Reply to Is it ever a good idea to pay full price for a car up front?

Forum Index » Money and Finances

Reply to "Is it ever a good idea to pay full price for a car up front?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]If you are rich it doesn’t make sense to get a car loans. Loan in depreciating assets are pointless unless you cannot afford to pay cash. The interest rate arbitrage is insignificant on a loan of car amount size for the duration it would be outstanding (or at least not significant enough to be worth the effort).

Part of becoming truly rich is realizing that time is your greatest asset.

I grew up well off and when I was younger we were very comfortable (compared to our keys we were becoming rich). But by mid to let 30a we were objectively rich.

We by good but not very nice cars, just because that isn’t our thing. Last time we bought one, we were getting ripped off by about $3k at the very end. We objected and the salesman did this whole thing about taking it to his manager etc. the manager came back with a $500 discount. It was complete crap. T was clear that this would go in for the next 3-4 hours and they would come down another $1000. If we walked and returned at the end of the month, they would likely have given in on the whole $2500 remaining disparity. I turned to my husband and asked if our time was worth $2500. He agreed and we just overpaid. That is was true wealth buys you. The ability to buy back your time and make annoying things like the car buying process go away. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics