View Single Post
Old 01-21-2010, 01:25 PM   #6 (permalink)
m4a1mustang
A True Z Fanatic
 
m4a1mustang's Avatar
 
Join Date: Feb 2009
Location: Northern VA
Posts: 55,385
Drives: on two wheels
Rep Power: 6962
m4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond repute
Default

Quote:
Originally Posted by areyouin729 View Post
this is pretty basic question if you ask me

if you have $30-40k laying around and dont need it why finance? doesn't make sense really
Indeed. But don't deplete all of your cash (I know you said it already -- I'm just reiterating). You want to make sure you leave enough behind to fund at least 6 months of expenses.

If you only have $40k in cash and are looking to buy a $40k car, I wouldn't pay all cash for it. I'd make a sizable down payment and finance the remainder with a short-term loan.
__________________
- Steve
MAZOC Meet Thread
Zs & Coffee - Saturdays at 10AM in Fairfax, VA and Columbia, MD (Click the banner!)
LIKE us on Facebook!

Last edited by m4a1mustang; 01-21-2010 at 01:28 PM.
m4a1mustang is offline   Reply With Quote