I have $30K in cash. Should I buy a car in cash or put down $15K and finance the rest?
>>28764282Invest it, retard
>>28764282Buy a cool-ish $5k car with cash then >>28764284>Invest it, retard
>>28764282You'd only finance if it gets you a better deal.Then pay it off early assuming your loan doesn't have prepayment penalties.That's if you even need a new car.I assume you don't own a house.So you need to invest.Nothing is more cringe than people buying new cars when they don't even own a house.
>>28764282Depends on the interest rate but usually pay the least upfront possible while staying in positive equity for the duration of the loan
>>28764291There's no good cars for $5K. You can thank COVID + new shitty EPA emission cars for that.
>>28764304there are plenty if you aren't a faggot wrenchlet
>>28764316I don't want a cuck car, sorry bud
>>28764323You already are a cuck, retard.
>>28764282You don't buy a car in cash, you go to the dealer, argue with the salesman and the sales manager for a while threaten to walk out, somehow make a deal, sign the paperwork to finance, drive off the lot and when the first payment is due, you pay the entire thing at once so that the bank ends up cucking the dealer off it's juicy bonus.
>>28764304You can buy crown vics for under $3000 all day.
>>28764343I want a truck
>>28764346Yeah, you and everyone else. You're fucked.
>>28764343>wants cool cars>suggest crown viclol wut
>>28764354cool-ish
>>28764346You can get a get 00s or early 10s V8 F150 for $10000 and it will be more reliable and cheaper to fix than the newer ones.
>>28764364V8 5L F150 Engine is amazing, it's everything else that's a shit.
>>28764411Just for the Mustang gt with gen 3 coyote
>>28764316We know OP is a faggot wrenchlet otherwise this thread wouldn't exist.
>>28764282If you have 30k in savings you should buy a car in cash with a budget of 10k max. Do not finance, you're still poor.
>>28764282Just buy cash.The only exception is if you cant afford the car OR the post-inflation/tax return on your investment/retirement accounts is greater than the loan interest rate.Like if the option is:Put an extra 15k cash towards car purchaseOrFinance that 15k and then put the 15k into a 401k where it gets an employer match and pre tax discount and averages 8% net inflation/taxThe latter option would undoubtedly be better
>>28764282$15k down will get you good financing terms on pretty much any cool shit you’d want to buy that’s under $100k. Do that.
>>28764282depends on how good your credit is and what loans you qualify for.
>>28764282It basically depends on whether you have other "emergency money". At this point 15k is basically emergency money for an adult. Let's say your HVAC goes.>>28764284Boomer advice - most of these faggots heard it somewhere and think they are smart. In reality they aren't beating the interest rate on the loan and don't understand that credit builds risk.>>28764296> You'd only finance if it gets you a better deal.> Then pay it off early assuming your loan doesn't have prepayment penalties.This anon is not a faggot, listen to him.>>28764316>>28764979These two suck each other's cock and wrench each other's assholes.
>>28765333faggot retard
>>28765361Explain why you are upset. 1. You read about finance and think debt is good because you will beat the rate.2. You know what a throwout bearing is and have touched a flywheel, and you know take insane pride in a basic life skill without acknowledging that maintaining a shitbox has opportunity cost.3. You think 15k is too much for emergency funds.4. Your friend used a breaker bar instead of a 6mm hex wrench5. You stripped a bolt on your shitbox. Maybe even a lug and now you have to pull the hub.6. ???
>>28764316not even "fixer uppers" are available. and certainly nothing that is worth fixing either.
>>28764282This is trufax. Looking at my end of year pay stub like 'when did the government do 377 hours of my fuckin job for me'
>>28764316There are not. A reasonable wrenchable vehicle that used to cost 1k now costs 6k+. Depreciation is way down and brand new msrp is closer to best value than it's ever been in my lifetime. You want clean low mileage 3-5 year old vehicle? Barely 10% discount.
>>28765413It's fucking ridiculous. The prices of used cars have gone through the roof. What the fuck gives?
>>287654241. Inflation. Literally official CPI is 2x since 2000 or something. So what you perceived as a $3000 Miata is now a $6000 Miata.2. Population growth, wealth stagnation, more competition for same Miata - add another 20-50% markup on the CPI-adjusted price.3. Yes, cash-for-clunkers played a role.4. Chip shortage and general poverty & unemployment forced previous new buyers into used market, EVEN when it's unreasonable due to inability to buys cash or get financing.5. Just like housing, materials mostly didn't improve at best. The type R has the same interior trim as a 20 year old Civic Si.
>>28765439On #5, actually, roof lining is cheaper and body panels don't fit together. I can probably fit a penny in the panel gap between the body and whatever the side molding is called.
What’s the finance rate? Had to take my wife’s car in for service and the dealer was doing 0.9% on all 2026 BMWs to move stock by the end of the year.
>>28764304Not with that attitude.Assuming 1. you have more that 30k net and you're not a poor asking /o/ how to burn your net worth and 2. assuming you're not actually into cars bc asking /o/ to pick a car is retarded, st170 focus/SVT focus is the answer. At 5k you could, within a 5k budget, get a looked after example and pay a shop to install a wavetrac diff
