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24 April 2018, 04:43 AM | #31 |
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2 month break penalty. no big deal.
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If you wind it, they will run. 25 or 6 to 4. |
24 April 2018, 04:47 AM | #32 |
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its probably easier than having to sell the car, since you need the money. I personally would think of the money as gone for the term and collect the interest at the end. No different than if you paid in cash for the car and then had to get the money back but less painful.
IMO it gives you more cash flow flexibility. You still have a pot of money and monthly car payments. It gives you more time if the worst were to happen.
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Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition) |
24 April 2018, 04:49 AM | #33 |
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Interesting. I’ve heard potentially big penalties.
Either way, I do get your point. And I realize I’ve a lot to learn. I also realize I’m likely leaving a lot on the table. But not having debt pays endless dividends to me. Truly, the peace of mind is worth it. Besides, I now put away more each month. It works for me.
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24 April 2018, 04:52 AM | #34 | |
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Quote:
If I’m putting disposable money in investments, and using credit for items I purchase, I leave myself open to potential problems.
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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24 April 2018, 05:15 AM | #35 | |
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Quote:
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If you wind it, they will run. 25 or 6 to 4. |
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24 April 2018, 05:27 AM | #36 |
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Adam |
24 April 2018, 05:38 AM | #37 |
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or one in which we just dont use leverage. leverage is a great thing until it isnt.
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If you wind it, they will run. 25 or 6 to 4. |
24 April 2018, 05:45 AM | #38 |
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I would never finance a watch, even at 0% interest.
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24 April 2018, 05:54 AM | #39 |
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so what do you call working ????
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If you wind it, they will run. 25 or 6 to 4. |
24 April 2018, 06:01 AM | #40 |
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24 April 2018, 06:09 AM | #41 |
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24 April 2018, 06:28 AM | #42 |
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I did.
Please know that I am no baller. I do not make enough to purchase a car like that outright. Not even remotely close to enough. However, I have made a few lucky investments and they paid off for me. I also live a pretty modest lifestyle all things considered. That said, if I could not have paid cash, I would not have bought it. The only debt I have is for the Range which is my daily driver. I use it for business and it is a lease. Literally everything else is paid for. Again, I am no baller. But I got super lucky with a business I started and sold 6 years later (was a hobby nights and weekends and holidays), and then lucky again a few years later with a business I bought into and was also purchased. While I completely understand the need for a mortgage and car loan, I do not understand using debt for something that is not necessary. I don’t fault anyone for it. It is just not my style. And I believe that my “methodology” has greatly helped me in setting myself up for a relatively comfortable life.
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
24 April 2018, 06:29 AM | #43 |
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Best purchase I ever made. It is a dream every single time I start it up.
I could not be happier with it.
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
24 April 2018, 06:57 AM | #44 | |
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Quote:
We did use the 0% APR when we purchased my wife's Rolex in Maui last summer and we have about $2k left to pay on that so no worries there. It will be paid off before the 1 year mark. Our car loans and our mortgage is the only other debt we have. We could pay off the car loans today if we needed to and the house is worth more than twice what we owe on it. Hell, our mortgage payment is less than what you would pay to rent a 2 bedroom apartment around here. We live a very comfortable life, have plenty of cash in the bank and assets worth well more than our lifestyle would portray. I really have no worries when it comes to money. The AMG GT is a sweet ride. Enjoy it! |
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24 April 2018, 06:58 AM | #45 | |
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Quote:
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24 April 2018, 07:05 AM | #46 | |
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I’m just too anxious to change my ways. Trust me, my methodology is based on paranoia, not the idea that I know smart business. But it does work for me.
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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24 April 2018, 07:11 AM | #47 | |
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Quote:
Its ironic because my methodology comes from the same paranoia but it manifests in the opposite way. I use credit cards for everything (still pay in full every month of course) but because its not my money i dont care if my card is stolen or my account gets hacked because its not my money that is gone, its the banks and im not liable. I have my cash accounts on lockdown and dont use checks or debit cards or anything with links to my actual accounts unless I absolutely have to. I like to finance at low or 0% for similar reasons, its not my money and i get to keep mine longer and i have more flexibility.
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Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition) |
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24 April 2018, 07:21 AM | #48 | |
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Quote:
I’m right there with you on that. Not so much on the financing part, but still very similar.
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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3 May 2018, 09:27 PM | #49 |
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Don't let your bank balance stop you. get the personal loan for bad credit from short term credits. Apply now for the instant money you need without credit card check. Fill the quick application form and get a loan up to $ 10000.
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3 May 2018, 09:48 PM | #50 |
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what is this an advertisement?
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If you wind it, they will run. 25 or 6 to 4. |
3 May 2018, 09:49 PM | #51 |
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So I have 10k easy money sitting there in the piggy earning interest.
I want a new Rolex. AD offers 36 months 0% interest and it is the same price as cash. Would I give the AD my 10K interest earning cash Seth? Or am in missing something? .
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3 May 2018, 10:09 PM | #52 | |
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now you may say I can earn more on $10k than 3.5% over 3 years, you can but you can also lose your principal. the safer bet is you get a 2% return and then you are no better than 200 off at the end of the three year period after tax.
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If you wind it, they will run. 25 or 6 to 4. |
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3 May 2018, 10:38 PM | #53 |
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I buy the 10k Rolex at 0% over 36 months and walk out with a new Rolex and the best part of my 10K in the bank. Or pay cash and just have the Rolex. And this warm no finance feeling? Your choice? I have nothing financed and cash in the bank is king IMO. As has been said buy the watch at 0% and skip a few coffees/day. You would hardly need to touch your 10K.
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3 May 2018, 11:11 PM | #54 | |
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Quote:
however, most sales people arent going to give you both. in fact they usually cite one or the other as a trade off.
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If you wind it, they will run. 25 or 6 to 4. |
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