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maybe this guy wasn’t a roller with hundreds of thousands or millions of dollars he had easy access to pencil whip a check to buy the demon. Some folks make big salaries and look only at the monthly payment then things change up for them.
No car is worth a huge 2500 car payment you either have it or you don't.
oh brother, not in finance, right?? My guess is money launderer ? Or you started a GoFundMe for a homeless veteran and then took his donations? Those two groups are known to pay for cars in all cash.
A lot of us learned a long time ago to take advantage of cheap leverage with no prepayment penalties. Having bought and sold 7 cars in three years I can tell u it takes longer to transfer cash out of my brokerage account.
Easiest bet in the world to win- u lose already know a few.
Whoever said abt half is a much better guess although I don’t need the exact # to win the bet
yeah i I understand the argument. ..And I’m sure it takes longer to transfer money once than 72 times.
Im not sure why in the c7 forum everyone seems so arrogant.
yeah i I understand the argument. ..And I’m sure it takes longer to transfer money once than 72 times.
Im not sure why in the c7 forum everyone seems so arrogant.
it’s not arrogance. Just basic economics...But do what u want it’s your $.
two words to your last point: direct deposit — agreements upon loan initiation so very little hassle. Banks esign these days through one’s email. Ive never had to walk into the bank.
btw, why is the Demon buyer a big cash payer? Vs a Z06 buyer.
I think many paid that much for the ZR1. Time you add the interest in maybe more. I'm on the single payment plan from here on out.
Sometimes, "the single payment plan" is the most economical route, and other times it isn't.
Let's say you write a 90 thousand check for a Z06, By doing that, maybe you avoided a 4% interest charge on a loan, but if the investments you took that 90K out of were paying 12%, you have suffered a loss.
There's a lot more going on than "Homer Simpson economics".
they had zero percent on 2016 vettes in jun of 2017. If someone thinks its wiser to pay for the car cash instead of take zero percent, i don't think that person is all there.
Sometimes, "the single payment plan" is the most economical route, and other times it isn't.
Let's say you write a 90 thousand check for a Z06, By doing that, maybe you avoided a 4% interest charge on a loan, but if the investments you took that 90K out of were paying 12%, you have suffered a loss.
There's a lot more going on than "Homer Simpson economics".
Hard to say what you would do. You have no idea what I'm doing but you end up with a cool story You do associate with Homer Simson as far as a cartoon character though.
I have been buying and selling investments. Your situation is different than mine. I have plenty of investments not pulling money from any investments. I'm avoid interest charges by paying cash.
But I did get a nice wind fall from investments. Thus the single payment plan
I was looking at my checking account it has more than enough to buy a Z06! Plus the boat load coming in and the land bank I can sell any size parcel I want. Really doing well here!
they had zero percent on 2016 vettes in jun of 2017. If someone thinks its wiser to pay for the car cash instead of take zero percent, i don't think that person is all there.
I read where you posted here you didn't have the credit score and don't have 0 percent. Which was it? So that person is not you. I paid cash for my 2017 because I didn't want a car payment.
I I have plenty of investments not pulling money from any investments. I'm avoid interest charges by paying cash.
But I did get a nice wind fall from investments. Thus the single payment plan was looking at my checking account it has more than enough to buy a Z06!
Lots of people have enough in their checking account to buy a Z06. I do too. So what?
Lots of people own real estate. I do too. So what?
Does your checking account pay interest? If it does, can you start to see how a zero percent interest loan would leave you better off than reducing the principal in your interest-bearing account? Experiment with plugging in other numbers too, and maybe eventually you'll start to sort things out.
If you had cash under a mattress, rather than in an interest-bearing bank account, can you see how that is losing money?
Has anyone ever suggested that you might derive more benefit from thinking and learning, than from being reflexively combative?
Last edited by Warp Factor; 11-19-2018 at 12:21 AM.
Lots of people have enough in their checking account to buy a Z06. I do too. So what?
Lots of people own real estate. I do too. So what?
Does your checking account pay interest? If it does, can you start to see how a zero percent interest loan would leave you better off than reducing the principal in your interest-bearing account? Experiment with plugging in other numbers too, and maybe eventually you'll start to sort things out.
If you had cash under a mattress, rather than in an interest-bearing bank account, can you see how that is losing money?
Has anyone ever suggested that you might derive more benefit from thinking and learning, than from being reflexively combative?
Nope no cash under the mattress but not much difference from your less than 1 percent checking account. Maybe I already have it sorted out and don't need your 2 cents!
I think many paid that much for the ZR1. Time you add the interest in maybe more. I'm on the single payment plan from here on out.
Originally Posted by Warp Factor
Sometimes, "the single payment plan" is the most economical route, and other times it isn't.
Let's say you write a 90 thousand check for a Z06, By doing that, maybe you avoided a 4% interest charge on a loan, but if the investments you took that 90K out of were paying 12%, you have suffered a loss.
There's a lot more going on than "Homer Simpson economics".
Originally Posted by Mikec7z
they had zero percent on 2016 vettes in jun of 2017. If someone thinks its wiser to pay for the car cash instead of take zero percent, i don't think that person is all there.
Originally Posted by Warp Factor
Lots of people have enough in their checking account to buy a Z06. I do too. So what?
Lots of people own real estate. I do too. So what?
Does your checking account pay interest? If it does, can you start to see how a zero percent interest loan would leave you better off than reducing the principal in your interest-bearing account? Experiment with plugging in other numbers too, and maybe eventually you'll start to sort things out.
If you had cash under a mattress, rather than in an interest-bearing bank account, can you see how that is losing money?
Has anyone ever suggested that you might derive more benefit from thinking and learning, than from being reflexively combative?
HAHA! I make the on the top simple comment directed at no one and look what junk clogs the thread from the "experts" who quickly lay the blame with intellectual mind expanding posts.
I read where you posted here you didn't have the credit score and don't have 0 percent. Which was it? So that person is not you. I paid cash for my 2017 because I didn't want a car payment.
Its amazing the insults you throw people, based off of your inability to fathom what you read on a daily basis. Lets see how many people also misinterpret the same post that you must have....
When all that you do is counter everyone all day long on here, you cant expect life is a 1 way street, where no one is going to take the same attitude back towards you. You reap what you sow. If you would be kinder to people and their ideas, they would be kinder to you.
All I said was, if zero percent is available, and a person pays cash instead of invest that money in anything else which will yield them better returns, i don't think they are the best investor/manager of their money.
Man, I like that Mac Tool Box in the back ground, I’d take that over any Demon, any day.
My buddy has a similar one but without one of the end cabinets. He made a "chassis" out of it from 3" angle iron and wheels and so on, and rolls it to the car he's working on. Good thing the floor is smooth and level!
The only reason anyone would keep ANY money in a bank right now is for FDIC insurance. Checking versus savings doesn't really matter....
Semi-agreed. Other advantages are that it has nearly un-matched liquidity, and is pretty immune to the ups and downs of other sorts of holdings. It might be considered one of the super-safe areas, as a part of an overall investment and money management strategy.
Demons are going for $115K to $140K at auction depending on miles, colour, and options. If he was fortunate enough to purchase this one at MSRP and then traded for a maximum optioned Z06 key for key the only loss will come when the Z06 depreciates and the Demon appreciates. Could be one of those guys that trades cars every year and doesn't GAF about loss/gain.
11-17-2018, 08:49 PM
