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How Did You Afford Yours?
(07-16-2018, 08:32 PM)swashplate Wrote: Financing sucks.  

I will disagree. Financing is like anything else--don't do it if you can't afford it. If done wisely, which includes getting a good interest rate, financing lets you keep access to most of the money you would have spent on a lump sum payment so that your finances go farther.

This will surprise most of the people here, I think, but the "rich" as you know them generally prefer to finance. This is because they can get the lowest interest rates possible and it's always good to hold on to as much of your money as you can. Yes, a billionaire can drop $50K on a mosquito in cash without blinking an eye, but a wealthy person with a more modest net worth in the low millions will most likely finance.

The rest of us? Finance, but do it because it's the wise choice, not because you can't afford the thing in the first place.

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