I’ve got no problem paying interest to avoid a single big hit to the account.
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Instead of giving that money to a bank can you just give me that interest instead?! Bank of Trojan reporting in!Originally posted by Rkymtnrider View PostI’ve got no problem paying interest to avoid a single big hit to the account.
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Hmm, for shits and giggles:Originally posted by DropTopKingM3 View Post
So you’re waiting for a group buy so you can save money on some parts just so you can dump back the money you saved towards interest.
Ass-uming a total of purchase of $4000 (V1 + catted Sec 1) before 30% discount, at 10% interest rate. The interest amount paid will equal the discount at 36 months.
Lots of assumptions here, and I'm not advocating this plan at all, but a rough idea.
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Kinda. It will be easier for me to spread 4 to 6 payments over a couple of months vs just making one. It would be different if I needed to stretch those payments for years.Originally posted by DropTopKingM3 View Post
So you’re waiting for a group buy so you can save money on some parts just so you can dump back the money you saved towards interest.
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Nicely summarized, Basically paying full price or more over long time, it only make sense if you get 0% otherwise I just don’t make sense your $4000 supersprint header become $5000 header when you factor interest. I just don’t get how people don’t seem to grasp that, yet they fight for every penny upfront, meanwhile end up overpaying more than msrp in long run. 🤦🤷Originally posted by elbert View Post
Hmm, for shits and giggles:
Ass-uming a total of purchase of $4000 (V1 + catted Sec 1) before 30% discount, at 10% interest rate. The interest amount paid will equal the discount at 36 months.
Lots of assumptions here, and I'm not advocating this plan at all, but a rough idea.
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Just make sure they don't ding you with a prepayment penalty or some other gotcha.Originally posted by Rkymtnrider View Post
Kinda. It will be easier for me to spread 4 to 6 payments over a couple of months vs just making one. It would be different if I needed to stretch those payments for years.
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I think the issue is, for many people it's less feasible to make a one-time payment than it is to make smaller payments, even if you end up spending more money over a longer period. People have the choice to pay for that flexibility which to many is key.Originally posted by Radekxpl View Post
Nicely summarized, Basically paying full price or more over long time, it only make sense if you get 0% otherwise I just don’t make sense your $4000 supersprint header become $5000 header when you factor interest. I just don’t get how people don’t seem to grasp that, yet they fight for every penny upfront, meanwhile end up overpaying more than msrp in long run. 🤦🤷
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[SOLD] 2004 E46 M3 Coupe - Carbon Black / Black - 6MT
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Where does the equation land if you change the 36 months to 4 months?Originally posted by elbert View Post
Hmm, for shits and giggles:
Ass-uming a total of purchase of $4000 (V1 + catted Sec 1) before 30% discount, at 10% interest rate. The interest amount paid will equal the discount at 36 months.
Lots of assumptions here, and I'm not advocating this plan at all, but a rough idea.
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