Cobra Financing

[rokndad]

Originally Posted by jwd

Here's my advice. NEVER, I repeat NEVER finance a toy. If you can't afford to pay cash, you don't need it. Unless your house and other cars are paid off as well as all your bills, you could put the money to better use. Probably not what you wanted hear.

Jim

You must be in another tax bracket. I'm retired and still owe $$ on two homes and will until I die. Why give it all to the IRS? And I get to upgrade my lifestyle with a nicer house at the beach, nice garage, nice toy(s) with a little bump in the monthly payment spread out over another 30 years. I'm most likely not going to be here in 30 years, and can afford the payments that I've gotten used to since we first got married. You afford what you can afford. Kids higher education over with, so I moved onto something else.

I say, rather than don't finance something at all, finance smartly what you can afford while maintaining the lifestyle you want to have. Family certainly comes first, but us hardworking Dads deserve some rewards for our sacrifices before we can't bend over to pick up a wrench, right? Never say never.