- 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
Which car deal would you do?
Posted on 9/20/21 at 2:05 pm
Posted on 9/20/21 at 2:05 pm
I am not putting money - not because I cannot afford to, but because the interest rate is too low. I will invest the difference. So, my question is purely on the math. Which deal would you do?
60 months @ 0.9% ($1,814/month) | Total cost: $108,840
72 months @ 1.9% ($1,565/month) | Total cost: $112,680
The difference of the two is $3,840. The monthly margin is $249. It would take until month ten of the last year for the total payout to be even and then the last two payments push it over. Just wondering if the $250/month was worth it if I invested it.
2022 840i Convertible
60 months @ 0.9% ($1,814/month) | Total cost: $108,840
72 months @ 1.9% ($1,565/month) | Total cost: $112,680
The difference of the two is $3,840. The monthly margin is $249. It would take until month ten of the last year for the total payout to be even and then the last two payments push it over. Just wondering if the $250/month was worth it if I invested it.
2022 840i Convertible
This post was edited on 9/23/21 at 8:42 am
23
Posted on 9/20/21 at 2:07 pm to rpg37
What the hell kind of car are you buying
Posted on 9/20/21 at 2:12 pm to rpg37
The total cost will be higher on the 72 month but if you are assuming you’re going to invest the difference in the monthly payment and earn a return to make it up, then maybe that’s your play. I would go with the 60 month for the lower rate, and I don’t want a note for 6 years. I also know I (or likely my wife) would probably spend the difference instead of investing it.
Posted on 9/20/21 at 2:15 pm to jimbeam
quote:
What the hell kind of car are you buying
BMW 840i convertible
Posted on 9/20/21 at 2:21 pm to rpg37
If I could legitimately afford that car I'd take the lower monthly payment so that I could use the leftover to either wipe my arse with or use as firewood kindling.
Posted on 9/20/21 at 2:23 pm to rpg37
quote:
worth it if I invested it.
you won't. you'll spend it elsewhere.
Posted on 9/20/21 at 2:24 pm to rpg37
quote:
BMW 840i convertible
nothing against you, but convertibles would be literally the last thing on earth i'd spend 100k on.
Posted on 9/20/21 at 2:24 pm to rpg37
quote:That's a fricking house baw, not a car
$1,814/month
Posted on 9/20/21 at 2:27 pm to rpg37
Are you buying a school bus?
Posted on 9/20/21 at 2:29 pm to Chad504boy
quote:
nothing against you, but convertibles would be literally the last thing on earth i'd spend 100k on.
I am not suggesting it is a savvy financial decision, but, I have two paid off rental houses (that more than cover these monthly payments), make over $100k and am single. My primary residence is paid off just through my Airbnb for graduation and game day weekends. I am in good shape and feel comfortable with the purchase.
Posted on 9/20/21 at 2:32 pm to rpg37
850csi or bust. GOAT V12 cocaine mobile.
Posted on 9/20/21 at 2:32 pm to rpg37
Posted on 9/20/21 at 2:34 pm to rpg37
You seem like you're pretty confident and comfortable with your decision to buy a 100K car.
If I was legitimately advising my brother, I'd have tried to talk him into one of the 50K options leaving more cash to continue building his empire.
With that being said, and with these amounts...I'd prob still take the lower payment and leave more cash flow to buy more properties.
If I was legitimately advising my brother, I'd have tried to talk him into one of the 50K options leaving more cash to continue building his empire.
With that being said, and with these amounts...I'd prob still take the lower payment and leave more cash flow to buy more properties.
Posted on 9/20/21 at 2:38 pm to AUjim
quote:
With that being said, and with these amounts...I'd prob still take the lower payment and leave more cash flow to buy more properties.
I have five rentals and that is the most I feel like I can self-manage while maintaining full employment. If Ole Miss is good for a few years with Kiffin, I might sell as appreciation follows football success, thus, enrollment and other market factors. I have no other debt. I already invest $2,500/month into retirement/investment accounts.
This post was edited on 9/20/21 at 2:39 pm
Posted on 9/20/21 at 2:51 pm to rpg37
quote:
am not suggesting it is a savvy financial decision,
Yea it was just me echoing a difference of taste, that is all.
Posted on 9/20/21 at 2:52 pm to rpg37
In 5 years you could probably make 5 grand best case scenario on the extra $250/month. That’s if you aren’t investing a down market. You could also end up negative on that investment.
So best case scenario, 5 grand up, which is right about a net wash on the lower interest rate comparison.
For all intents and purposes these deals are practically identical and either is fine. Take the shorter term less cost option and don’t think about it another 5 minutes.
Based on your income and potential, trying to work out the better of these options is literally not worth your time.
So best case scenario, 5 grand up, which is right about a net wash on the lower interest rate comparison.
For all intents and purposes these deals are practically identical and either is fine. Take the shorter term less cost option and don’t think about it another 5 minutes.
Based on your income and potential, trying to work out the better of these options is literally not worth your time.
Posted on 9/20/21 at 4:16 pm to rpg37
You’re about to spend 100k on a fricking car and asking people a difference between 4 grand over a period of 5-6 years 
Some people
Some people
Posted on 9/20/21 at 6:59 pm to rpg37
Whoever helped you currently build your empire, ask them.
Posted on 9/20/21 at 7:04 pm to rpg37
Sounds like you can’t comfortably afford the vehicle honestly.
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News