The Best Source for Financing?

[Evoking]

Ok boys I forgot whenever folks bring up financing there's the requisite fiscal responsibility lecture. No worries here. Can more than afford to pay cash. But rates are low and my investments outpace the interest rate on my 997TT for example. So I put $30k down and financed rest.

So too with this coupe I may get.

[twobjshelbys]

Originally Posted by Evoking

Ok boys I forgot whenever folks bring up financing there's the requisite fiscal responsibility lecture. No worries here. Can more than afford to pay cash. But rates are low and my investments outpace the interest rate on my 997TT for example. So I put $30k down and financed rest.

So too with this coupe I may get.

We just bought a new daily driver. We have no, I mean zero, debt. We own everything. Our credit union approved us for a 1.7% 7 year loan in about 10 minutes. We chose to pay cash anyway.

But you are right, well qualified individuals get really good auto rates. You can certainly get a better return as an investment, but the auto loan isn't tax deductible whereas a second mortgage is, which improves the margin even more.

[fordracing65]

I try to buy with someone else money whenever I can, especially in an investment type deal...or if the rate cant be beat, 1 percent aint **** in this day and age...

[mrmustang]

Originally Posted by twobjshelbys

We just bought a new daily driver. We have no, I mean zero, debt. We own everything.

Been this way since 2007, it's the only way to live.


Bill S.

[jhv48]

Two schools of thought and both have merit.

Pay off all debt and sleep well (unless you have a catastrophe and need a bundle of cash)!

Maintain manageable, smart debt. invest the difference and eat well.