Quote:
Originally Posted by KennyPowers
nothing wrong with financing as long as you have at least 20%+ down on the car or are paying cash for the car.
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So what's the wager that everyone on this board has put at least 20% down on their M3?
Would you condemn all those who have leased then?
I find no real fault with those that finance items. Heck, their business fuels a few of my investment positions. I just don't see the logic of financing certain things for extended periods of time, perhaps even beyond their serviceable life.
When the OP asked what represented the best option for his cash, opinions will naturally differ. I would offer there is merit in getting rid of debt, but I would at least shop his current loan rate to effectively improve the terms, if possible. In the end it is his cash, but when one asks for opinions, they will naturally come.