That is a silly way to look at things. No one ever owns their house either?

At least personal property tax on vehicles is tax deductible if you itemize. Pure vehicle registration fees aren't. I think all states have registration fees, so it is semantics in wording between states and nothing more.

The state with $50 in registration fees and $300 in personal property doesn't "own" your vehicle in contrast to the state with $250 in registration feels and $0 personal property.

I lease my 2011. When the lease is up in a year, I'll either buy it, lease another one, or walk away and get something else.

That's only if you're a resident. I don't pay property tax. And I most definitely own mine.

Paid mine in full.

Financing vs Cash car purchases
 

Dave Ramsey makes a really good case for paying cash for cars. For one thing, financing and investing the capital in the stock market should consider the substantial risk that over the time frame being considered, a net loss in the stock market is not at all an uncommon result. One is essentially financing a stock investment with a short term loan which is always fraught with risk. Basically buying on margin. If one has 30K for that new Z and puts it into the stock market while financing the Z, he may well find that 30K going down to 3K--and still take depreciation hit on the Z. Safer, if he wants to invest in the stock market, to pay cash for an older 300 or 350Z and invest the rest. Then he won't lose the car if he misses a few pay checks, even if his stock picks tank.

It is funny how one hears the stock market spoke of as if it were a sure thing when it is setting new record highs and cursed as a gambling den run by thieves when it crashes.

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I would never take responsibility for encouraging anyone to borrow money or to get married.

You intermixed a bunch of different concepts here. Sure, buy the used car. Ok. That's fine, but not what we are talking about here.

Dave Ramsey specifically said don't finance a car at 0%? I've never heard him say that, but it wouldn't surprise me. He advice is best for the sheep of the world, not the lions.

I will gladly admit I don't own my Z. USAA owns my Z for the next 4 years. I figure why not just build my credit to the max. It is not like I am getting screwed with the APR I got a low APR so regardless I don't even see the money come out my check. I am use to not seeing it for the last 2 years that is don't even phase me.


Dave Ramsey is a smart fella.

I threw down some money when I sold my 350 and financed the rest. I did 5 years at 1.9% but always pay and extra $100. Goal is to have it paid off in 3 years.

Sheep, huh.....that's silly. He generally gives pretty sound advice.

The taking the low interest rate and investing the difference is a sound practice to a point, and certainly makes the most sense at 0%. However, first, your average consumer will not invest the difference, your average consumer will do exactly that, consume it. Anything other than 0% interest aside, your average consumer will be better off avoiding non-tax deductible debt when possible. Second, as I've read the last few pages of this the other assumptions made on the strategy are higher returns in the market like we've had the past couple years. If you've already forgotten we've had two pretty huge busts over the last dozen years or so. I can tell you first hand the heavier equity players have been having a freakin shopping spree the last 4 or 5 years at the expense of the heavily leveraged "lions" who have been trying to avoid bankruptcy when their investments dropped well below their leverage and they had to pay the piper.

I stopped listening after this....

He is great for the folks that need serious help managing money

I payed 29K for blue sport pkg. 09 leftover with 350 miles in January of 2010, it felt good to pay for all of it, hope I never have to finance again.:bowrofl:

Congrats man :tup:

When the stock market falls 40%, unemployment doubles, and the boss decides this is a good time to treat the employees like crap, it is the man with no debt and several months of living expenses in cash who can calmly lick his paw like the King of Beasts and say "You talking to me punk? I don't have to put up with this disrespect"

Been there and it is a damned good feeling .

Not arguing. Each picks his own game and his own victory conditions. A grown man does so by his own lights without manipulation by other's labels. I don't care as long as I don't get their bill. Too many lately have been sending me their bill.

Traded in the suburban that I got in the divorce. Financed the rest. Owe just under 10K.

Oh, as my name suggests. Military. Job Security forever.