Financing?

[353414]

Has anyone used financing to buy their lamborghini? Insted of spending the full amount on the car i would rather invest it to make more money. And pay a small amount monthly for the car. Whats anyones opions or experinces on it?

[Red Mark]

Silly question, of course finance!
Assuming that you have the full amount put aside, money's cheap right now. Do it.

[Hurricane]

Silly question, of course finance!
Assuming that you have the full amount put aside, money's cheap right now. Do it.

I have to agree with Mark here, even here in Europe it's becoming a better options even if all taxes, insurance, etc are a lot higher on cars that are owned by companies rather than private persons.

[xudaniel1949]

I have to agree with Mark here, even here in Europe it's becoming a better options even if all taxes, insurance, etc are a lot higher on cars that are owned by companies rather than private persons.

Switzerland has a negative interest rate now, literally costs nothing to borrow money. In Canada, the annoying thing is that the dealer charges ridiculous interest rate (5% plus) which is way above bank rate.

[krutch]

Of course finance...money is so cheap now. I found 2.59% and 2.74% for 84 months from 2 separate credit unions.

[cactus]

Pay cash. You're not going to make anything on that small amount of money anyways. I couldn't be bother to even do the finance paperwork on such a small amount.

[xudaniel1949]

True, Financing/paying interests on a depreciating asset does not sound appealing. If you are able to generate a higher return than 3%, I guess it makes sense to do financing.