A&Q about Lotus
Q:
IMOS- lucy you, in 18 months you can buy your rental condo for a lot less.
A:
IRR.
A:
well thanks for the qucik feedback u guys =) i am going to put around 25-30k down for the car
A:
Originally Posted by filetitan
well thanks for the qucik feedback u guys =) i am going to put around 25-30k down for the car
Oh, I forgot the best reason for not having your own cash into a car. If you have a loss payee, they must be paid the entire amount of the loan for your insurance company to total the car. If you borrow $25K and put down $25K, then your insurance company can total the car for $25K and then you can fight the insurance company for your share. Better to have the auto loan company fighting with the insurance company for the $$ rather than you.
A:
WoW, I began reading the first 10 threads and stopped because of all the negativity going on. Like Exigent said no one's answer was correct......
Anyways, I put down 20K on a $41,000 new '05 touring from HRM. Thanks to Mark for such a great deal in the begining of the summer BTW. I am financing the rest from State Farm (my insurer) @ 6% and paying $700 a month for 3 years.
John
A:
Originally Posted by afborroni
it all depends on your IRR - internal rate of return. I have financed vehicles before even if I had the cash to buy them outright, because I can make a higher return putting that cash somewhere else, than what I pay in interest on the vehicle loan.
I've experimented with this well, by financing my GTi 1.8T, and I came out slightly ahead in the end. I'd have come out better if I hadn't gotten sick of writing checks and paid it off early.
I didn't mean to imply that the way that I bought my Exige was the 'correct' way or anything, only that it was the way I preferred to handle the situation.
A:
Originally Posted by imoz
There were leases on the Gallardo advertised at $900/mo in the DuPont registry back when I last checked about 6 months ago.
edit: I think that was with $15k down.
More like $30k down.
A:
Originally Posted by RegGuy
Oh, I forgot the best reason for not having your own cash into a car. If you have a loss payee, they must be paid the entire amount of the loan for your insurance company to total the car. If you borrow $25K and put down $25K, then your insurance company can total the car for $25K and then you can fight the insurance company for your share. Better to have the auto loan company fighting with the insurance company for the $$ rather than you.
I think we just found the correct answer!
A:
$35k down, $15k financed... $4.8k remaining... will be paid off next May.
A:
A truck is traveling 57.6 mph eastbound from Los Angeles headed to Hoboken, NJ........
A bus is coming from Hoboken, NJ traveling 150.2 mph headed to Los Angeles.........
Where do they meet?
A:
Originally Posted by ntouched
A truck is traveling 57.6 mph eastbound from Los Angeles headed to Hoboken, NJ........
A bus is coming from Hoboken, NJ traveling 150.2 mph headed to Los Angeles.........
Where do they meet?
I'll give you that answer but I must ask a few questions first;
Shall I assume they leave at EXACTLY the same departure time figured in UTC?
Shall I assume they travel on a hypothetical highway that is a Great Circle course direct from Hoboken to L.A. as oposed to a Rhumb Line or roadway course?
May I assume in my calculation of the distance between L.A. and Hoboken, the use of the 1984 WGS Spheroid datum for the shape of the earth?
Standing by...
A:
Originally Posted by ntouched
A truck is traveling 57.6 mph eastbound from Los Angeles headed to Hoboken, NJ........
A bus is coming from Hoboken, NJ traveling 150.2 mph headed to Los Angeles.........
Where do they meet?
Nowhere..
The truck travelling 57.6 mph eastbound from LA rear-ends a bottleneck of traffic going the usual 5 to 15 mph on the 10 fwy, and explodes.. and the bus coming from Hoboken travelling 150.2 mph driven by the 75 year-old retiree coming off his night-shift as a security guard at the Hoboken Brunswick Lanes, takes a 45 mph curve 105.2 mph over the limit and careens into a muddy ditch, killing all aboard.
A:
1. I don't like owing anything to anyone
2. I like knowing that what is mine is mine and not some lienholder's
Hence, paid cash.
A:
ntouched,
The truck and the bus would pass each other between Acomita and Mesita, New Mexico, assuming that they were both taking the "Shortest Distance" between LA and Hoboken.
Bus:
Driving distance: 2764.5 miles
Trip duration: 18 hours, 46 minutes
Truck:
Driving distance: 2756.3 miles
Trip duration: 2 days, 48 minutes
Not sure why the truck get a shorter distance, but the driving directioned did say something about construction on I-40...
Bruce
A:
Originally Posted by LBC111
and the bus coming from Hoboken travelling 150.2 mph driven by the 75 year-old retiree coming off his night-shift as a security guard at the Hoboken Brunswick Lanes
Hey, I think I've been in a bus driven by this guy. I went to school at Michigan Technological University in extreme northern Michigan, and what you write above sounds pretty familiar. They used to run a shuttle bus down to the Detroit area for Thanksgiving and Christmas break. My first time using it, after a couple of hours, I decided there was nothing to do about the 70something driver's habit of passing cars - on winding two lane highways, at 70+mph, in a snowstorm that wasn't a quite blizzard but was still fearsome - and put my headphones on and went to sleep. I'm surprised I was able to sleep at all. Must have been my latent go-fast genes waking up... Yes, I used the bus several more times, to the point that it became cliche among my friends to talk about this guy's driving, since we made good time!
A:
Originally Posted by sleepless
1. I don't like owing anything to anyone
2. I like knowing that what is mine is mine and not some lienholder's
Hence, paid cash.
ding ding ding!!!
its a great feeling waking up and not having a giant stack of bills to pay for all ones debts. if you dont know what that feels like, then you probobly dont know how to relax. done it both ways, and there is no comparison. its the key to financial freedom. definately buy the toys, but only the ones you can afford, and when you can afford them.
the other advice i have gotten from some wealthy clients in the past, "is die with a mortgage". your house is your line of credit(if you want/need it), the interest is all tax deductable.
I couldnt imagine running a car on the track(that i THOUGHT was insured), and crashing it, and then finding out I still have to pay the car off.
my bottom line would be if you dont know what it feels like to have your finances like this, then your comments are most likely not to valid when you flame me here. it would be like a drug addict retionalizing his/her own behavior.
relaxed, and ready to be flamed.
A:
Originally Posted by RegGuy
Oh, I forgot the best reason for not having your own cash into a car. If you have a loss payee, they must be paid the entire amount of the loan for your insurance company to total the car. If you borrow $25K and put down $25K, then your insurance company can total the car for $25K and then you can fight the insurance company for your share. Better to have the auto loan company fighting with the insurance company for the $$ rather than you.
If that isn't a reason to finance or pay 100% cash, then I don't know what is!!
A:
Originally Posted by BoostedAWD
369/mo for a 350Z is hella cheap. I work for a nissan dealership and we typically dont even lease Z's because the finance payment is better than a lease. There are no incentives on them..but then again, this is current, maybe it was different back when you leased. I too owned a 350Z and loved it...everyone here says the Elise drives 1000x better. I'm in the market in a couple months for one.
As others said, it all depends on your interest rate and how much you finance...use the finance calculator provided above and plug in different rates.
I too work for a nissan dealership...I pay $798 a month on my 05 elise $500 down, but taxes a 7.4% own my soul lol
A:
$20k down
$508/month
A:
About 56.5 k cash back in Sept '98. Wooo Hoooo Money well spent!