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Old 12-04-2012, 04:08 PM
finnbmw's Avatar
finnbmw finnbmw is offline
Officially Welcomed to the 'Fest
Location: Atlanta, GA
 
Join Date: Jul 2008
Posts: 840
Mein Auto: 2010 & 2012 X5 35d
I have a simple rule that has worked very well for me: If I can't afford to pay it with cash, I can't afford it. Buying real estate (home, 2nd home etc) is excluded from the above rule.

Lot of people finance their cars, I would never do it myself. Why pay the bank interest when you can pay yourself the interest. Plus I enjoy living debt free...
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