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re: Who is the national market for $80k suv's?
Posted on 10/24/21 at 10:15 pm to tigerfan4120
Posted on 10/24/21 at 10:15 pm to tigerfan4120
It’s funny that the horse guy is telling everyone else how to spend money. I have friends in the horse game, and the bills are out of control.
As far as paying cash vs financing, I understand the argument being made about taking the 0% financing, but I still choose the paying cash option. If you have $80K in cash and spend $80K on a car, that’s stupid and you are not good with money. If you have $500K in cash and spend $80K on a car, I think it’s a good decision.
The habits of saving and paying cash for this purchase makes more sense to me. And I don’t like having payments.
As far as paying cash vs financing, I understand the argument being made about taking the 0% financing, but I still choose the paying cash option. If you have $80K in cash and spend $80K on a car, that’s stupid and you are not good with money. If you have $500K in cash and spend $80K on a car, I think it’s a good decision.
The habits of saving and paying cash for this purchase makes more sense to me. And I don’t like having payments.
1
Posted on 10/24/21 at 10:18 pm to Grinder
My guess is that most people that are buying an $80k car don’t have that in the bank trying to make a financial decision. They’re trying to figure out if they can cover $1,000/mth for the next 7 years.
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