please, explain why you feel that way.

i just don't understand why you would waste 35k on a car that you can finance at 0% and spend your 35k on some real estate investment and make 10k on it in 5 years. but, you are the expert.

 

Did you drive the f*c% out of it before you returned it?

 

read the thread

 

whatta jacka$$

 

I have to jump in here. What your saying makes perfect sense, but you have to look at it like this. This guy your talking to has cash so he can afford to pay in full with cash to buy a 30k car. Now your telling him to put that money into a CD, IRA etc... but if he wanted to do that it sounds like he would as well as buy the new car. I could be wrong, but I guess it just depends on how much money you have.

 

I don't understand what you are saying here.

What i am saying the intellegent thing to do if you have the cash to buy a 30k dollar car and can get 0% interest is: Finance the car, you will have the same amount of money in it after 1 year as you do if you paid cash for it.....and invest your 30k and make money off of it!

I dunno if you know what im saying, but i certainly don't understand what you said, LOL.

 

Yeah, you can make a couple bucks by investing the money, but If you already own two houses free and clear, my bet is that an extra couple grand wouldn't mean much to you. Monthly payments are a hassle anyways. Once you're rich, you don't have to worry about such piddly shenanagins.

 

That’s right if you qualify for zero percent financing why not take it, its free money.
The only reason one would not do this is that just don’t have the disciple to save their money and let it grow.

 

yes, millions is rich.....anything short of that, you need to keep makin money.

 

geez this guy dont give up, i was just voicing my opinion. The point is it s your money you manage it the way u want. Considering i am 25, have 2 houses, 3 cars, and making my money leagaly i think i must be doing something right
being a pilot + part time real estate broker has its advantges

 

Surely, being the outstanding businessman you are, you could tell me WHY you have your opinion.

Just because you have 2 houses at 25 doesn't mean jack....it could mean you got lucky once. Im not doubting anything about you or your practices...just asking WHY you would choose that.

I also find it hard to believe you are as successful as you make yourself out to be if you don't even understand what im saying....and you would pay cash for a car that you could finance for 0%. I guess they don't teach you about finance in real estate school. What does it take to get a real estate liscense anyway? 2 weeks of school?

 

lol omg, dude i have 2 bachelor degrees, one general business degree from USF, and a aeronautical degree from Embry-riddle University. Yes my success is due to luck but also hard work. back on your stupid 0% financing, if you look at it from my point of view, it means your paying 35k lil by lil without paying any interest, which equal to buy the car cash with one payment, which i prefer doing. sure u can put that money in some other kind of investment but damn i am sorry 35k for me is pocket change, i rather invest a solid 100k at 8% in IRA, and use that 35k for a new car. To make money it takes money and 35k is a start but hardly worth my time. I just like spending the money i have earned from my hard work, and i hate owing anything to anyone but that s just me, maybe it s due to the way i have been brought up. SO far i am pretty successfull at what i do and hopefully it will stay that way. on this i ll stop, this is my last reply to this thread

Peace

 

If you qualify for 0% financing you're crazy to put any money down at all. This is free money. Take your $35k and invest it or sink into an appreciating asset such as a house,etc. Getting free money on a depreciating asset such as a car is a deal, one that you'd be an idiot to turn down. Also, I don't care how much you make whether it be thousands or millions, $35k is not chump change. Trust me, I do very well for myself also and would never make such an idiotic statement as "$35k is hardly worth my time," or "$35k is pocket change."

 

As much as I love my EVO, if I had a million $'s I would be driving something a little more exotic say gt40 or viper.

 

that fool is full of $hit. 35k is pocket change eh....buy a F*CKING ferarri then. So, invest 135k and double your money you dumb $hit.

USF business school must suck.