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no i pay 216 a month cause i only financed 12k i decided just to pay that for a while cause all my money is goin to that pretty little ride in my avatar!
doesnt make any financial sense to pay off a new car. you're better of making payments and investing with the rest of the money. assuming you have a semi decent interest rate of course.
Normally I'd agree with you.. however, I happen to be a financial consultant, so this was one of my splurges. :-) Just enjoying the fruits of my labor so to speak.
Last edited by ChromeSilver04; Jun 2, 2004 at 04:14 PM.
Originally posted by zeroday doesnt make any financial sense to pay off a new car. you're better of making payments and investing with the rest of the money. assuming you have a semi decent interest rate of course.
That's an argument that is sometimes true, but not usually. Paying cash for your car creates instant equity and liquidity which may not be the case with other investments. Of course, I'm not saying that a car (at least a Z) is an investment, but the only time I even have considered financing a car is if I can get 0/0% interest rate.
We financed our Z for 30 days, then paid it off in full.
Wrote a check for 35.5K for my '04 Redline Track out the door, tax, tags, title, licensing, processing fees, etc. Paying cash for a car sure changes the car buying experience, doesn't it?
I guess the subject line says it all! My wife refused to go into debt. But now I can never retire...good thing I have a secure job (tenured professor of mechanical engineering)
Originally posted by zpylot Paid cash for my Roadster.
Awesome...oh yeah, and the answer to your question is "Enough that innocent women and children don't die at the hands of tyrants in their place." but that's waaaaayyyyyyy off topic.