Nissan 370Z Forum - View Single Post

sucasa · 03-21-2011, 06:43 PM

I am a big believer on having cash on hand, especially during bad economic times. Having that said, if you can afford to buy a car and finance it with the lowest interest possible, good idea. Or if you have so much cash on hand, that dropping 40K on a car is no problem, more power to you..

I just can't see myself dropping anything over 10K on a depreciating asset, because that's what cars are. if you qualify for 0% financing why not go for it, and save your cash..

I got my rate at 1.9% over 4 yrs w/ 5K down. I figure I can easily make the payments,s without unloading alot of cash upfront, got extended warranty as well, to minimize the financial impact of large repair, etc..

03-21-2011, 06:43 PM	#29 (permalink)
sucasa Base Member Join Date: Jan 2011 Location: DC Posts: 156 Drives: 2010 370Z Rep Power: 14	I am a big believer on having cash on hand, especially during bad economic times. Having that said, if you can afford to buy a car and finance it with the lowest interest possible, good idea. Or if you have so much cash on hand, that dropping 40K on a car is no problem, more power to you.. I just can't see myself dropping anything over 10K on a depreciating asset, because that's what cars are. if you qualify for 0% financing why not go for it, and save your cash.. I got my rate at 1.9% over 4 yrs w/ 5K down. I figure I can easily make the payments,s without unloading alot of cash upfront, got extended warranty as well, to minimize the financial impact of large repair, etc..