Early Retirement & Financial Independence Community - View Single Post

SLC Tortfeasor · 10-27-2005, 12:10 PM

I'm surprised the Infinity G35 isn't on your list.* It's very comparable to the others you listed.* And, of course, it looks hot, which we all know is the most important factor.*

I bought my latest car (Nissan 350Z) from a private seller through Autotrader.com after checking out edmunds.com, kbb.com, ebay, and carmax.com.* I like checking out carmax.com in particular because the prices they quote are "no-haggle" prices, so it gives you a pretty reliable and "real world" baseline price against which to compare any other cars you may see.

My last piece of advice (for what it's worth, which is probably close to nothing) is that you should pay cash.* You might conceivably be able to get a better return on your investment of the $22k than it costs to borrow that money, but then again you might not.* Even if you do, how much of a profit will that generate?* Why gamble on that, when you can just buy the thing free and clear, save yourself the worries and hassles of a loan, and feel good about not making monthly payments?*

Besides, I think the experts say that if you're going to buy a house soon, you should try not to have any other monthly debt payments, because they can seriously reduce the amount of house you can qualify for.* Given the real estate market where you are, it's probably really important that you maximize the amount of house you can qualify for.

10-27-2005, 12:10 PM	#7
SLC Tortfeasor Recycles dryer sheets Join Date: Jun 2005 Posts: 214	I'm surprised the Infinity G35 isn't on your list.* It's very comparable to the others you listed.* And, of course, it looks hot, which we all know is the most important factor.* I bought my latest car (Nissan 350Z) from a private seller through Autotrader.com after checking out edmunds.com, kbb.com, ebay, and carmax.com.* I like checking out carmax.com in particular because the prices they quote are "no-haggle" prices, so it gives you a pretty reliable and "real world" baseline price against which to compare any other cars you may see. My last piece of advice (for what it's worth, which is probably close to nothing) is that you should pay cash.* You might conceivably be able to get a better return on your investment of the $22k than it costs to borrow that money, but then again you might not.* Even if you do, how much of a profit will that generate?* Why gamble on that, when you can just buy the thing free and clear, save yourself the worries and hassles of a loan, and feel good about not making monthly payments?* Besides, I think the experts say that if you're going to buy a house soon, you should try not to have any other monthly debt payments, because they can seriously reduce the amount of house you can qualify for.* Given the real estate market where you are, it's probably really important that you maximize the amount of house you can qualify for.