Who REALLY owns their Z???

birdmanx1 · 05-16-2013, 12:44 PM

Kermit, to each their own, if you are fine paying interest for 5, 6, 7 years on something that won't be worth much in the end, then start the process over with another car and you have no issue with it, no biggie then man. A basic guy 1 guy 2 analysis to show arbitrary numbers won't suffice. You are locked in a 5-7 year loan, there may be opportunity cost in terms of your credit worthiness/Asset vs Liability report if and when purchasing long term assets. Please don't imply that the guy who paid for the car cash is not also getting returns on the equity market and doing other things to get ahead.

Look man, if you can swing having consumer debt, paying interests (that could have been invested elsewhere) and that works for you

I rather be the guy at 50 with all my houses paid for, College planning taken care of, no debt, free to roam the world as I please. Being locked in car debt is not part of that plan

MarkGideon · 05-16-2013, 01:00 PM

Quote:

Originally Posted by birdmanx1

Kermit, to each their own, if you are fine paying interest for 5, 6, 7 years on something that won't be worth much in the end, then start the process over with another car and you have no issue with it, no biggie then man. A basic guy 1 guy 2 analysis to show arbitrary numbers won't suffice. You are locked in a 5-7 year loan, there may be opportunity cost in terms of your credit worthiness/Asset vs Liability report if and when purchasing long term assets. Please don't imply that the guy who paid for the car cash is not also getting returns on the equity market and doing other things to get ahead.

Look man, if you can swing having consumer debt, paying interests (that could have been invested elsewhere) and that works for you

I rather be the guy at 50 with all my houses paid for, College planning taken care of, no debt, free to roam the world as I please. Being locked in car debt is not part of that plan

Somehow, I don't think that 0% interest on the consumer debt is really costing all that much.

MMC Racing · 05-16-2013, 01:06 PM

Quote:

Originally Posted by birdmanx1

Kermit, to each their own, if you are fine paying interest for 5, 6, 7 years on something that won't be worth much in the end, then start the process over with another car and you have no issue with it, no biggie then man. A basic guy 1 guy 2 analysis to show arbitrary numbers won't suffice. You are locked in a 5-7 year loan, there may be opportunity cost in terms of your credit worthiness/Asset vs Liability report if and when purchasing long term assets. Please don't imply that the guy who paid for the car cash is not also getting returns on the equity market and doing other things to get ahead.

Look man, if you can swing having consumer debt, paying interests (that could have been invested elsewhere) and that works for you

I rather be the guy at 50 with all my houses paid for, College planning taken care of, no debt, free to roam the world as I please. Being locked in car debt is not part of that plan

Based on your response, Kermit's entire post was lost on you.

birdmanx1 · 05-16-2013, 04:32 PM

Quote:

Originally Posted by MarkGideon

Somehow, I don't think that 0% interest on the consumer debt is really costing all that much.

Smart @ss

05-16-2013, 12:44 PM	#1 (permalink)
birdmanx1 A True Z Fanatic Join Date: Jun 2010 Location: Baltimore, MD Age: 97 Posts: 3,175 Drives: 370z Nismo Rep Power: 25	Kermit, to each their own, if you are fine paying interest for 5, 6, 7 years on something that won't be worth much in the end, then start the process over with another car and you have no issue with it, no biggie then man. A basic guy 1 guy 2 analysis to show arbitrary numbers won't suffice. You are locked in a 5-7 year loan, there may be opportunity cost in terms of your credit worthiness/Asset vs Liability report if and when purchasing long term assets. Please don't imply that the guy who paid for the car cash is not also getting returns on the equity market and doing other things to get ahead. Look man, if you can swing having consumer debt, paying interests (that could have been invested elsewhere) and that works for you I rather be the guy at 50 with all my houses paid for, College planning taken care of, no debt, free to roam the world as I please. Being locked in car debt is not part of that plan kenchan likes this. __________________ 370Z NISMO #0462 \| ClearBra \| 3M tint \| Head/Taillights \| Dynamat \| Black Roof \| Tommy Kaira HB \| CF Parts \| Berk HFCs \| FI SS \| NST Pulleys \| Takeda aFe \| K&N \| H&R Spacers \| Swift Spec R \| SPC F&R \| Zuperman M370 Nismo Vid \| Nismo Journal \| Nismo Rumble

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