Who finances their Gallardo?
Registered User
Joined: Mar 2005
Posts: 261
From: phoenix area
Rep Power: 32
i have seen/heard it all...
one financing cars that will sell for above msrp 1 year later. this guy currently has the lp640.
another financing cars because he has no cash. this guy went through a 360, murc, then a turbo cab in less than a year. past on at an early age. his widow sold all his real estate holdings(residential and commercial), including thier 2.4mill home(2.3mill mortgage) and had zero money when it was all said and done.
and buying everything with cash including real estate. this guy lost millions in real estate, based on debt. built his second furtune with no debt at all.
what is the best way? most cars will go down in value, there is no best way.
one financing cars that will sell for above msrp 1 year later. this guy currently has the lp640.
another financing cars because he has no cash. this guy went through a 360, murc, then a turbo cab in less than a year. past on at an early age. his widow sold all his real estate holdings(residential and commercial), including thier 2.4mill home(2.3mill mortgage) and had zero money when it was all said and done.
and buying everything with cash including real estate. this guy lost millions in real estate, based on debt. built his second furtune with no debt at all.
what is the best way? most cars will go down in value, there is no best way.
Registered User
Joined: Jul 2007
Posts: 2,268
From: Dallas, TX
Rep Power: 133
i have seen/heard it all...
one financing cars that will sell for above msrp 1 year later. this guy currently has the lp640.
another financing cars because he has no cash. this guy went through a 360, murc, then a turbo cab in less than a year. past on at an early age. his widow sold all his real estate holdings(residential and commercial), including thier 2.4mill home(2.3mill mortgage) and had zero money when it was all said and done.
and buying everything with cash including real estate. this guy lost millions in real estate, based on debt. built his second furtune with no debt at all.
what is the best way? most cars will go down in value, there is no best way.
one financing cars that will sell for above msrp 1 year later. this guy currently has the lp640.
another financing cars because he has no cash. this guy went through a 360, murc, then a turbo cab in less than a year. past on at an early age. his widow sold all his real estate holdings(residential and commercial), including thier 2.4mill home(2.3mill mortgage) and had zero money when it was all said and done.
and buying everything with cash including real estate. this guy lost millions in real estate, based on debt. built his second furtune with no debt at all.
what is the best way? most cars will go down in value, there is no best way.
Registered User
Joined: Feb 2004
Posts: 193
From: Long Island,NY
Rep Power: 30
I pay cash for all my cars. My acountant thinks I am an idiot to do so. Very simply I do not like to owe money. Maybe a poor way of thinking.However I make sure I buy what I can afford and never live beyond my means. I drive all my cars and I know they will depreciate but I don't care as long as I get enjoyment out of them.I was into car collecting years ago and never drove the cars I owned.That will never happen again.Going to car shows and sitting there listening to people tell you how nice you car is doesn't work for me anymore.Buy what you want and pay for it anyway you are comfortable.Just make sure you enjoy it!!!!
Registered User
Joined: Aug 2007
Posts: 161
From: Vancouver
Rep Power: 25
Maybe you should gradually work your way to this forum. Maybe start here: http://www.hyundaiforum.com/
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Joined: Jul 2005
Posts: 271
From: orlando, FL
Rep Power: 0
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Your def right on that one, but
I write my lotus esprit off with my company b/c I actually use it for shows to promote wheels and what not. I own a wheel company, so its alot easier for me to show that the car is for company use, B.c it is woot woot. haha
Your def right on that one, but
I write my lotus esprit off with my company b/c I actually use it for shows to promote wheels and what not. I own a wheel company, so its alot easier for me to show that the car is for company use, B.c it is woot woot. haha
Registered User
Joined: May 2006
Posts: 5,896
From: Chester County, PA
Rep Power: 284
I pay cash for all my cars. My acountant thinks I am an idiot to do so. Very simply I do not like to owe money. Maybe a poor way of thinking.However I make sure I buy what I can afford and never live beyond my means. I drive all my cars and I know they will depreciate but I don't care as long as I get enjoyment out of them.I was into car collecting years ago and never drove the cars I owned.That will never happen again.Going to car shows and sitting there listening to people tell you how nice you car is doesn't work for me anymore.Buy what you want and pay for it anyway you are comfortable.Just make sure you enjoy it!!!!
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JWrightPNH
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Sep 17, 2015 01:42 PM
accountant, afford, down, finance, finances, gallardo, laboghinis, lamborghini, lease, leasing, money, online, putnam, sftobr, speed
