12-11-2005, 02:52 PM
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Officially Welcomed to the 'Fest
Location: Phoenix, AZ
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Join Date: Mar 2004
Posts: 3,242
Mein Auto: 330i, Toyota Land Cruiser
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Quote:
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Originally Posted by rwfisher
If you can pay your bills, put money away for retirement, and still manage to save $$ for a car...
...save the money and pay cash when you get enough. You should be able to earn enough interest to pay for an option or two.
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Or, if all your bills are paid, no debt except for a mortgage and you max out your 401(k) then look for a very low financing rate like I did. I have enough "money in the bank" for a few BMW's but I like having that money earn money for me. So I pay half in cash and finance the rest at a rate approximating inflation these days. Paying $45K in cash wasn't a smart move for me when that money earns in the 5-6% range and the cost of borrowing was lower than that.
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2005 330i | ZHP, Xenons, Jet Black/Natural Brown (Black Cube)
Last edited by jetstream23; 12-11-2005 at 03:03 PM.
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