Finance or Cash?

themann1984 · 12-30-2010, 07:43 PM

It depends on your risk tolerance. The stock market is expected to have another good year for 2011. So, if you can stomach the risk you could probably earn a return that beats the interest you pay on the car loan. (Of course, this depends on your credit rating and the basket of risky assets that you purchase.)

Blue370tt · 12-30-2010, 09:28 PM

I paid cash for my 2009 Z and own it outright. I can mod all I want and not worry about any issues from the bank.

BrickyardZ · 12-30-2010, 09:50 PM

I also paid cash. The only way I would finance is with 0% interest.

Red__Zed · 12-30-2010, 09:57 PM

Quote:

Originally Posted by BrickyardZ

I also paid cash. The only way I would finance is with 0% interest.

I paid cash for mine, but would probably finance with 1-2% interest, since I could comfortably beat it in investments.

plato · 01-02-2011, 12:26 AM

Cash is obviously the better choice but most people will never have that option.

ThoriumHotdog · 01-02-2011, 01:54 AM

I was hoping to pay cash but we'll see what happens in the coming months. I could either have a sick Z or end up sleeping under a bridge.

Kenny · 01-02-2011, 02:59 AM

Cash in full is the way to go, why pay interest when you don't have to? Sure you can build credit if you finance, but having credit cards would help you achieve the same thing. Just pay on time, keep the balances low, and good credit will come.

I paid more than 2/3 in cash and financed the rest through my credit union. I could have paid in full, but that would've left me with no cash for insurance and bills.

01-02-2011, 02:59 AM	#22 (permalink)
Kenny Enthusiast Member Join Date: Nov 2010 Location: Los Angeles, CA Posts: 330 Drives: 2011 Nissan 370Z Rep Power: 15	Cash in full is the way to go, why pay interest when you don't have to? Sure you can build credit if you finance, but having credit cards would help you achieve the same thing. Just pay on time, keep the balances low, and good credit will come. I paid more than 2/3 in cash and financed the rest through my credit union. I could have paid in full, but that would've left me with no cash for insurance and bills. __________________

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12-30-2010, 07:43 PM	#16 (permalink)
themann1984 Base Member Join Date: Apr 2009 Location: Overland Park, KS Posts: 100 Drives: 09 370Z Yellow M6 Rep Power: 16	It depends on your risk tolerance. The stock market is expected to have another good year for 2011. So, if you can stomach the risk you could probably earn a return that beats the interest you pay on the car loan. (Of course, this depends on your credit rating and the basket of risky assets that you purchase.)

12-30-2010, 09:28 PM	#17 (permalink)
Blue370tt Enthusiast Member Join Date: Dec 2010 Location: Chattanooga TN Posts: 279 Drives: Nissan Juke Rep Power: 14	I paid cash for my 2009 Z and own it outright. I can mod all I want and not worry about any issues from the bank.

12-30-2010, 09:50 PM	#18 (permalink)
BrickyardZ Base Member Join Date: Oct 2010 Location: Cincinnati Posts: 123 Drives: 2010 40th Anniv Rep Power: 15	I also paid cash. The only way I would finance is with 0% interest.

01-02-2011, 12:26 AM	#20 (permalink)
plato Base Member Join Date: Nov 2010 Location: Los Angeles, CA Posts: 88 Drives: 2010 370Z 7AT Rep Power: 15	Cash is obviously the better choice but most people will never have that option.

01-02-2011, 01:54 AM	#21 (permalink)
ThoriumHotdog A True Z Fanatic Join Date: Sep 2010 Location: TX Posts: 1,104 Drives: Turbo CRX si Rep Power: 17	I was hoping to pay cash but we'll see what happens in the coming months. I could either have a sick Z or end up sleeping under a bridge.