How would you buy a 992? Cash, finance, lease?
08-30-2022, 11:51 AM
#16
Well said! That's the main reason I posted- to see what you guys would personally do in current times
Last edited by Triathlonkid; 08-30-2022 at 11:52 AM.
08-30-2022, 12:09 PM
#17
Racer
50% cash, 50% finance. I got a 3.8% rate over 60 months and I think I can do a bit better than that with that money invested. However I will plan to pay off aggressively depending on how market conditions play out.
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detansinn (08-30-2022)
08-30-2022, 12:27 PM
#18
Race Director
without knowing your complete financial situation, no one can really wisely advise you on this. As someone who is seemingly capable of purchasing a $150k vehicle, I'm sure you have a decent grasp of your risk tolerance, ability to cover a loan/lease, idea of income stability, etc.
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08-30-2022, 12:57 PM
#19
Like the responses of 911 as a toy, it is my daily driver. Large down payment and finance remainder to take advantage of good APR, or cash if APR is not good either one works. Just ensure that you can write a check for the car before making the move.
Last edited by voyagez.fr; 08-30-2022 at 12:58 PM.
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detansinn (08-30-2022)
08-30-2022, 01:30 PM
#20
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An internet forum on cars doesn't seem like a sensible place to be getting financial advice. Just saying.
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08-30-2022, 01:38 PM
#21
For my Macan and soon to be Taycan I use financing as I get to deduct all of the interest that I pay since I use them 100% for work which is helpful since I live in CA. Toys are paid for in cash as they are more expensive and I don't want to have a $10k+ in total monthly car payments.
08-30-2022, 03:18 PM
#22
RL Community Team
Rennlist Member
Rennlist Member
I don't think you should be taking financial advice from the folks on Rennlist.
And if you do, you only have yourself to blame.
And if you do, you only have yourself to blame.
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08-30-2022, 03:55 PM
#23
Racer
These threads always lead to a definitive, universally-agreed conclusion, LOL. Next up, what’s the best spec?
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aggie57 (08-30-2022)
08-30-2022, 04:00 PM
#24
Anyway, agree with earlier posts - if you look for RL for financial advice you are toast.
08-30-2022, 04:09 PM
#25
Rennlist Member
100% Financed or 100% Cash whichever way you look at it: Sold off some equities that were doing poorly to buy the car outright then financed a loan to invest back into the markets.
Two main benefits: 1) Locked in a nice capital loss for income tax time & 2) Loan interest is a write off because it is to invest.
Not financial advice
Two main benefits: 1) Locked in a nice capital loss for income tax time & 2) Loan interest is a write off because it is to invest.
Not financial advice
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08-30-2022, 04:10 PM
#26
Race Director
08-30-2022, 06:15 PM
#29
If your are in a 992 income bracket, you should be able to: a) Ask your accountant/FA for professional advice; b) do the math yourself; c) both of the above. If those options aren't available to you and you are taking advice from people you don't know and don't know you, whatever decision you make is going to be wrong.
08-30-2022, 06:16 PM
#30
Burning Brakes
What have you done with your previous autos?
What does your gut tell you?
It's highly individualized based on about a zillion different data points that are all specific to you.
I always finance a little bit (40%) and then pay it off in 2 months or so. Mainly because I can't stand carrying depreciation asset debt. That's just my brain working, albeit flawed or not.
Do what makes you happy and comfortable, not what everyone else does.
What does your gut tell you?
It's highly individualized based on about a zillion different data points that are all specific to you.
I always finance a little bit (40%) and then pay it off in 2 months or so. Mainly because I can't stand carrying depreciation asset debt. That's just my brain working, albeit flawed or not.
Do what makes you happy and comfortable, not what everyone else does.