|
The Best Source for Financing?
I have used Premier Exotic leasing for my other toys. But they wont lease a kit. Who do you guys recommend?
|
Your savings account.
|
Toys are bought with cash. It's OK to leverage, but don't go into debt.
|
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. |
Never heard of anyone financing a replica to build. Credit Union perhaps?
|
I will finance you, let's work out a deal on payments...I have a dealers license for cars, I am the BANK...
|
LOL. I have heard JJ Best. But I've so heard bad things about them. May just do cash after all.
|
I tried my Credit Union, they would only give me a personal loan years ago and the rates were not worth it then...it was for a replica
|
You guys that live beyond your means...you've obviously met my sister, huh? :eek: :LOL:
|
If one has a reasonably predicable rate of return (RoR) on their investments, and they can finance a toy for an interest rate less than that RoR, there's no reasons not to finance; it's the financially prudent thing to do.
|
We have used and have customers that have used, Astra Lease https://astralease.com/ (ignore warning about the website, it is safe)
Mike Brannigan at Astra understands kits/rollers, etc. and you will not get the "deer in the headlights" look a conventional banker will give you when you ask for money for a car without a 17 digit WMI VIN and tell them it is a "roller" |
Quote:
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. |
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...
|
Quote:
Been this way since 2007, it's the only way to live. Bill S. |
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. |
|
My motto is spend, borrow, waste, give, make, MONEY, then die, cant take it with you...
|
Light Stream
Quote:
NO car or VIN number needed. Just click AGREED that you are using for a Car purchase. Rates vary. but 2.39% for 5 years. Found one lower after I bought. They too will do the Loan on a COBRA they are at 1.49% for 4years... up to 100K https://www.penfed.org/New-Auto-Loan/?WT.ac=1853 Good Luck! |
Quote:
...some of us have kids and grand kids - they care about! http://photos.imageevent.com/germanp...size/Becka.jpg |
| All times are GMT -7. The time now is 04:01 PM. |
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.6.0
The representations expressed are the representations and opinions of the clubcobra.com forum members and do not necessarily reflect the opinions and viewpoints of the site owners, moderators, Shelby American, any other replica manufacturer, Ford Motor Company. This website has been planned and developed by clubcobra.com and its forum members and should not be construed as being endorsed by Ford Motor Company, or Shelby American or any other manufacturer unless expressly noted by that entity. "Cobra" and the Cobra logo are registered trademarks for Ford Motor Co., Inc. clubcobra.com forum members agree not to post any copyrighted material unless the copyrighted material is owned by you. Although we do not and cannot review the messages posted and are not responsible for the content of any of these messages, we reserve the right to delete any message for any reason whatsoever. You remain solely responsible for the content of your messages, and you agree to indemnify and hold us harmless with respect to any claim based upon transmission of your message(s). Thank you for visiting clubcobra.com. For full policy documentation refer to the following link: