In Reply to: Just Paid Cash for 2000 328Ci posted by Ricardo Sanchez on October 04, 1999 at 01:22:49:
Paying cash is not necessarily the smartest move. You could have easliy gotten a loan for around 8% (estimated, not sure what currecnt rates are) to buy the car then invested the "cash" into other things such as stocks, mutual funds etc. and get much more than 8% in the long term. Instead you have $43,215 sitting in your driveway not returning and value (except the driving pleasure that you don't seem to care about).
You should let your money, not your ego, do the work for you.
: Just wondering how many of you can afford to pay cash for a $43,215 (out the door) 2K 328Ci, like I did. Another guy was about to sign the dotted line to finance this car (Black/Black), but I was able to wrestle this car away from that moron by offering to pay cash on the spot. The dealer took my bid for the car, since I obviously was of superior means to purchase this beauty. Damn, I feel GOOD!
: Who else here is able to do as I did? My guess is not too many of you.