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But over five years you had to spend $621.16 a month to make $2385.58, or about $40/month. I'd rather have the $621.16 a month. If you put the $35000 in
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#1 (permalink) |
A True Z Fanatic
Join Date: Jul 2010
Location: Virginia
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But over five years you had to spend $621.16 a month to make $2385.58, or about $40/month.
I'd rather have the $621.16 a month. If you put the $35000 in a savings account at 2.5% (where can I get one?) and withdrew the $621.16 a month to pay the loan, I don't think you'd be making as much - would you even be ahead? Added: While I haven't use the 12C in a while (or ever, I was a TVM on the 41CX person), it looks to me like you'd have made 0.15 in your savings account at the end of five years. If I save the $621.16 over the next five years, I end up with the same net worth, but with the flexibility of spending on something else some month's if necessary (tires?). Along the way, I bet my net worth is simlar as well.
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2014 Cayman S PDK Sport Chrono White/Black Was 2009 370Z Touring Sport+Nav 7AT Metallic Black/Persimmon Was 1991 NSX Auto Black/Black Last edited by wilsonp; 04-16-2011 at 01:41 PM. |
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#2 (permalink) |
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Join Date: Jan 2010
Location: Seattle
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I feel the flames coming already!
My heart exists in my right foot. 0 down, rolled in 10k of my audi... $800 a month payment. 30k base price +10k from my audi, 40k loan... Purchased the car at 29 years old. Good thing I'm an aerospace engineer, i pay around $2000 per payment per month. I always have cash for a down, but i was more interested in getting mods going ![]()
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2013 Drivers ED GTI | Stage 2 Unitronic Last edited by Nitex; 04-16-2011 at 01:45 PM. |
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#3 (permalink) | |
A True Z Fanatic
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