Quote:
Originally Posted by osteome
I am still mystified that people finance a depreciating asset over 6 years! How much interest is being paid over the life of the loan?!?!
There are people who pay off homes in less time with certain income properties cash priced below the cost of a military sales E93.
|
this really is off topic and not relevent. i am sure it makes you feel good about yourself that you dont finance anything and pay off everything randy moss style with "straight cash homie".
there is ZERO wrong with taking out a loan at a low rate that allows you to be more flexible with the cash you have on hand. i could pay off my car, but have a 1.9% interest rate and have made much more with my investments over this time.
nothing wrong with financing as long as you have at least 20%+ down on the car or are paying cash for the car.
OP : do what you want, but id suggest driving an SC'd car first to make sure it will meet your expectations, and then determining how much value the mod has to you at that point.