Quote:
Originally Posted by Lups
I was trying to make myself write that pay up your loans, buy a house, get a wife and live long and be merry. Unfortunately that would make me the hypocrite of the century. I still have mortgage, but I'm going to have one till i hit 40, so instead of thinking this as a reasonable purchase, I'm investing in my future. this car will keep me sane in this middle aged engineer land, where I'm living now.
Go for it, live a little, don't wrap it around a tree.
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I hear you. Besides, everything is a payment nowadays. Mortgage, car, insurance, business loans, credit cards. Not a lot of people "buy" stuff. You either finance or lease it. Besides, why would I tie $70,000 cash in a depreciating asset? I prefer to use someone else's money, low interest rates and let inflation work to my advantage. Maybe i'll hold off until interest rates on the f80 become more competitive, and finance it then?
The 6.8% just kills all the fun, and wants me to get out of that loan ASAP!