how much income do you need to buy a 997
02-10-2008, 10:37 PM
#256
I coudn't disagree more on paying cash...If you have the cash, invest it and make money on it, don't dump it into a depreciating asset...should be able to make 10% on it and you are borrowing at 6-7%...difference of 3-4% return....Invest, Invest, Invest...
02-10-2008, 11:07 PM
#257
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I didn't read all the responses but I'll tell you what i did with my latest buy.
I took an equity line on my house with a reaaly low rate. Total write off (including home office deduction tied to the deal) and I'll be selling the house in 3 years anyway so I won't be paying on this for the next 30 years..
Could have paid cash but why?
tw
I took an equity line on my house with a reaaly low rate. Total write off (including home office deduction tied to the deal) and I'll be selling the house in 3 years anyway so I won't be paying on this for the next 30 years..
Could have paid cash but why?
tw
02-10-2008, 11:55 PM
#259
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tw
02-11-2008, 07:23 AM
#260
During the past year, most likely all of us on this forum have invested better than banks - considering the $billions they have lost in mortgage derivatives.
Of course you are referring to the sub-prime interest loans which by definition are high risk. Not all banks participated in this high risk actiivity, and I was referring to car leases which have minimal risks for the banks. Also, in case you haven't noticed all major indicies are down big time over the past four months. NASDAQ is down almost 20%, and the DOW and S&P aren't too far behind. So if I bought my 997 in October and invested the $90K in the market, I wouldn't be too happy right now.
Of course you are referring to the sub-prime interest loans which by definition are high risk. Not all banks participated in this high risk actiivity, and I was referring to car leases which have minimal risks for the banks. Also, in case you haven't noticed all major indicies are down big time over the past four months. NASDAQ is down almost 20%, and the DOW and S&P aren't too far behind. So if I bought my 997 in October and invested the $90K in the market, I wouldn't be too happy right now.
02-11-2008, 09:31 AM
#262
Race Car
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You mean like the the S&P 500 or the Nasdaq or the DOW? You would not have made a dime in 7 years. No longer can you just throw money into the market and make a decent return. If you do not actively manage you money or hire someone to manage it, you will lose.
The market no longer belongs to your parents and grandparents.
You mean like the the S&P 500 or the Nasdaq or the DOW? You would not have made a dime in 7 years. No longer can you just throw money into the market and make a decent return. If you do not actively manage you money or hire someone to manage it, you will lose.
The market no longer belongs to your parents and grandparents.
02-11-2008, 10:16 AM
#263
I'm a cash guy unless they offer some subsidized finance rate like the 1.9% I got from Audi in 2002. A case can be made for paying cash, leasing or financing. In my case I feel most comfortable paying cash.
At the present time most companies are offering lease rates in the 6%+ range. If I were fortunate enough to make 10% on a long term investment, I would net a little over 6% after paying federal, state, and local income taxes.
Of course many of you are able to write off leases as a business expense or finance your car by taking a second mortgage. So everyones circumstances are different. In my case I hate having debt of any kind. Maybe my preferance doesn't maximize one's wealth, but it gives me peace of mind.
At the present time most companies are offering lease rates in the 6%+ range. If I were fortunate enough to make 10% on a long term investment, I would net a little over 6% after paying federal, state, and local income taxes.
Of course many of you are able to write off leases as a business expense or finance your car by taking a second mortgage. So everyones circumstances are different. In my case I hate having debt of any kind. Maybe my preferance doesn't maximize one's wealth, but it gives me peace of mind.
02-11-2008, 10:30 AM
#264
1999 - Are you kidding me? I personally have experts managing my money, however, lots of money has been made in the last 7 years and a lot of money has been made the in the last 70, recessions, bulls, bears, etc......I'm out of this thread, pay cash, invest, do whatever you feel comfortable with...
02-11-2008, 11:11 AM
#265
Race Car
1999 - Are you kidding me? I personally have experts managing my money, however, lots of money has been made in the last 7 years and a lot of money has been made the in the last 70, recessions, bulls, bears, etc......I'm out of this thread, pay cash, invest, do whatever you feel comfortable with...
02-11-2008, 11:11 AM
#266
\
You mean like the the S&P 500 or the Nasdaq or the DOW? You would not have made a dime in 7 years. No longer can you just throw money into the market and make a decent return. If you do not actively manage you money or hire someone to manage it, you will lose.
The market no longer belongs to your parents and grandparents.
You mean like the the S&P 500 or the Nasdaq or the DOW? You would not have made a dime in 7 years. No longer can you just throw money into the market and make a decent return. If you do not actively manage you money or hire someone to manage it, you will lose.
The market no longer belongs to your parents and grandparents.
02-11-2008, 11:23 AM
#267
Race Car
02-11-2008, 11:47 AM
#268
Rennlist Member
IMO, it doesn't matter how much money you need to make... so long as it's enough to make paying for the car (no matter how you finance it) entirely painless.
02-11-2008, 02:01 PM
#269
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I only made it to page 3 before I got tired of reading. There are many types of owners. The ones that can just write a check without affecting their quality of life at all and on the other extreme are the owners who struggle to make their monthly payments. Who cares?
