[Xspeedracer]

Originally Posted by BRAKE!

and fanofbmwe46

Do you guys factor in the tax implications? I assume you're both speaking about post tax investments with liability for capital gains tax (especially on accounts held less than a year...)

I've thought about doing this as a quick way to make a few % points above a money market fund, but my calculations show short-term capital gains tax eroding almost all of the gains, especially in this market where everything seems to be doing a nose dive.

I have a good advisor and this is not a tax protected account so no penalty, but still have some loss over the years. I will be able to cut a check for the down payment and still keep some in the account

[Schn3ll]

I had to change my vote to no, but not because of the economy. On 12/31 I got a deal on a new CT4 Blackwing (manual and loaded options) for $2k below sticker. Was too good of a deal to pass up (most dealers asking at least $5k over sticker still, car is rarer than hen’s teeth and they know it).

One of the main reasons was so I could dump my Taycan. If you’ve been following used EV prices since the government changed the tax credits you’ll know that high end EV’s are dropping fast. My local Porsche dealer offered me $95k 2 months ago, last week they offered me $86.5k after a lot of negotiations. I got a good bit more than that from Cadillac and lots of cash in my pocket + $7,500 tax credit next year still applies. No brainer right now.

The car is phenomenal and a natural competitor to the M2. Prior to the Taycan I had a manual 991.2 and the Blackwing is very close to the precision and feel of the 911 with a more comfortable and usable ride (magnetorehelogical dampers). Still in break-in but car has been great so far and I don’t miss the Taycan.

[BRAKE!]

Originally Posted by Schn3ll

I had to change my vote to no, but not because of the economy...

Car looks amazing! Enjoy that beast in good health. Maybe we’ll see you in a LCI M2

[Bumpinjeep]

Originally Posted by Schn3ll

I had to change my vote to no, but not because of the economy. On 12/31 I got a deal on a new CT4 Blackwing (manual and loaded options) for $2k below sticker. Was too good of a deal to pass up (most dealers asking at least $5k over sticker still, car is rarer than hen’s teeth and they know it).

One of the main reasons was so I could dump my Taycan. If you’ve been following used EV prices since the government changed the tax credits you’ll know that high end EV’s are dropping fast. My local Porsche dealer offered me $95k 2 months ago, last week they offered me $86.5k after a lot of negotiations. I got a good bit more than that from Cadillac and lots of cash in my pocket + $7,500 tax credit next year still applies. No brainer right now.

The car is phenomenal and a natural competitor to the M2. Prior to the Taycan I had a manual 991.2 and the Blackwing is very close to the precision and feel of the 911 with a more comfortable and usable ride (magnetorehelogical dampers). Still in break-in but car has been great so far and I don’t miss the Taycan.

Car looks too cool not to create a thread in the "General Automotive (Non-BMW)" section and post some more pics please. And thank you.

[Vaticous]

Questions for those who have paid (or tried to pay) more towards your monthly payment and used BMW’s in-house financing:

1. Were you able to do so successfully and without any penalty fees?
2. Were you able to apply the extra payment to the principal of the loan only, consequently reducing the total interest on the term of the loan?

I don’t want to put up too much cash as I would rather invest it but I would be willing to pay more towards my monthly payment (if it were applied to the principal only) every other month or so.

[M_Power Rob]

Originally Posted by Vaticous

Questions for those who have paid (or tried to pay) more towards their monthly payment and used BMW’s in-house financing:

1. Were you able to do so successfully and without any penalty fees?
2. Were you able to apply the extra payment to the principal of the loan only, consequently reducing the total interest on the term of the loan?

I don’t want to put up too much cash as I would rather invest it but I would be willing to pay more towards my monthly payment (if it were applied to the principal only) every other month or so.

I dont believe there is any variation based on hownit would work, in general. Payments go to paat due/current payments first, then any over that amount is applied to principal. Will not cause a reamortization but will oay off the loan faster.

[Vaticous]

Originally Posted by M_Power Rob

I dont believe there is any variation based on hownit would work, in general. Payments go to paat due/current payments first, then any over that amount is applied to principal. Will not cause a reamortization but will oay off the loan faster.

Perfect - music to my ears. Thanks for this.

[GrannyShiftG80]

doesn't matter - recession will be over by the time US allocations are out

[T_U_D]

Originally Posted by Allenssmart

doesn't matter - recession will be over by the time US allocations are out