Who paid for your fr-s?

[Narcoden]

Originally Posted by jflogerzi

For most normal people using debt correctly will net you more money in the long run. But I put 10K down and paying monthly on the rest.

If your car was 100% paid off, would you go take a loan out against it to gamble in the stock market or any other investment?

I'm slave to no one. I owe no one. It feels great. :happy0180:

[SoCal_86]

Originally Posted by campy

My sugar daddy

[jflogerzi]

Originally Posted by Narcoden

If your car was 100% paid off, would you go take a loan out against it to gamble in the stock market or any other investment?

I'm slave to no one. I owe no one. It feels great. :happy0180:

There are such things as "calculated risks" Look at it this way. Rather then have 25K tied up in a car which will continue to loose value and looking at how low interest rates are, you could certainly take that money and make money while still paying off the car. Granted I give you props to be able to do that. Very few normal people have the financial ability to do this. But remember debt is not a bad thing when used in the correct way which most people again can't do either so...

[Narcoden]

Originally Posted by jflogerzi

There are such things as "calculated risks" Look at it this way. Rather then have 25K tied up in a car which will continue to loose value and looking at how low interest rates are, you could certainly take that money and make money while still paying off the car. Granted I give you props to be able to do that. Very few normal people have the financial ability to do this. But remember debt is not a bad thing when used in the correct way which most people again can't do either so...

It's cool... I used to think that way as well. The feeling of knowing no one can come take my stuff away is worth it to me. If I lose my job, I still have a sweet car that no bank is coming for when I can't make a payment. I'm currently making car payments to myself so I can buy our next car in a few years. By then the wife will have completely trashed her car. She hits everything with our civic

[JLMtm]

The Economic Prosperity Of The People's Republic Of China (no joke)

[StOpNG0x]

I paid cash.

I'm 24 and I just graduated from college. Only debt I'm paying on is student loans.

[Enraged21]

I bought it myself.
3k down. No Credit History (21 yrs old) at 4% interest

[TRDBen]

Put 13k down cash, paying off the rest at 2.67%.

[SmokeyDB]

23 y/o. Traded in my 08 tC for it last November when I graduated from college. Paying for it myself. 3.45% interest.

[ntron1]

Originally Posted by CodyFRS

I really hope at 46 years old you wouldn't need to depend on your parents haha

Anyways, I'm 20. 15 grand down. No Credit at all 7% interest. Paid Myself.

That was my point but you might be surprised @ how many older people still rely on the rents for their toys. It is a third car for me so no big deal but I am impressed by the number of the younger folks here that have been able to make significant equity investments in their new vehicle.

[jflogerzi]

Originally Posted by Narcoden

It's cool... I used to think that way as well. The feeling of knowing no one can come take my stuff away is worth it to me. If I lose my job, I still have a sweet car that no bank is coming for when I can't make a payment. I'm currently making car payments to myself so I can buy our next car in a few years. By then the wife will have completely trashed her car. She hits everything with our civic

I agree with you. I can't wait to get my FR-S paid off. I am making extra payments to shave 1 year off my loan.

[jflogerzi]

Originally Posted by ntron1

That was my point but you might be surprised @ how many older people still rely on the rents for their toys. It is a third car for me so no big deal but I am impressed by the number of the younger folks here that have been able to make significant equity investments in their new vehicle.

At age 27, its hardly young. Last year my FR-S, this year my first house!

[CTB727]

18 years old with no credit history. Put $15,500 down, financed the remainder. Payments are low enough so I can pay extra and hopefully pay it off a couple of years early.

[ric342]

i got it my self when i was 19, 3 thousand down with no credit, now 1 year later i have awesome credit and the most amazing car that our generation will have!