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re: Financing is OOC

Posted on 5/4/19 at 5:46 pm to
Posted by OceanMan
Member since Mar 2010
20566 posts
Posted on 5/4/19 at 5:46 pm to
quote:

$230k at 4% over 20 years is a financing deal I'm taking every single day of the week.


You have to own the boat for this financing deal.

Do you buy every truck that is offered at 0%? Cmon man.
Posted by slackster
Houston
Member since Mar 2009
87085 posts
Posted on 5/4/19 at 5:51 pm to
quote:

You have to own the boat for this financing deal.

Do you buy every truck that is offered at 0%? Cmon man.


We're arguing different things. You conceded that if you're already buying the boat, the discussion of how you pay for it is different. That's all in contending.

I've got no qualms about the fact people abuse financing, but blaming it on the deal itself is wrong. There are people who take advantage of financing all the damn time, but fools on this board think it's always a bad decision.

Financing a house and financing a car are the same thing. It's not like paying cash makes a car no longer depreciate.

If you're going to buy X, and you can pay cash or you can finance, you should consider financing. Period.
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