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How would you buy a 992? Cash, finance, lease?

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Old 08-31-2022, 03:32 PM
  #46  
ipse dixit
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Originally Posted by shrimp money
I'm aware that in the past, you would have to make that deal. But the dealer isn't getting their kickback when a buyer pays off the loan in two months. @bayareanady on IG discussed this in his stories last month. The SA would get their cut, but it would completely screw the dealership.

My response was simply because it seemed like an odd flex, to finance 40% of a car for two months, and then say I pay it off because you can't stand paying interest on a depreciating asset. As if it's some newfound thing that cars depreciate.
People flex oddly all the time on Rennlist.

Almost like a way of life here.
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Old 08-31-2022, 06:30 PM
  #47  
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Both cash on hand and financing are bad. It’s better to find a new source to pay for the car.

Mine is my couch. I’m looking for lost quarters to pay for the car. They were lost anyway, so no real financial impact. So far, I’m up to 7. I might have to cut back on options.
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Old 08-31-2022, 10:19 PM
  #48  
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Originally Posted by shrimp money
Who finances 40% of a car and pays that off in two months? Just write the check.


Also, if you’re rich, you’ll just write a check for the car, because you’re at a point where 12% gain on a $150k car doesn’t move your needle.
I did. Yup, me.

Humblest apologies if I didn't meet your standards for whatever it is. If you want the down and dirty I had a CD that popped and 'came due' at the 2 month mark after ownership that I had originally earmarked for the 911 ownership account after saving for it over lots of years. Couple that with I actually got a tiny bit (read $750) off MSRP if I financed the car through the dealer. It was a wash after the 2 months. That's my story. I forced myself to do that for my own reasons. Like I said in my original post "albeit flawed or not..."

It wasn't a flex, it was merely trying to tell the OP what I did, nothing more. It wasn't a weird flex either, although I'm flattered you think that was a flex. I have nothing to prove here, nor anywhere else be it in real life or behind the screen on the internet. I'm just here to help those that ask, share experiences and reasons based on individual experiences. Nothing more, nothing less.

Ingenious job for those who thought it was a flex. I wish I could think more positively like y'all and maybe I would have just written the rich check for the entire purchase price.

If you're referring to me, I never said I was rich and don't think nor qualify myself as being so.

Last edited by PHX; 08-31-2022 at 10:22 PM.
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Old 08-31-2022, 10:27 PM
  #49  
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Originally Posted by PHX
I did. Yup, me.

Humblest apologies if I didn't meet your standards for whatever it is. If you want the down and dirty I had a CD that popped and 'came due' at the 2 month mark after ownership that I had originally earmarked for the 911 ownership account after saving for it over lots of years. Couple that with I actually got a tiny bit (read $750) off MSRP if I financed the car through the dealer. It was a wash after the 2 months. That's my story. I forced myself to do that for my own reasons. Like I said in my original post "albeit flawed or not..."

It wasn't a flex, it was merely trying to tell the OP what I did, nothing more. It wasn't a weird flex either, although I'm flattered you think that was a flex. I have nothing to prove here, nor anywhere else be it in real life or behind the screen on the internet. I'm just here to help those that ask, share experiences and reasons based on individual experiences. Nothing more, nothing less.

Ingenious job for those who thought it was a flex. I wish I could think more positively like y'all and maybe I would have just written the rich check for the entire purchase price.

If you're referring to me, I never said I was rich and don't think nor qualify myself as being so.
In your post, you said you always finance a little bit, 40%, and then pay it off in two months. Meaning, you do this every time you make a car purchase. But now you’ve clarified, that it was a one off situation.
Old 08-31-2022, 10:32 PM
  #50  
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Originally Posted by shrimp money
In your post, you said you always finance a little bit, 40%, and then pay it off in two months. Meaning, you do this every time you make a car purchase. But now you’ve clarified, that it was a one off situation.
Indeed I did. This was a one off case, not meant to mislead or cause a ruckus over it.

All good!

Imma go flex and have some Costco Bourbon. Cheers!
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Old 08-31-2022, 10:35 PM
  #51  
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Originally Posted by shrimp money
Some of us have low income AND low net worth.
Exactly, I spent all my money on a Porsche but ONLY to teach my kids the value of sacrifice!! Ok kids, who wants Ramen for dinner??
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Old 09-01-2022, 12:04 AM
  #52  
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Originally Posted by JonCanadian
High net worth even with low income (retiree?) should mean having an FA unless your net worth comes only from your primary residence, which is maybe not the best place to be if you are buying a 992.
High net worth means different things to different people it is all relative. To some a million or two would be high net worth to others it would be tens of millions.
Old 09-01-2022, 11:51 AM
  #53  
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High net worth = giraffe money
Old 09-01-2022, 11:59 AM
  #54  
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Originally Posted by srf409
WTF is "giraffe" money?
Enough money to buy and maintain a pet giraffe
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Old 09-01-2022, 12:16 PM
  #55  
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Originally Posted by JonCanadian
Enough money to buy and maintain a pet giraffe
It's probably cheaper to own a giraffe than pay $3 for 3 pieces of lettuce every time we go to the zoo.
Old 09-01-2022, 02:25 PM
  #56  
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"Giraffe Money" is a term often used by people who got shares in a startup and then cashed them in when the company went public.
Old 09-01-2022, 02:43 PM
  #57  
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Originally Posted by srf409
1 or 2 million in todays world is no where near "high" net worth, not even close.
Correct, in this day and age a couple of million maybe considered pocket change to some people but to the majority of people it is more money than they will see in a lifetime. Some people that have 20 -30 million probably consider themselves high net worth and relatively speaking they are but to someone that has hundreds of millions or even billions the person with 20-30 million is a pauper. At the end of the day I don't give a damn how much the next guy has because there is always some out there that has more. Just be happy with what you have.

Last edited by phila12180; 09-01-2022 at 02:47 PM.
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Old 09-01-2022, 02:47 PM
  #58  
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Guess what though, we all die.
Old 09-01-2022, 02:50 PM
  #59  
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Originally Posted by shrimp money
Guess what though, we all die.
Exactly. Even Steve Jobs with all his money it couldn't save him unfortunately. If we have good health, we are far richer than the billionaire that is chronically ill.
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Old 09-01-2022, 06:02 PM
  #60  
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Originally Posted by shrimp money
I'm aware that in the past, you would have to make that deal. But the dealer isn't getting their kickback when a buyer pays off the loan in two months. @bayareanady on IG discussed this in his stories last month. The SA would get their cut, but it would completely screw the dealership.

My response was simply because it seemed like an odd flex, to finance 40% of a car for two months, and then say I pay it off because you can't stand paying interest on a depreciating asset. As if it's some newfound thing that cars depreciate.
I agree with you. CA said 6 months and then I can pay it off. In that instance, I would’ve paid off 99% day 1, hold a small balance with minimal interest accruing for 6 months and pay it off.


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