Quote:
Originally Posted by Winnisquamer
I’ve done both, leased and bought. Of the cars I leased I benefited from, ended up buying out the leases and sold them for more I expected it to be a literal 3 year rental but hey I got lucky… my Tesla I purchased and could sell it today for 6k more than I got it for, love it, absolutely love it. I come from a family of mechanics so gas cars were the thing for us, EV? No way we use to say. once I became an engineer Tesla caught my eye as an employer and then a consumer. After owning it for a year unless I have to, I’d never buy a gas car again except for a tow vehicle etc where EV is just not there yet.. I personally won’t spend cash when rates are 1.8%. Over 3 I’ll drop the cash, I can easily tie up my 60k and earn more than 1.8% for an auto loan. Prior to my Tesla my last 3 cars were 0% financing. Tell me how it’s dumb to finance free money?
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Right. I’ve done 0% loans before for free money too. I never thought I’d do another mortgage. I have two homes paid off since 2008. But I decided to refinance our MA home and sell it once the NH house is built. I got 2% fixed 15 year. Almost free money.
Yeah, I agree on the Teslas. I liked nice safe quiet cars before the Teslas. I was big on upgrades with new crash avoidance features. But driving was more of a chore than a pleasure. Once I got the Tesla I make excuses to drive it (even 3 years later). It’s so completely different. It’s like going from a flip phone that only makes calls to a smart phone that makes calls and many other things. And why I more than doubled my budget for “cars” with no buyers remorse.