08-19-2013, 02:04 PM
D_Eclipse9916 Wrote:I only buy with cash for cars, they are gratification buys for those above the poverty line. (aka buying a car worth more than $3k that is the only transportation). Not because I think loans are inherently bad, but because I want the "hit" to be felt with the "gratification". Keeps me in check from blowing $50k on a nice new diesel truck, and instead spending only $20k on a truck thatll do the job just as well.
This is how my dad has always taught me to do it and how its done in our house now a days. There was a time we had a loan on a new jeep but every other car and any toys are bought with cash. With the used cars that are out now and will continue to be used as I get older, I will probably never take a loan on a car and especially on a new one. I will just continue to swap up and hopefully selling cars for more than i paid each time.
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2004 Honda S2000
2001 F-150 4X4 6" lift on 37" tires
2007 GSX-R 600
2008 SX-R 800
1992 (slammed by PO) 240sx Coupe (SOLD)
1999 BMW POS ///M3(SOLD)
1998 Honda Civic EX beater (SOLD)
2001 F-150 4X4 6" lift on 37" tires
2007 GSX-R 600
2008 SX-R 800
1992 (slammed by PO) 240sx Coupe (SOLD)
1999 BMW POS ///M3(SOLD)
1998 Honda Civic EX beater (SOLD)