- 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
1
Posted on 2/26/19 at 10:28 pm to Eli Goldfinger
$0. Always has been, always will be.
Posted on 2/26/19 at 10:30 pm to cahoots
quote:So we agree.
I borrowed at about 3%. My savings account earns a risk free 2.25%. My portfolio earns much more than that. It’s def cheaper for a lot of people to borrow if you know how to invest. Or at least come out even.
Posted on 2/26/19 at 10:30 pm to TigrrrDad
quote:
$1,205/mo. for my wife’s Jag
$618/mo. for my kid’s ‘stang
How many karate tournaments has your son won lately?
Posted on 2/26/19 at 10:31 pm to Eli Goldfinger
Just letting you know there are a lot of liars in this thread.
Posted on 2/26/19 at 10:31 pm to Eli Goldfinger
Dealing with this issue right now. Been shopping for a new truck and these crooks are trying to tell me that a 600+ monthly note is average and is nothing crazy. I think they’re used to selling to these 19 year old baws, back from their first hitch. Told them they were out of their mind and that I can get my asking price in Texas all day long.
The crazy thing is that they used to chase you out the door when you left, and now they just smile and say “bye” because they know some 19 year old plug will by there to buy an F-250 at some point that week.
The crazy thing is that they used to chase you out the door when you left, and now they just smile and say “bye” because they know some 19 year old plug will by there to buy an F-250 at some point that week.
Posted on 2/26/19 at 10:33 pm to Eli Goldfinger
$410 with 1.9% interest @ 60 months.
Posted on 2/26/19 at 10:33 pm to VolsOut4Harambe
quote:I financed my first car. Never again. Cars are overpriced to begin with. Why pay full price for a car plus give someone else additional money either dealer or bank for that purchase via interest rates over the course of 3-6 years.
$0. Financing a car is dumb.
If I cant drive off the lot with the car fully paid for out of pocket then IMO I cant afford the car.
Posted on 2/26/19 at 10:34 pm to brgfather129
How is it cheaper to to buy a vehicle for 20K and finance it vs paying it cash?
Posted on 2/26/19 at 10:34 pm to Geauxtiga
quote:
I try to avoid paying loan interest as much as possible,
Yeah, sure. I completely agree with you.
But for the majority, they simply aren't capable of doing that. A car isn't a tv, washing machine, or refrigerator that you are financing. Have you seen the cost of new vehicles recently? Most new home buyers can't put 20% down, much less pay a new car in full.
Having said that, let's say you have $50,000 in savings and a 700+ credit score. Your mortgage (or rent) is $2,000 a month. Why would you deplete a substantial portion (50%+) on a paying a car off assuming you could get a great rate at a 3-5 year clip? It just doesn't make sense to me.
This post was edited on 2/26/19 at 10:42 pm
Posted on 2/26/19 at 10:35 pm to partywiththelombardi
quote:
I financed my first car. Never again. Cars are overpriced to begin with. Why pay full price for a car plus give someone else additional money either dealer or bank for that purchase via interest rates over the course of 3-6 years.
Posted on 2/26/19 at 10:35 pm to Geauxtiga
(no message)
This post was edited on 1/21/20 at 9:14 am
Posted on 2/26/19 at 10:37 pm to Geauxtiga
quote:
How is it cheaper to to buy a vehicle for 20K and finance it vs paying it cash?
Because with good credit, you can finance it at a rate that is below expected investment returns. It's sound advice if you know what you are doing.
Both of my vehicles were less than 15k so I bought them outright, which also allowed me to not have to get comprehensive insurance.
Posted on 2/26/19 at 10:37 pm to LSUbase13
quote:Wasnt talking about all those hypotheticals. Just saying for those who can. I paid my last two cash. About to get another and will have to finance some, unfortunately.
But for the majority, they simply aren't capable of doing that. A car isn't a tv, washing dryer, or refrigerator that you are financing. Have you seen the cost of new vehicles recently? Most new home buyers can't put 20% down, much less pay a new car in full.
Posted on 2/26/19 at 10:38 pm to Eli Goldfinger
Always laugh when people call me out for paying 1450 a month for my preowned G Wagon
Posted on 2/26/19 at 10:38 pm to brgfather129
He finished competing last year. He’s in college now. Finished with over 150 wins and 4 consecutive world titles. He still trains a few kids in other states and does seminars occasionally.
This post was edited on 2/26/19 at 10:41 pm
Posted on 2/26/19 at 10:39 pm to HempHead
quote:But you’ll pay more than 20K, in the end, so it costs more. All I was saying.
Because with good credit, you can finance it at a rate that is below expected investment returns. It's sound advice if you know what you are doing.
Posted on 2/26/19 at 10:39 pm to Geauxtiga
quote:
Wasnt talking about all those hypotheticals. Just saying for those who can. I paid my last two cash. About to get another and will have to finance some, unfortunately.
Gotya. And I agree with you, if you are able to comfortably do it btw.
Posted on 2/26/19 at 10:41 pm to Geauxtiga
quote:
But you’ll pay more than 20K, in the end, so it costs more. All I was saying.
It will cost more, but you will make more than the difference, theoretically.
Posted on 2/26/19 at 10:42 pm to Geauxtiga
quote:
How is it cheaper to to buy a vehicle for 20K and finance it vs paying it cash?
Because you can take the cash you didn't use to pay the car off and invest it getting a rate of return much higher than the interest rate on the loan.
If I'm borrowing at 2% and getting 4% return on investment (which is very conservative) then you'd be ahead by financing.
It's not "cheaper" to finance, but you can very very easily end up with more money in your pocket by financing instead of paying cash.
shite if I'm getting sub 2% rate I'm stretching that loan out as long as they'll let me.
Page 3 of 11
Popular
Back to top
Follow TigerDroppings for LSU Football News