Jayco-noslide wrote:
Ummmm. Must be like buying a fancy luxury car; Mercedes, BMW. I won't ask you personally and don't want to know, but I'm wondering how many young folks buy and finance these things for a hundred years.
Walaby wrote:
Some of you guys just continue to crack me up.
Who gives a ratzass how someone pays for their truck, their RV, their hot tub, or any other damm thing they want to buy. They don't owe you, me, or anyone else an explanation at all.
I don't care if you are someone who is a millionaire, or if you're someone who is barely making minimum payments. Its nunmydamnbusiness. I also don't care if you're the smartest investor in the world it matters not.
Someone will undoubtedly tell me "I must care, becuase Im commenting". No, Im commenting because all you self rightous people looking down on someone because they financed their vehicle. I do care enough to tell your self centered self you can KMA.
Yeah, I'm sure I'll be censored, but some of y'all really just need to STFU.
Congrats OP on your purchase. Im sure you will enjoy it for years to come.
Mike
4x4ord wrote:4x4ord - I have enough money invested to cover my debts by about a factor of 10 to 1. That being said, I have taken out loans and kept my money invested when my investments were as little as 2 to 1. 3 or 4 to 1 would probably be my lower comfort range. I would not borrow money strictly to use it for investment purposes. But if I'm going to buy a car, RV, new deck for my house or whatever, I'll certainly take out a loan and keep my money invested whenever the interest rate gives me a beneficial spread. The last truck I bought was financed at 3.21%, that is certainly a pretty cushy spread.troubledwaters wrote:
You are not wrong. Over the last 9 years my investments have earned 8.59% average annualized return. I have several loans, the highest is 6.0%, and a few others at around 4.5%. I can pay them off anytime I want to; but why would I. I'm making more keeping my money invested.
Do you max out your debt to keep money invested in the markets or do you have some kind of rule or formula that you follow that prevents you from having debt on everything you own? Do you have any desire to be debt free at some point? There have been times that I have considered borrowing money against some of the real estate I own and investing the borrowed money into the stock market. Maybe from a financial perspective it's foolish not to? Once I start down that road I'm not sure where I'd stop.
Hammerboy wrote:
I hope to get a new truck next year, I don't think i'll post it here as ill get ridiculed. Only way you will know is when I change my signature;)
Dan
Hammerboy wrote:
I hope to get a new truck next year, I don't think i'll post it here as ill get ridiculed. Only way you will know is when I change my signature;)Dan
