View Poll Results: Do you own or owe?
Own
362
68.05%
Owe
170
31.95%
Voters: 532. You may not vote on this poll
Own or Owe
09-29-2010, 08:46 PM
#222
_"SCOTT"_
09-29-2010, 08:48 PM
#223
Melting Slicks
Just go to any thread that he is a part of and you can see the level of arrogance right away. Easily the most confrontational member on here.
09-29-2010, 08:52 PM
#227
_"SCOTT"_
09-29-2010, 08:57 PM
#228
Melting Slicks
Member Since: Jan 2009
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I nearly purchased a Lambo Diablo 3 months ago, would that give me the license to act like a schmuck? NO. In fact a friend of mine has 11 high end sports/exotic cars including 3 Vipers, etc... and he is a gentlemen. Very nice, courteous, polite, etc... He has money AND class.
09-30-2010, 02:45 AM
#231
Burning Brakes
Saving for years is more expensive than financing at a low APR. This is because every 27 years, the value of money is cut in half, so when you save for years to pay cash, instead of your debt depreciating, your savings depreciate. The car will depreciate at the same rate regardless.
True, but I did not want to over extend myself. I know what your saying, and agree somewhat, but piece of mind goes a long way.
09-30-2010, 06:36 AM
#232
Melting Slicks
09-30-2010, 06:38 PM
#236
Melting Slicks
Member Since: Jan 2009
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Actually I hope 44 sticks around because he's quite humorous. It's kind of like watching the first couple of episodes of American Idol where people think they can sing but can't, except it's everybody laughing as they watch an overly obnoxious person make a complete jackass out of himself over and over and over, yet they are too obnoxious to realize it! LOL
09-30-2010, 07:02 PM
#237
_"SCOTT"_
Actually I hope 44 sticks around because he's quite humorous. It's kind of like watching the first couple of episodes of American Idol where people think they can sing but can't, except it's everybody laughing as they watch an overly obnoxious person make a complete jackass out of himself over and over and over, yet they are too obnoxious to realize it! LOL
Well said...The first couple episodes are OK. Then when you realize the switch is broken on your TV and you can't turn it off. The situation then becomes more like gum stuck to the bottom of your shoe. You look for a nice clean strip of lawn to wipe it off, and you land right in a big turd that you didn't see...
Now you're sticky and smelly...
Lesson here: don't turn on the TV if American idol is on, and try not to participate in threads where "someone" is making no sense what so ever...
09-30-2010, 11:27 PM
#238
Le Mans Master
My Dad did the same thing with me and a $2500 line of credit 3 years ago. Since then I have gotten a credit-card, took out another loan, and made sure to show good activity on the LOC and I max my card out/pay it off several times a month (It is just a small card, $500). I am shooting for a 705+ beacon by the time I buy mid next year.
guys,,,,no one cares who has what,,,these cars are toys,,,,for most of us,,,,,remember,he who dies with the most toys,,,,,,,,,still dies,,,,,,so have some fun,,,and drive those cars,,,,,
09-30-2010, 11:38 PM
#239
Instructor
Member Since: Aug 2010
Location: Ashburn Virginia
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I guess Im **** backwards...
I own my home, own my Suburban but financed my Vette and wifes mini-van...
EIther way, it works for me in my head and i think thats all that matters..
Wow so many owners of these fine vettes, makes you wonder what we all do or did for a living...
One more thing, cars depreciate real quick so if you guys paid cash 50-75k for a car and 9 months later its totalled, i highly doubt you will get back what you paid for as the insurance will only pay you what the car is worth. Maybe you can haggle them up a few thousand but rarely do they pay you enough to fully replace your car.. But if you finaince and your car gets totalled, you walk away, insurance pays the bank and you start all over on a new vette.
Isnt that a better way to go and in the mean time you could of put 50-75k invested into paying your house off or other investments?
Thats why i didnt think of paying for the vette, in case i crashed or it got stolen..
Am I crazy?
I own my home, own my Suburban but financed my Vette and wifes mini-van...
EIther way, it works for me in my head and i think thats all that matters..
Wow so many owners of these fine vettes, makes you wonder what we all do or did for a living...
One more thing, cars depreciate real quick so if you guys paid cash 50-75k for a car and 9 months later its totalled, i highly doubt you will get back what you paid for as the insurance will only pay you what the car is worth. Maybe you can haggle them up a few thousand but rarely do they pay you enough to fully replace your car.. But if you finaince and your car gets totalled, you walk away, insurance pays the bank and you start all over on a new vette.
Isnt that a better way to go and in the mean time you could of put 50-75k invested into paying your house off or other investments?
Thats why i didnt think of paying for the vette, in case i crashed or it got stolen..
Am I crazy?
10-01-2010, 12:45 AM
#240
Melting Slicks
Member Since: Jan 2009
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I think the facts are that people who have the cash will simply use it rather than worry about nickle and diming themselves about what .25% more might yield over the 5 years, etc... I know people who ARE like that and thankfully I'm not. My mother is one and she is miserable because she worries about every penny. Another one was an old ex-roomate of mine many years ago. He drove me crazy. He would set the thermostat of the apt we shared several times a day to save every nickle on the bill. He would grocery shop and use coupons and buy essentials, no splurging, etc... (He was an accountant) Sure, we can debate this all week long but it's really mainly hypotheticals and those who are saying they wouldn't pay cash really is because they aren't able to, most likely. I bet 1 out of 100 people who have cash won't pay cash and try some of the schemes mentioned here. The other 99 will simply write a check and enjoy their ride home and not worry about it. Anybody else try and follow the Dave Ramsey program? It sure makes good sense to me, at least most of it.