Title in hand!!!!!
Team Owner
Joined: Aug 2006
Posts: 25,105
Likes: 3,156
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I agree, from a financial savviness perspective it only takes a quick calculation between current interest rates / finance cost vs what you estimate your investment return would be on that $ amount.
Personally, I find it enough a PITA purchasing cars out of state (which is most always the case with me) without the added hassle of a loan and making monthly payments,
Personally, I find it enough a PITA purchasing cars out of state (which is most always the case with me) without the added hassle of a loan and making monthly payments,
Racer
Joined: Jul 2015
Posts: 492
Likes: 125
From: Maryland
For the past decade, financing was usually mathematically smart. The person who paid cash most likely was worse off economically. Today, completely different game depending on available rate.
But congrats OP, I’m the same now and certainly is awesome to have the title clear.
But congrats OP, I’m the same now and certainly is awesome to have the title clear.
Le Mans Master
Joined: Aug 2015
Posts: 6,884
Likes: 2,887
From: Toronto
The other tactic used in financing for cars, furniture, electronics etc... is if you miss the balloon payment. Even if by a day you can incur huge penalties like 3-6 months interest accrued (its in the fine print).
Team Owner
Joined: Jul 2004
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From: Hartford WI
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It is somewhat satisfying to have the actual title in hand 
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Le Mans Master
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Why? It depends on the situation. I just bought a living room set. Totally financed. Sure, there is a downpayment but why not? I have 12 months to pay it off. I can make equal monthly payments or minimum payments and a balloon payment. Regardless, it is INTEREST FREE. They used to have interest free financing. If so, why not? The money is better in MY pocket than your pocket.
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Contrats! Great feeling! I was going to finance my recent purchase of my '15 Vert. When I saw the new biden interest rates....I decided to just pay cash for it...so...I also have title in hand! 
Team Owner
Joined: Jul 2004
Posts: 28,519
Likes: 3,310
From: Hartford WI
I too grew up in a society that abhorred debt. I shed those beliefs of "monkey see, monkey do" for a "lets see the math". I paid cash because it suited me to since it would cost me to finance and if I had to, like a house, I paid it off ASAP only when it made sense. $300 credit card bill vs $300 house debt? Pay off the CC since it has higher interest as an unsecured loan and cannot be partially written off.
Team Owner
Joined: Jul 2004
Posts: 28,519
Likes: 3,310
From: Hartford WI
