Is it wrong that I want a 2003 BMW 330ci rather than a new one?

Tommy Knocks

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BlvdBrawler

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Because lets say you have 50K to spend on a car
What do you do
Pay for the car cash

Or take out a new car loan which tend to be very low like 2% and invest the 50K


This argument doesn't go over well on here. I don't know why, but dudes will go back and forth with you all day saying that dropping cash (your cash) on the car is the better idea.
 

MoneyTron

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This argument doesn't go over well on here. I don't know why, but dudes will go back and forth with you all day saying that dropping cash (your cash) on the car is the better idea.
People on the internet hate financing cars for no reason.
 

philmonroe

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This argument doesn't go over well on here. I don't know why, but dudes will go back and forth with you all day saying that dropping cash (your cash) on the car is the better idea.

People on the internet hate financing cars for no reason.

I could see if interest rates were high, but paying a loan at a rate less than inflation is literally better than cash. :manny: Let them tell it tho.
For all these quotes its because that's what alot of the financial experts say truthfully. I've saw a few say you shouldn't finance a car buy one you can afford outright blah, blah, blah. As long as you not fronting to much and you get a good rate nothing wrong with financing a car. Cats rather sound smart instead of actually being smart is what I think is going on most times.
 

BlvdBrawler

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For all these quotes its because that's what alot of the financial experts say truthfully. I've saw a few say you shouldn't finance a car buy one you can afford outright blah, blah, blah. As long as you not fronting to much and you get a good rate nothing wrong with financing a car. Cats rather sound smart instead of actually being smart is what I think is going on most times.

Yea, I think the argument also takes into account the amount of cash you're dropping. I wouldn't finance a used car for 10k, I'd just pay cash but that's not an enormous sunk cost. At the same time, I'd have a very hard time justifying dropping 50k cash on a brand new car, especially knowing it's gonna lose 10% of it's value 5 minutes from now. :weirdo:
 

philmonroe

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Yea, I think the argument also takes into account the amount of cash you're dropping. I wouldn't finance a used car for 10k, I'd just pay cash but that's not an enormous sunk cost. At the same time, I'd have a very hard time justifying dropping 50k cash on a brand new car, especially knowing it's gonna lose 10% of it's value 5 minutes from now. :weirdo:
Yeah I agree on used older cars but I was talking moreso about new cars that cost 20k+ since that's the range most people are in. I mean most aren't going to invest it anyway but still that's alot of bread for the majority for something that's dropping value like you said as soon as you leave the lot.
 
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