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Anyone else into Bank Bonus churning?
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Hello,
Can ex-TCSer join back TCS??
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Yes. Everyone should buy a depreciable asset in cash because often you’re paying interest etc on value that’s long gone. I would recommend buying used though.
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Well, you also have to consider the short term capital gains and tax rate on it so your net is not 3% per C2 example above. Otherwise, I agree with C2.
Yes and I have each time I have bought a car. It gives you a reality check of what you can afford. No sense in my mind financing any depreciating asset. I don’t want a balance sheet with liabilities relating to monthly payments for things that don’t hold value.
Why would it be bad to pay cash?
I personally like new but that is because I keep my cars a long time and do not like dealing with extra maintenance.
We buy budget cars meant to last 20 years and yes
Yes, if it’s not a luxury car and the dealer has incentives. I’ve bought two cars cash in my life and got 10-15% off the 0% financing price for each of them. Might also be because the economy was garbage (2009 and 2020 purchases)
Rising Star
My husband wants to buy a Tesla, it might be used it might be new, but it probably will be without a loan.
I got an new SUV for 0% APR and 0 down payment
Carmax is where you’re gonna find some of the best deals with the least maintenance issues
Some say that the price discount at zero interest rate is offset by the total cost premium.
I'll say that I'm leaning towards taking the zero percent rate and even fine with premium pricing on a higher cost vehicle, if it meant I could depreciate under an LLC I set up and recognized a tax benefit from use of the vehicle under my business...
First I need a business though...