Over MSRP Question

[FriedCherry]

Originally Posted by 2010SSRS

and it's those same people who got us into the credit mess we're in! both the folks with no cash to put down buying stuff they can't afford and the lenders giving them the loan.

if you can't come up with 20% cash down, YOU CAN'T AFFORD IT!

i still don't think it's as common as ya'll think.

That is so VERY untrue. I finance 100% of my car. Here is why... My loan is 3.9%... I make about 12% on my money with various investments. Why should I put that money down that is making me ~8% by holding on to it?

If I wanted to pay over sticker (which I absolutely refuse), my bank will give me up to 175% of sticker price, but it is because my score is over 815.

[87irocz]

[QUOTE=FriedCherry;540632]I make about 12% on my money with various investments.


Wow, I wish I could get that kind of return. All of my extra money just goes into my government thrift savings account where I choose from several different investment options. It's been mostly negative lately. 12% sounds like the Bernie Madoff investment plan.

[Fightinfire921]

FriedCherry: That is so VERY untrue. I finance 100% of my car. Here is why... My loan is 3.9%... I make about 12% on my money with various investments. Why should I put that money down that is making me ~8% by holding on to it?



Please tell me were I can made 12% on my investments.

[phiz118]

Originally Posted by FriedCherry

I make about 12% on my money with various investments.

Have you checked your "investments" lately? There isn't an investimate out there that makes 12% consistantly unless you are running your own business and then I wouldn't consider that an investment.

[2010SSRS]

Originally Posted by phiz118

Have you checked your "investments" lately? There isn't an investimate out there that makes 12% consistantly unless you are running your own business and then I wouldn't consider that an investment.