Quote:
Originally Posted by OldGuy
I'm a conservative old guy. In your position, as a younger guy, if I couldn't pay cash for a new Z, I wouldn't buy it. I would buy a more affordable car for the time being. One of my practices through life has been to avoid buying things until I can pay cash for them, as I do for my cars. Debt service is one of the heaviest drags to reaching financial independence. There is a functional alternative to virtually every purchase that is more affordable. How I came up with the cash for my Z purchase? The traditional way---saving up for it. You asked...
|
Well said.
Normally, I would do the same (buy used and pay cash), but I want to make a move on a NEW car this time and get that confident feeling, knowing that I have a warranty. I am looking to finance for no more that 3-4 years max. Even then, I plan on paying off earlier than scheduled. We'll see how that goes and good luck with your plans.
