Cobra Financing

[madmaxx]

So there is an argument to be made that it really doesn't matter in which direction you pi$$ your money -- it's still pretty much gone regardless

Not necessarily. I am confident if I listed my SPF for sale for $30K I would sell it in hours. If I listed for $40K may take a couple days. If I listed for $50K, maybe a month, for $55K maybe all summer. As you can see a Cobra does retain value. The last one I bought for $28K and sold for $37K in 7 hours. In reality the opportunity cost for my SPF is only $33K. This is based on the fact that the funds that I sold to buy the SPF are worth substantially less today.

Originally Posted by patrickt

If the goal is to make money, buying a Cobra on credit ain't the way to do it. If the goal is to just have fun with a Cobra while you can, then by all means buy it on credit. Yes, you are pi$$ing money away on interest -- that's absolutely undeniable. But more people than not would probably say that just buying a Cobra with cash is pi$$ing money away. So there is an argument to be made that it really doesn't matter in which direction you pi$$ your money -- it's still pretty much gone regardless.