02-23-2015, 11:53 AM | #67 |
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Now if only I can replace my car's paint with something that is both radar absorbent and non-reflective to laser (gotta take care of the headlights as well as front plate)
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02-23-2015, 12:03 PM | #68 | |
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Drives: L'Orange
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Location: Brooklyn, NYC
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02-23-2015, 08:57 PM | #69 |
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02-25-2015, 09:20 PM | #70 |
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Drives: VO 1M #739/740
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Following techniques that I see the 1 percent do, I owed $17k on my car but bought my own car back for $48000 refinanced at 1.49% and took the money and paid off high percentage credit card bills and put the last $10k in the stock market.....the bank was willing to give me $52k on a car i paid $50k for...gotta love that fateful decision in Aug 2011.
Who cares if the car goes down in value 10-20%...the depreciation is never going to be the same as my 135 already has been...
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02-26-2015, 10:07 AM | #71 |
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Monetary depreciation or not - the car still got my appreciation, whether static or in motion.
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///M is art ↔ Artemis
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02-26-2015, 10:25 AM | #72 | |
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02-26-2015, 02:23 PM | #73 | |
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02-26-2015, 04:32 PM | #74 | ||
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If you think the equity in your car (or home or boat) is stable, then borrowing against it cheaply to pay down more expensive unsecured debt or invest at a higher rate of return (though the later is obviously not without peril) makes a lot of sense. In other words- if you insist on buying a 1M today and you had $50k the bank and $25k of student loan/credit card/HELOC debt at a rate higher than where you can borrow against the 1M. It would be wise to pay down those debts and borrow against the 1M. It's incredibly rare that cars don't require forced amortization to have a liability that doesn't exceed the value of the asset... but the 1M is an example. |
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02-28-2015, 10:42 PM | #75 |
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^^^ what he said 😊
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