04-24-2024, 01:09 PM | #199 |
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Drives: 2024 M4 Convertible
Join Date: Jul 2010
Location: Los Alamos, NM
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I prefer to own my cars.
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————————————————————————————————————— 2024 Tanzanite Blue II M4 Convertible |
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04-24-2024, 01:58 PM | #200 |
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Drives: G82 M4C X-Drive
Join Date: Mar 2013
Location: Orange County, CA
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I pay cash...
once a month!
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2022 G82///M4 Competition X-Drive - KW-HAS, EBC Bluestuff, Millway Race Camber Plates, Cup2 Connect*, PSI High Flow Midpipe, Lightweight Front Lip, M Perf Flow Through Wing Previous • 2018 F80 ///M3 CS • 2016 F80 ///M3 IG: Raging_G82 |
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04-24-2024, 02:09 PM | #201 |
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Ugh.. This thread turned into r/finance, Im getting bored. Can we go back to people trying to flex? That's way more entertaining.
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04-24-2024, 11:42 PM | #203 |
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Drives: 2023 M4 6MT
Join Date: Aug 2022
Location: Phoenix, AZ
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Garage List 2024 Kia EV9 GT-Line [0.00]
2022 Toyota Tacoma ... [0.00] 2023 Hyundai Kona N [0.00] 2018 Lexus LC500 [0.00] |
Two points:
1) I spend my day autopsying people who are dead before they’re supposed to be. Everyone reading this could be killed tomorrow. You have zero idea when it’s going to happen. If cars are your passion and you can afford a reasonable payment while still saving for retirement, go for it. Sometimes happiness is worth more than dollars. 2) Listening to you big money flexers quibble about 0.2% differences between loan rates and investment returns is hilarious. If you were *really* that serious about investment returns, you’d be shuttling yourself around in a used Prius. |
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04-25-2024, 11:31 AM | #204 | |
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2) Not the best take. You can own performance cars and be wise with investments.....And its much more than 0.2%, try 6, 7 or even 8%. |
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04-25-2024, 12:05 PM | #205 | |
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High returns are rarely guaranteed. If some folks have the cash and want to purchase a sports car that way, so be it. If you want to finance everything to optimize your return, so be it. To each their own. |
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04-25-2024, 01:20 PM | #206 |
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everyone has their own finances
personally i have taken loans and bought some cars outright. there are so many variables with it that its pointless to discuss. I would just say that if you plan on financing a 'toy' like a bmw, porsche, ferrari... you should have enough liquid cash in stocks or savings to cover the entire purchase at a moments notice. i just bought a civic last year. with interest rates the way they are it seem moronic to pay 3k just for the right to borrow 27k. If interest was 1.4 like in 2012 when i bought my GTR i'd finance the whole thing.
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04-25-2024, 01:22 PM | #207 | |
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Most of us, me included are specifically responding to the "If you can't pay cash for the car, you can't afford it" dumb comment. |
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04-25-2024, 07:02 PM | #208 |
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You need enough salary and savings so that the cost of purchasing and owning the car does not cause any stress.
This is the way. |
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04-28-2024, 08:34 AM | #209 |
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Cars are like kids. It’s never the right time and you’ll never have enough. To me a depreciation payment shouldn’t be felt. I know my 95k otd car will get 50k on trade in 3 years.. plus plus plus. Owning just about any nice car costs 15-20k a year if you’re going to use.
Could you get a car that loses 5k a year and do something better with the extra 10-15k? If the answers no. Congrats on your new car. |
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04-28-2024, 09:36 AM | #210 | |
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~ 24 M4 Comp
~ 24 X3 M40 ~ Prior BMW's - Too many to list here (27) |
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04-28-2024, 09:46 AM | #211 | |
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