. You may not vote on this poll
How are you buying your 911?
02-24-2022, 10:21 AM
#61
Instructor
I have a 'working money' budget and a 'play money' budget. I absolutely try not to finance anything in the latter category. The Porsche definitely falls under the 'play money' category but couldn't quite swing all cash. Put 2/3 down and financed the last 1/3 at 2.49% at 72 mo but will be paid off by the end of the year.
02-24-2022, 11:48 AM
#63
02-24-2022, 03:17 PM
#64
Rennlist Member
Perspectives on how to finance/pay for a 992 will be skewed by the country a person lives in. In Canada, there is no sub-3% financial institution financing available; even a LOC is going to be at an interest rate (in most cases) in the 5%+ range. As for leaving money in the market rather than taking a chunk of it off the table to pay cash or put a big DP on a large consumer purchase, all I can say is "good luck" with that strategy. With Tesla at $864 (as I write this) serving as the poster child for chillingly outrageous valuations, it requires a degree of bullishness beyond reason to think the run will continue, and past returns will reflect future performance. In my view, reality will bite soon and hard.
However given the current volatility in the market I agree it’s best to pay cash. It’s going to extremely hard to guarantee any profits in the near future.
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