I need to find a better job.

 

This.

 

Even if the money's in da bank I am morally opposed to making payments for toys. Now business debt is whole nother proposition as it is working money building assets.

Peter

 

Yup! Keeping my bargain base 997.1 GT3. I don't care what the new one will cost. Still having all the fun I want in my baby!

 

+1

Something about paying finance costs on a depreciating "toy" asset.... is not for me either.
Now if PCNA ever comes out with a 0% down, 0% interest, open term loan plan... I might reconsider!!

Different strokes for different folks!

 

I would rather lease for 3 years for business and get write offs and then write a check for balance at the end. Turns out it is cheaper than buying from the start. I would finance as Mooty and invest money especially when you can finance for 1.5% now. Just my opinion though.

 

New engine is still unproven on the track. I will stick with Mezger! No direct fuel injection for me.

 

Isn't that all the same pile?

It feels better to have it paid off. I always start the Mooty way and then get annoyed with payments and do away with them anyway after a few months.

Finance is fine, but lease involves a contract with many words and math I cant deal with

 

I hear you on the money factor and mumbo jumbo, but I simply calculate monthly payments and add residual payoff and compare to finance amount and see what the total is at the end. In my case, I came out 3k ahead with a lease.

 

Quick search on Ebay, Porsche website and Autotrader for 2010RS:

3x GT2RS no miles to 1700 mile cars = $273K - 245K
4x GT3RS 3k - 15k miles = $115K tracked - $140K virgin
2x 4.0 both 4K miles = $254K and 245K

 

did you add the tax to the residual?
you should come out slightly worse or equal to financing (most cases)

i used to pay cash.
now i store cash.

 

i dont mean finance as in advancing money.
i mean you have 100k. then borrow some money to buy the car (current rate is low).... you have to be really really bad in investing to not net 2% a year. i traffic cuban cigars, so my return is higher than 2%. i sell to eddie and trakcar. so at the end, it's far cheaper to finance.

that said, if didnt have that 100k to traffic illegal substances, then no toy to buy would be best.

 

i see. but if you total car, then paid it off the day after, you will also forget... well some ppl forgets. i never forget all the money i flushed down the toilet. ugh...

 

Cheap Disposable Track Car FTW. I not in your league by any means, BUT I also have flushed a few $$$$$ down da toilet. I keep resolving to do it differently next time. I look at it as doing my small part to help the economy grow.

Peter

 

Cheap/disposable generally also means slow... But I totally see your logic.