- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Financing is OOC
Posted on 5/4/19 at 5:55 pm to slackster
Posted on 5/4/19 at 5:55 pm to slackster
quote:
In the decision to pay cash vs finance, the underlying asset simply doesn't matter.
The underlying asset determines the interest rate. It absolutely matters.
You have to settle on an asset before you have all of the information to determine how you will finance it.
ETA: look I know you are a smart guy but I think you are missing something here that I think is irresponsible to omit. I dont mean to come across as argumentative and intentionally missing your point.
This post was edited on 5/4/19 at 6:01 pm
3
Posted on 5/4/19 at 6:06 pm to OceanMan
quote:
The underlying asset determines the interest rate. It absolutely matters.
False. The riskiness of the borrower determines the interest rate, not the asset being financed.
Posted on 5/4/19 at 6:58 pm to OceanMan
quote:
The underlying asset determines the interest rate. It absolutely matters.
You have to settle on an asset before you have all of the information to determine how you will finance it.
ETA: look I know you are a smart guy but I think you are missing something here that I think is irresponsible to omit. I dont mean to come across as argumentative and intentionally missing your point.
What I'm saying is that the fact that an asset depreciates or appreciates is of marginal importance to the decision to finance or not, assuming you could pay cash from jump street.
That assumption is key to my argument. If you don't have the ability to pay cash, that's a different conversation altogether.
Posted on 5/4/19 at 7:39 pm to OceanMan
quote:financing anything can make sense based on the circumstances
OceanMan
but it's not the same thing for everyone, and the truth is that FAR too many people wind up financing things they can't really afford
so the guys that argue that financing is bad, are correct for most people
most people miss out on the opportunity to accumulate wealth because they tie all, or most, of their income on payments
so that advice (do not finance) is wise for MOST people
does not mean you're wrong that financing can make sense for someone that can actually write a check for something
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News