did you pay cash for your ferrari?

I got a 4% loan for the only car I have that is partially financed(ferrari).. at that rate.. it was a no brainer..

Many people that make good money, are also self made business owners.. who might need their liquid cash for their business.. I am one such example.. I need all the cash I have.. I still had to put a good chunk in cashwise.. but I also financed a good portion.. Now if they were offered 6% financing I am not sure I would have jumped on it

 

great thread.... learning other's point of view financially

 

I financed (25% of it) for 2 years and paid it off within 4 months, and I love the fact that it is ALL mine!!!

 

paid cash

not on a line

old fashion way, cash money



-peace-

 

"If you don't have the money available to buy a toy, then don't buy it, financing is for necessities that you can't afford."
Cant agree more, I pay cash for my toys and when the market goes upside down I have no worries...

 

I am not knocking anyone on here that financed their cars but I was always taught that if you cat afford to pay cash for a toy then you cant afford to buy it. I paid cash for my 328 and cash for my Porsche. I feel much better about not having a payment but there are also people out there that say having tht much money tied up in assets is rediculous when "money is cheap" and you can finance a car or anything else for 4-7% if you have good credit. It all depends on how you look at it but I feel more secure in the fact that I dont have a payment hanging over my head.

Just my 2 cents...

 

Paid cash for all my 3 toys. Again mine are affordable.

 

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