You own it or what?
#1
You own it or what?
So does anyone eles got their pink slip yet? I just decided to pay off the mother F. off cause i want my pink slip, but not only my APR doesnt make sense in paying payments no more, when i could just pay off.
i got 6.39% although its not high but its not low either to me. I never paid anything higher than 4% for finance.
what % did you guys get?
i got 6.39% although its not high but its not low either to me. I never paid anything higher than 4% for finance.
what % did you guys get?
#8
#10
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I had to bring up wiki to figure out what the hell you were talking about. Pink slip usually means you got fired from your job. I've never heard it referred to as the title to a car. Thanks for schooling me
#12
Now dont flame me for the b6.
you've never seen fast and furious?!
#14
There is no sensible way to buy a "depreciating asset", but the best in my opinion would be to:
1) Lease, (set amount of interest, not compounding like a finance, plus your only paying for the deprecation this way, not paying the full sales tax upfront either, dont make extra payments because in 2,3,4 years you end up in the same place no matter what)
2) Finance, (cash is KING, the more liquid you are, the more freedom you have to make money on your money, although with a finance your paying mostly interest up front, so you would want to make bigger payments as to cut down the interest over the term)
3) last would be to pay cash, (the car is going down in value no matter what, so may as well keep your cash and make your payments out of your cash, so you can be earning money on your money sitting in the bank at least)
With the first 2, yes you increase your liability, however, your making money on your money, and could use that interest you made, or money you made from investing to pay for a portion of the car payments.
Just look at houses,
if you knew upfront the house would eventually be worth nothing, why would you want to own it? you wouldn't, you would rent it, or LEASE it, letting someone else take the loss.
#15
Lexus Champion
If I can write off my lease to my company and use someone else's money at a low interest rate (ie. 2.9% with Lexus Financial) I am much better off investing my cash in something that is going to provide a much higher return.
There is nothing "sensible" from a financial perspective, about buying a luxury car.