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Old 04-01-2016, 03:47 PM   #41
Andoskyy
 
Drives: 2015 Summit White 2SS/RS 1LE
Join Date: Nov 2014
Location: Massachusetts
Posts: 230
Quote:
Originally Posted by pyroguy View Post
For all of you cash guys...
I will not make payments on a car again. It's just not worth it. Even if I had to go back and buy my Camaro again, I'd save up and pay cash.

OP, I paid mine off almost a year and a half ago and it was the best thing I ever did! Once the car was paid for I ripped out and replaced the entire exhaust out, ported the throttle body, and I'm getting it tuned in two weeks. With no more money going to the bank I now have money for mods. Up eventually...supercharger and suspension mods.
Don't get hung up on paying cash, it's not always the best option. With 0-2% financing available, it's free or cheap money.

Drop your $40k cash into a depreciating asset, or put $40k in the market, make a 4-6% return and earn a few grand every year while making payments on your car....what makes more sense?
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