Whats your Monthly payment?
04-28-2022, 12:58 AM
#1
Instructor
Thread Starter
Whats your Monthly payment?
For the folks who financed their C8, what is your monthly payment like ? Mine is $806, just curious what the range is ?
Popular Reply
04-28-2022, 07:03 AM
Zero car payment ,zero truck payment , zero house payment and zero rent. I’m enjoying the fruits of all my previous labor. There was a time I was in debt up to my eyeballs. The secret to a successful retirement is no debt.
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Marshjn (04-28-2022)
04-28-2022, 01:39 AM
#3
Le Mans Master
Car payment - zero
'21 Porsche Macan S in garage parked alongside an '88 328 GTB Ferrari.... rent payment $1,400.
'21 Porsche Macan S in garage parked alongside an '88 328 GTB Ferrari.... rent payment $1,400.
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04-28-2022, 06:52 AM
#7
Racer
I got a loan for full value at 1.99% interest. I'm having my cash work for me elsewhere at much higher return rates. So I think I got the better deal than y'all 
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04-28-2022, 06:59 AM
#8
I am guessing that you also have a maximum home loan, a margin account, and no fixed income investments to take full advantage of those higher returns.
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04-28-2022, 07:03 AM
#9
Zero car payment ,zero truck payment , zero house payment and zero rent. I’m enjoying the fruits of all my previous labor. There was a time I was in debt up to my eyeballs. The secret to a successful retirement is no debt.
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04-28-2022, 07:22 AM
#10
Safety Car
$461 a month. I got a very low interest rate so for me it would have been stupid paying cash. I can make much more than 1.5% on my $97K anyone that pays cash for a car is a dummy. I always finance through GM Financial if something should go catastrophic with the car and GM tries to give me trouble I just lock the car up and shut the $$ water off and call my Lawyer and GM is left holding the bag of there turd not me. Once you pay for it your sunk.
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04-28-2022, 07:26 AM
#11
Last edited by JDSC8VETTE; 04-28-2022 at 05:13 PM.
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04-28-2022, 07:39 AM
#13
Burning Brakes
Similar payment to you. I will put around 20% down on the vehicle then I have to pay the 6% state sales tax too and got a great rate through Navy Federal. I could pay cash, but I am younger so I prefer to build credit history and keep my money invested while rates are low.
04-28-2022, 07:46 AM
#14
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04-28-2022, 07:48 AM
#15
Instructor
Thread Starter
Congratulations Sir. May I ask at what age you retired ?
04-28-2022, 07:52 AM
#16
Instructor
Thread Starter
Similar payment to you. I will put around 20% down on the vehicle then I have to pay the 6% state sales tax too and got a great rate through Navy Federal. I could pay cash, but I am younger so I prefer to build credit history and keep my money invested while rates are low.
04-28-2022, 08:01 AM
#17
Safety Car
I use free money from dividends and real estate income to minimally pay down the rapidly deprecating assets that have no real long term value to me ( a car).
If i were going to tie up 80 grand it would be in another duplex or 4 plex that makes me money not a car that decreases in value.
04-28-2022, 08:10 AM
#18
Racer
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$461 a month. I got a very low interest rate so for me it would have been stupid paying cash. I can make much more than 1.5% on my $97K anyone that pays cash for a car is a dummy. I always finance through GM Financial if something should go catastrophic with the car and GM tries to give me trouble I just lock the car up and shut the $$ water off and call my Lawyer and GM is left holding the bag of there turd not me. Once you pay for it your sunk.
2nd, I once saw a quote from Warren Buffett that said "either pay cash, or finance as much as possible". So, you consider Warren Buffett a "dummy". LMAO
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04-28-2022, 08:15 AM
#19
Safety Car
Yes is is in many ways. He has made many many bad investments in his day.
04-28-2022, 08:35 AM
#20
Le Mans Master
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2023 C8 of the Year Finalist - Unmodified
Click bait...
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