Reply to Can we afford a $105k Range Rover or LX570?

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Reply to "Can we afford a $105k Range Rover or LX570?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you can pay cash, I guess so.  If you have to finance, no.  Kids are expensive. Very expensive.  [/quote]

This is such dumb advice. As has been said many times over on these car posts, financing is cheaper than paying cash if your return on investments > interest rate on debt[/quote]

NP
DO you finance your grocery bill too?[/quote]

+1
Poor people talk
Always use cash when you can.  ALWAYS.[/quote]

I am the PP who said that was dumb advice. I make 400k and I am also a finance professor.[/quote]

LOL. ok.
[/quote]

No, I really am. You and the prior PP arguing that financing a car is bad subscribe to what I usually refer to as "redneck finance" mentality. It's the Dave Ramsay school of advice for poor people who think buying things on credit is bad, mostly because they don't understand simple finance concepts and can't manage their own money responsibility. Debt = high interest rates and default risk to those people.[/quote]

Dude I can buy and sell you. Don’t preach me your “finance professor” bs. If you think truly rich people lease 100k cars …. Yikes[/quote]

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