yrralis1

I have never financed a car . If I didn't have the money I didnt buy the car . I also did not finance my house . If I lost every investment today the home and cars are tangible items of equity . Its a nest egg. I tried leasing. twice (never Porsche) and hated it. I bought both cars in the end . I like the pride of ownership and seeing my name on the car title .

jhenson29

I always lease my giraffes.

ipse dixit

I eat them. Tartare usually.

Drew46

I am sorry, but that is the wrong way to eat giraffe. You need to eat them in lettuce pockets with $3 lettuce.

JonCanadian

You both have it wrong. Giraffes aren't for eating. They are for entertainment.

Tobeit

My wife would murder me if I show her we (even jokingly) talk about eating Giraffe's. At least that topic is a little more entertaining than how to buy a 992.

jhenson29

I feel like that would affect my residual.

Shikar

And I am enjoying every minute of it 🥳

PS. Cash for everything in life - cars / houses / ranch / land. Everything.

Greenwillie

How would you buy a 992? Anyway you can. LOL

surquhar

And you made these decisions all by yourself? Wow!

Jack-Porsche

The real answer to these types of questions are rather simple.

Do you have an investment which will yield a net positive compared to the cost of financing?

Example, if the financing is 4% interest and the money you have which you would use to pay cash is giving you a NET yield greater than that, then finance the vehicle. If not, pay cash.
It really is that simple .

siberian

Never. The day a FA reimburses his/her mistakes I'll call on one. In the meantime I'll make my own mistakes, save the fees and the BS. Back in college we had a Friday night poker game and one of my roommates always said "You ain't got it, don't play. The bank don't bake bread, we don't give credit".

My 992? Was 100% paid by Ferrari stocks that my high school buddy a hedge fund manager in London advised against at $87 or so. Took me 3 years but didn't cost me a dime. So FA...yeah right...

siberian

JonCanadian

Fully agree

AlexCeres

it’s more complicated than that because people keep forgetting about taxes. Depending on the type of assets your wealth is tied up in, it could be illiquid like a small business or commercial real estate, or it could have an outstanding capital gains liability, or a lot of other complications. Total interest payments on financing really deserves to be compared to tax liability and other redemption costs.

a lot of people make financially imprudent decisions that could have been avoided by paying interest instead of taxes and forgoing the heritage leather upgrade (or whatever. Just saw a guy ask about putting $40k in options on a base trim..)

don’t listen to my advice, but I sure hope you do your own math for your own circumstances comparing the total cost of financing vs the cost of a full cash payment. If you don’t, please post back here the results for my entertainment

AlexCeres

cool story bro. Did you sell that RACE for the 992 at .. gains of $100 a share ? Sweet investment. Alaska, no state income tax, very nice. But federal reaches up to 23.8% depending on your income and when exactly (which tax law) you sold under. Now a couple years ago buying a 992 with a SLOC against the RACE could hit 1% to 1.5% interest for vips but we can round to 2%. Let’s assume a $150k 992. Paid off over 5 years is $7800 in interest. Selling the RACE is $46800 in taxes.

financing would have saved you $39000
plug in your own numbers, but guys, in a high inflation low interest period stop wagging your all cash ideology like it will impress folks who can do high school arithmetic