Quote:
Originally Posted by Piotrsko
Ok so take the calculator ( thanks for including that) and run hypothetical CPM scenarios and see what's most effective. Pretty sure you have sort of already done that in a limited way for your situation.
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I just figure if the interest rate for the loan is sufficiently low, I'll finance so I can invest the funds, which also allows me to have easy access to those funds should some opportunity come my way.
The other thing to consider is that a lender will require comprehensive/collision insurance for the vehicle; something I would not normally purchase unless my vehicle was worth >$15k. Liability insurance is very cheap, but comp/coll is quite a bit more. I select the highest deductible the lender allows in this case.
I created the spreadsheet so I could compare vehicles I'm considering so that I can weigh the extra lifetime costs against my desire to have the vehicle. It forces me to ask the question if the vehicle and features are worth x amount to me over the course of ownership.
... and over the weekend I created a simple spreadsheet that tracks various projects and tasks I need to accomplish. I give an importance rating as well as a difficulty rating, and a due date if it applies. The easy to accomplish and important things get sorted to the top of my list, the unimportant and difficult things go to the bottom, and those with a due date simply have to be done before that due date.