Quote:
Originally Posted by WarrenG
I had a ton of equity in my house when I bought the cobra, so rather than tie up a bunch of cash in the car, I pulled a 2nd @ 5.5% for it. Also pulled some to completely reform the kitchen and some other parts of the house. Because it was a home loan the interest was fully deductible. Didn't make sense to do it any other way. Sold the house last year and paid off the loan. Still had a ton of equity to take away. It's only money and you can't take it with you!
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Of waiting till I was old and had the cash and had met my responsibilities. It makes sense to me to finance one if you can do it with deductable interest and assuming the payments are not a risk or a burden. These cars are a hell of a lot of fun for the money, I wish I had done it 20 years ago !!!
