Any cars for sale
#31
Originally Posted by pongobaz
Just curious why would using your line of credit be stupid? Assuming you had payed off your mortgage and you had this available line of credit at prime, wouldn't it make more sense to use that than borrowing at higher car loan rates? I think PCNA finances at 6.9% vs prime at 5.25% (in Canada anyway). The reason I ask is because I'm weighing all options: finance, cash or lease.
The money I lost in the markets between 2000-2002 could have easily financed a couple of nice p-cars! In 20/20 hindsight, I guess that would make a Porsche a better investment; certainly more fun while it's rapidly depreciating than watching your stocks tank.
Just my 2cents...meanwhile the hunt continues for my perfect p-car.
The money I lost in the markets between 2000-2002 could have easily financed a couple of nice p-cars! In 20/20 hindsight, I guess that would make a Porsche a better investment; certainly more fun while it's rapidly depreciating than watching your stocks tank.
Just my 2cents...meanwhile the hunt continues for my perfect p-car.