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Not all of us are wealthy enough to pay cash...your doing a loan to own the car?
your doing a loan to own the car?
Not all of us are wealthy enough to pay cash...
Sounds right about the financing. I am also not a financial advisor, but I think there is only one stock on your list that I would want to be holding.Finance is the way to go. Take the cash and put it in Tesla, Ford, or ChargePoint stock instead...
Disclaimer: I am not a financial advisor and just posting my opinion like everyone else.
My rule of thumb. Never finance a depreciating asset unless the loan is for free(0). Look at the yield on the S&P.Finance is the way to go. The rates are super low right now, anywhere between 1.24-2.49%. Even with sufficient funds to pay cash, why do that? Liquidity can be diverted to other assets or investments that will outperform the loan rate. Take the cash and put it in Tesla, Ford, or ChargePoint stock instead.
Disclaimer: I am not a financial advisor and just posting my opinion like everyone else. I believe in the EV movement and feel Ford has made a commendable effort in EVs from a legacy automaker. Add to that, charging infrastructure will be a necessity and growing sector as EV adoption continues to increase.
At 1.24% finance is the way to go. I rather keep my money and easily get 5% without much effort through relatively risk free investments.My rule of thumb. Never finance a depreciating asset unless the loan is for free(0). Look at the yield on the S&P.
This makes no sense to me. Whether you finance or pay cash upfront, the depreciation is going to happen. If however one were to invest the money in something instead of paying up front, even in something relatively low risk, it would have a very high probability of not only offsetting the interest rate but even netting a profit (a comfortable %7 annual rate these days). I am not a financial advisor. But just wanted to point out a logical fallacy.My rule of thumb. Never finance a depreciating asset unless the loan is for free(0). Look at the yield on the S&P.
My rule of thumb. Never finance a depreciating asset unless the loan is for free(0). Look at the yield on the S&P.
We totally care!Oh and been lurking for a good 1.5 months, so here is my contribution: another data point if any one cares.
MYLR black with black interior, 19", no FSD, no tow, 7 seater. Ordered May 21.
Current EDD July 29 - Aug 18
My rule of thumb. Money is fungible. Paying cash is only the best option if the interest rate you earn on your savings/investments is lower than the after-tax cost of borrowing. Eliminating a car payment by depleting emergency cash savings is not everyone’s cup of tea.My rule of thumb. Never finance a depreciating asset unless the loan is for free(0). Look at the yield on the S&P.
I ordered mine a day before yours. My date just changed to July 9 to 29 - I was stuck in September purgatory for a week plus, too.MYLR ordered May 8th. Was showing September for past couple weeks. This morning updates to July 5-24
Investing guarantees a profit? LOLhow can people throw their cash on purchasing when you can make extra money investing.. Will never understand lol.
The next step is to start buying accessories. Lots and lots of accessories. This is also a good time to get a home charger installed if you are planning to go that route. I'm having a 14-50 outlet installed in my driveway.I don't know how you all have survived. I have only been waiting a couple weeks and I am already out of YouTube videos to watch.