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.

 

great point

 

indeed they almost depreciate as soon as you drive them off the lot .

 

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!!!!

 

The bottom line is people do what's best for there financial situation.

 

hahahaha that's awesome.

 

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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

 

What a great post on so many levels. You sir, are CORRECT!.....esp that last statement.