In Reply to: Just Paid Cash for 2000 328Ci posted by Ricardo Sanchez on October 04, 1999 at 01:22:49:
OK - I'll bite the flame bait. . .
: Just wondering how many of you can afford to pay cash for a $43,215 (out the door) 2K 328Ci, like I did.
First, I can afford to plop down almost $44K cash for a vehicle as well, but I choose not to. I suspect you WON'T be able to do this for too long if you continue this practice.
Instead, I would choose to INVEST my $44K and earn, say, 17% while paying a loan for less than 8%. Not only would the investment pay for the car but I would come out ahead.
Instead, you sound like an immature kid that is tossing around daddy's money with no sense of economics. You sound exactly like the type of person that buys a car for the name only - another financial mistake.
But if it makes you feel good to brag about wasting your money then go right ahead. . .