01-21-2010, 08:56 PM
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#12 (permalink)
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Base Member
Join Date: Dec 2009
Location: Greensburg PA
Posts: 899
Drives: '09370Z Red Base A7
Rep Power: 18
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Quote:
Originally Posted by seecue
I noticed there are quite a few of you that paid cash for your 370z instead of financing it. I thought it would be interesting to see why? Maybe even how did you come up with the cash to pay for it? I understand this thread could lead into the beaten to death debate of being able to get better rate of return on investments vrs interest cost savings on paying off a depreciating asset at once. BTW work is slow so I'm just killing some time  |
I'm a conservative old guy. In your position, as a younger guy, if I couldn't pay cash for a new Z, I wouldn't buy it. I would buy a more affordable car for the time being. One of my practices through life has been to avoid buying things until I can pay cash for them, as I do for my cars. Debt service is one of the heaviest drags to reaching financial independence. There is a functional alternative to virtually every purchase that is more affordable. How I came up with the cash for my Z purchase? The traditional way---saving up for it. You asked...
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