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re: What’s your car payment?
Posted on 2/26/19 at 11:08 pm to slackster
Posted on 2/26/19 at 11:08 pm to slackster
quote:
I only read the OP so far, but I'd imagine the first page is full of stupid advice like "pay cash for depreciating assets."
Let's see...
Of course this thread didn't disappoint.
You can get a 2018 Chevrolet 1500 for 0% over 72 months, but dopes still pay cash.
1
Posted on 2/26/19 at 11:23 pm to slackster
quote:
0% over 72 months
No shite?
ETA: I've also rarely heard of someone paying cash for something at that sticker price. It's usually a used vehicle, less than 20k.
This post was edited on 2/26/19 at 11:24 pm
Posted on 2/26/19 at 11:31 pm to HempHead
quote:
I've fallen further off the wagon than I intended and my ability to read sarcasm has dropped with it.
Same boat hoss
This post was edited on 2/26/19 at 11:32 pm
Posted on 2/26/19 at 11:31 pm to Ostrich
quote:
0 - If I can't pay cash I can't afford it. That goes for all things except for house.
THIS
Posted on 2/26/19 at 11:36 pm to Eli Goldfinger
$510/mo, but I pay double that
Posted on 2/26/19 at 11:49 pm to Eli Goldfinger
$264 for 48 months. Will be paid off in 26 months at this rate.
Posted on 2/26/19 at 11:52 pm to Eli Goldfinger
$5,367.30/month @ 0% for 36 months.
Posted on 2/26/19 at 11:53 pm to TSLG
AMG SL?
Posted on 2/26/19 at 11:54 pm to Tigahs24Seven
quote:
0 - If I can't pay cash I can't afford it. That goes for all things except for house.
THIS
Paying cash and being able to pay cash are two different things entirely.
Like I tell people - if you gave me $50k, and 72 months later, I gave you $55,500, would you take that deal?
Posted on 2/26/19 at 11:55 pm to HempHead
quote:
No shite?
ETA: I've also rarely heard of someone paying cash for something at that sticker price. It's usually a used vehicle, less than 20k.
Yep, no shite.
It's typically not a good deal to finance used cars, as the rates aren't as competitive, but everything else is a simple financial decision.
Posted on 2/27/19 at 12:04 am to slackster
quote:
Paying cash and being able to pay cash are two different things entirely.
Like I tell people - if you gave me $50k, and 72 months later, I gave you $55,500, would you take that deal?
Yeah. Let's see, $32k @ 0.9% for 60 months and keep an investment paying me > 6.5% tax free or sell part of the investment to pay "cash" and pay tax on sale? Obvious is obvious. People who seem to take pride in paying cash when other opportunities exist are acting irrationally.
Posted on 2/27/19 at 12:08 am to slackster
quote:
It's typically not a good deal to finance used cars, as the rates aren't as competitive, but everything else is a simple financial decision.
Meh, anything under 6% is worth borrowing.
I financed a little mpre than 50% of my current SUV.
The last time I financed it was a 105k with like 80 grand of trade in and money down.
Never again.
Buy used. Buy cheap.
As long as it is clean with maintenance records, who cares?
Posted on 2/27/19 at 12:10 am to tirebiter
quote:
Yeah. Let's see, $32k @ 0.9% for 60 months and keep an investment paying me > 6.5% tax free or sell part of the investment to pay "cash" and pay tax on sale? Obvious is obvious. People who seem to take pride in paying cash when other opportunities exist are acting irrationally.
Exactly.
These same fools would be livid if they only earned $5500 on their $50k over 6 years, but they refuse to take the 3.5% note for 6 years. Newsflash - they're the exact same thing.
Posted on 2/27/19 at 12:15 am to X123F45
quote:
Meh, anything under 6% is worth borrowing
That's around a good break even, particularly when you consider that the person getting a higher rate than that is probably not financially savvy enough to make good decisions with the extra cash.
ETA - depending on the term, I'd say below 5% is a better threshold. Shorter terms would have lower break even rates, long terms could be a little higher.
This post was edited on 2/27/19 at 12:18 am
Posted on 2/27/19 at 12:17 am to TigrrrDad
quote:
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
Ahhh, you're the douchey karate dad on disability? That explains why you act like a dimwitted fanboy on the money talk board.
Posted on 2/27/19 at 12:19 am to Eli Goldfinger
My payment was $291 for 60 months at 0%. Paid off since 2015.
Posted on 2/27/19 at 12:41 am to Eli Goldfinger
I will not finance more than 25k. Keeps the note in the $300 to $350 range.
Posted on 2/27/19 at 1:12 am to Eli Goldfinger
Zero. Paid my truck off 3 years early
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