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[BigLew55]

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So my point is, borrow when you have to but be smart about it.
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Best statement in the thread.

There are a ton of ways to approach personal finance.  My way seems to be doing me just fine for the last 25 years.

I certainly hope all of yours does too. 

We only get so many trips around the sun.  Spend them wisely, for time is way more valuable than money!

[TN]

rode by my local dealer saturday to pick up some formula+, was eyeing the new cvo road glide they had. young salesman came over and upped me, liked the kids attitude. 

anyhow I asked how much I could get in trade for my 09 CVO, he quickly replied "not interested"

Alrighty then. 


TN

[FLSTFI Dave]

I agree with the cash part, never finance a toy. And if you absolutely have to 84 months is rediculous and a sucker timeframe. You will always be upside down. And pay a s-load of  non deductible interest.

36-48 months would be more financial prudent if financing is needed.

But I sleep better not owe anyone money on any toy or vehicle.

I went to buy my first new car, at 19 years old.  Needed my dad to cosign.  Dealer was telling me about a 48 month note, back in 1982, Dad said that was to long.  He would only cosign for 36 months or less.  He Retired as a VP of a bank.  He always lectured me about long loans, they were for the bank to make money, not to help me.

Needless to say my longest Auto note ever was 60 months once.  That was just to long even with a 10K down.

Now my Car that I got in Feb.  interest was 0.9% for 48 months, so rather than take the money out of my money market account making 3% I got a note on it.  In the long run its cheeper like that.  I could pay the car off today. 

[King2013]

I got the 0% for 72 months when I bought my truck.
I haven't paid interest on any of my cars/trucks for the last 8 years thanks to gmac/ally.
A no brainer, 0% interest paid, 3% earned=money in my pocket.
I setup a seperate account and put it on auto pay so I don't have to worry about sending a check every month.

[Cvostu]

Makes perfect sense to me that if 0% or a really low interest rate is offered,, kind of silly to fork out all that green when no matter what you are buying is depreciatiing.  Paying crazy fees is absurd.    Just my.02 there.   Stuart.

[FLSTFI Dave]

I got the 0% for 72 months when I bought my truck.
I haven't paid interest on any of my cars/trucks for the last 8 years thanks to gmac/ally.
A no brainer, 0% interest paid, 3% earned=money in my pocket.
I setup a seperate account and put it on auto pay so I don't have to worry about sending a check every month.

Yea, GMAC was not doing 0% on the New Stingrays, it was pretty high which is why I went with NFCU.

[deldago]

I got the 0% for 72 months when I bought my truck.
I haven't paid interest on any of my cars/trucks for the last 8 years thanks to gmac/ally.
A no brainer, 0% interest paid, 3% earned=money in my pocket.
I setup a seperate account and put it on auto pay so I don't have to worry about sending a check every month.

Just remember that currently on a 2014 double cab Silverado you are giving up $5750.00 in rebates to get 0%.  Esentally you are buying your 0% because GM gives that rebate money to Ally to compensate them for giving you 0%. Unless you are spending north of 50k with no equity/down payment the rebate and 2% financing locally works out better. Now when they offer it on a Vette that typically sells for over 60k and has a small rebate it is well worth it. The easiest way to check is run the figures with the rebate and the best rate you can find locally and run it again with no rebate and 0% and see which gets you the lowest payment which is going to be the least payback. Don't even get me started about the guys that give up the rebate to get 6 years of no intrest and then trade them in 2 years! Ally loves getting that payoff 4 years early!

[finn]

remember cvo's are collectible and only go in value.......ha

[Cat Eye]

Just remember that currently on a 2014 double cab Silverado you are giving up $5750.00 in rebates to get 0%.  Esentally you are buying your 0% because GM gives that rebate money to Ally to compensate them for giving you 0%. Unless you are spending north of 50k with no equity/down payment the rebate and 2% financing locally works out better. Now when they offer it on a Vette that typically sells for over 60k and has a small rebate it is well worth it. The easiest way to check is run the figures with the rebate and the best rate you can find locally and run it again with no rebate and 0% and see which gets you the lowest payment which is going to be the least payback. Don't even get me started about the guys that give up the rebate to get 6 years of no intrest and then trade them in 2 years! Ally loves getting that payoff 4 years early!

And there's the rub....cash is king!
Good Post.

[Jswerve]

And there's the rub....cash is king!
Good Post.

Awesome feel free to send some over!