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So how much did you start with in your portfolio? How did you acquire this money?
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My car is financed. Same with my mini van. Honestly if I had the cash to buy a 370 cash, I would of just financed a GT-R. Point is nothing is wrong with financing so long you don't have financing for a rediculous %. I still buy things for my Z, but pay cash for my mods.
If you can tell yourself you can afford your mods financed or not, so be it and go for it. Your responsible for your own decisions. Who cares what other richer or poorer people say... |
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BTW I am only 27. I own 2 houses, 3 cars all paid off, motorcycle paid off, boat paid off and carry zero debt except the mortgage on my second house and I reside in Southern California. |
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Once again, 90% of the people posting on ALL car forums are 25 years of age or under. I would say less than 5% of this age group actually has any sizable amount of money in savings, 401k, real estate, stock market, etc. etc. The one's who have 10k plus to blow on their new cars are more than likely being funded my "mommy and daddy" or are living at home working full-time jobs (pay zero for housing/food/insurance etc.).
Once this economic down turn starts to really take hold in the next 12 to 18 months there is going to be a lot of cars for sale............ |
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So in essence the release of the stimulus is meant to "bypass" the extreme sickness that would naturally follow the "bottoming out". In theory it should work however it will only be once again delaying the inevitable MAJOR market adjustment that has been looming on the horizon since the fallout of stock market during the late 80's. It will just come later on another day....but make no mistake...it will come because there is only some many "fake outs" that can be performed before the reaper has to be paid. |
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Big deal, I financed my Z. I have enough stashed away to buy it cash (or pay it off if I need to), but my rate of return on my stash has so far been +25% which even factoring in interest on the Z is +20%. It made more sense to finance for me. Ever think of that? Thats how banks make money, borrowing short and lending long + pocketing the difference. Works the same for us, the smart ones who dont over extend themselves anyway. ETA: I see no recovery in the next 5 years and things actually getting worse, devolving into societal breakdown. |
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Good luck...I think you'll need it. |
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I never said its bad to finance a car I was rebutting his statement of 'You'll be too old to get in and out of it by then'. |
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can u plz just stop posting on this thread? ur not answering the question which is the point of this thread ur simply being an annoyance. |
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