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Originally Posted by Evoking
Ok boys I forgot whenever folks bring up financing there's the requisite fiscal responsibility lecture. No worries here. Can more than afford to pay cash. But rates are low and my investments outpace the interest rate on my 997TT for example. So I put $30k down and financed rest.
So too with this coupe I may get.
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We just bought a new daily driver. We have no, I mean zero, debt. We own everything. Our credit union approved us for a 1.7% 7 year loan in about 10 minutes. We chose to pay cash anyway.
But you are right, well qualified individuals get really good auto rates. You can certainly get a better return as an investment, but the auto loan isn't tax deductible whereas a second mortgage is, which improves the margin even more.