Quote:
Originally Posted by Bms26
LOL I just paid cash for a $80,000 boat that I use 4 months of the year. Believe me I can AFFORD it. I just like having my cay payments less and I like changing cars every three years and have found over the years that leasing works the best for me. Rather I put down say 7k and pay $850 or 10K+ and have lower monthly payment, the end result is the same. So what's with the negativity??
In the unfortunate situation the car gets wrecked, yes I'm Sh-t of of luck but oh well. 10k ish won't break me.
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Did not imply that you could not afford it - said that if the payment was critical and it got too high, THEN you couldn't afford it!
Trying to get your payment lower by doing a down payment is not a smart move. Based on your post above you must be well off and therefore I would guess you are very smart - in which case, you know that you can take the $10K and invest it in the market (Vanguard 500?) and get 12% right now - vs. the 4% interest you will be saving from BMW.
edit - read the thread... or this could help?
http://lmgtfy.com/?q=is+putting+mone...a+%20good+idea