10-10-2009, 01:36 PM
|
#6 (permalink)
|
|
A True Z Fanatic
Join Date: Sep 2009
Location: Gold Coast CT
Posts: 10,599
Drives: 2019 Corvette G.S.
Rep Power: 44
|
Quote:
Originally Posted by davidyan
I paid cash for mine. I don't necessarily think its a bad thing. If what you're saying is that investments will likely rise
5 - 6% and if thats equal to a good APR, then paying cash for the car is sounder because its a guaranteed avoidance of the 5 - 6 % interest expense whereas with the equity investments, you'll gain 5 - 6% only if things turn out as planned, there's always some downside risk, even if its minimal. If you pay cash for a car, you should have enough reserve cash for investing anyhow.
|
Um, not to mention the capital gains tax................ 
__________________
SOLD MY Z MARCH 2018 - another Core OG moves on - new ride 2019 Z Corvette Grand Sport - no mods necessary but already have eyes on HFC and intakes LOL IT NEVER ENDS.
|
|
|
Similar Threads
Threaded Mode
