Payments
Thread Starter
Team Owner
Joined: Mar 2005
Posts: 20,933
Likes: 905
From: salem OR
Payments
Who has their new Z on payments and how big or little.
No sense in pulling out investment or savings money.
When I was able to get 1.69 interest no cost loan.
So 1.69 on 65,500 after down payment.
Leaves 1138.55 per month for 60 months.
I have a house up for sale out of state when it goes.
The payment will go too! But for now not too bad
No sense in pulling out investment or savings money.
When I was able to get 1.69 interest no cost loan.
So 1.69 on 65,500 after down payment.
Leaves 1138.55 per month for 60 months.
I have a house up for sale out of state when it goes.
The payment will go too! But for now not too bad
Thread Starter
Team Owner
Joined: Mar 2005
Posts: 20,933
Likes: 905
From: salem OR
20 percent or so down..The down payment assures when you sell you get money back. ESP with the low interest.
Safety Car
Joined: Oct 2008
Posts: 4,912
Likes: 266
From: Charleston SC
Racer
Joined: Jan 2004
Posts: 298
Likes: 0
From: Las Cruces NM
It's differnt for every household. $20 can be $10 or $30 to someone. So do what you can live with. None us will help you with food if you go broke paying for a toy. It's all with what your wallet can live with.
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Thread Starter
Team Owner
Joined: Mar 2005
Posts: 20,933
Likes: 905
From: salem OR
I have cash earning 17-22 percent from one of the most successful
investment groups. Been going on for years even 2008 you didn't lose a dime if you held.
Smart play is to use the money in my case. 1.69 percent
Stick the cash you were spending on dead investment called a car.
In the investments
investment groups. Been going on for years even 2008 you didn't lose a dime if you held.
Smart play is to use the money in my case. 1.69 percent
Stick the cash you were spending on dead investment called a car.
In the investments
Race Director
Joined: Jan 2001
Posts: 11,183
Likes: 85
From: Castle Rock CO
St. Jude Donor '15
Foolish. If money is cheap in the loan department and your investments are doing better than 20%, like ours are, then the loan is the way to go. NO sense in pulling money earning you 20% + when the loan is only going to cost a percent or 2. Just my opinion.
Instructor
Joined: Feb 2014
Posts: 128
Likes: 0
All of my real estate holdings gives an avg of 10%.
Le Mans Master
Joined: Nov 2004
Posts: 5,886
Likes: 371
From: Cape Coral FL
I have cash earning 17-22 percent from one of the most successful
investment groups. Been going on for years even 2008 you didn't lose a dime if you held.
Smart play is to use the money in my case. 1.69 percent
Stick the cash you were spending on dead investment called a car.
In the investments
investment groups. Been going on for years even 2008 you didn't lose a dime if you held.
Smart play is to use the money in my case. 1.69 percent
Stick the cash you were spending on dead investment called a car.
In the investments
Racer
Joined: Nov 2013
Posts: 450
Likes: 4
From: Springfield PA
Local Merrill Lynch office did 32% last year for a portion of my portfolio, the simple plan came in around the 17% mark. Best holding they have me in is ABG, up over 200% over the last 3 years. I am taking the loan and leaving my money where it is. The guy I work with does a very nice job.
Eric
Eric
Burning Brakes
Joined: Mar 2015
Posts: 1,145
Likes: 145
We have also enjoyed some of the best years in history the last 2-3 years. I wouldn't expect these returns to continue much longer. Still the strategy to invest is far superior and I don't see many investments falling below 2%.
Instructor
Joined: Sep 2014
Posts: 236
Likes: 34
From: La Plata, MD
My plan- I'll pay I'll taxes and all other BS fees plus put 10% down and get 1.99% or better for 48 months... Payment will be whatever it works out to be.
People that pay cash for a 100k car would be smarter to finance the car and invest that money. I am 37 years old, I invest all I can into my retirement plan. Right now I'm getting 8-9% return on my money... I'll make more money investing than paying cash for my car.... So what's the smarter question? Finance or invest? Invest! IMO! People are going to do whatever they want.. Some people can't stand car payments... While others don't mind it.... I'll take the route that makes me money, or saves me money...
People that pay cash for a 100k car would be smarter to finance the car and invest that money. I am 37 years old, I invest all I can into my retirement plan. Right now I'm getting 8-9% return on my money... I'll make more money investing than paying cash for my car.... So what's the smarter question? Finance or invest? Invest! IMO! People are going to do whatever they want.. Some people can't stand car payments... While others don't mind it.... I'll take the route that makes me money, or saves me money...
Safety Car
Joined: Jun 2000
Posts: 4,685
Likes: 78
From: Winter Garden (central),FL,USA
We pay cash, then we find the best rate out there on a loan & pay ourselves back & reinvest the monies.
Then again, I'm a wealth advisor & make recommendations to myself... lol
Money is just too cheap today not to do this. YRMV...
Then again, I'm a wealth advisor & make recommendations to myself... lol
Money is just too cheap today not to do this. YRMV...
ZR1TG
Joined: May 2005
Posts: 875
Likes: 235
From: South florida
Local Merrill Lynch office did 32% last year for a portion of my portfolio, the simple plan came in around the 17% mark. Best holding they have me in is ABG, up over 200% over the last 3 years. I am taking the loan and leaving my money where it is. The guy I work with does a very nice job.
Eric
Eric
If you would like to give your financial guy another customer please pm me with his contact info