Do you finance, lease or own your Type R?

[Rons_FL5]

For the inquisitive minds of current, future and potential owners…

Please see poll. Feel free to comment with the state you live in, age and/or reasons for choosing your specific financial situation with your Type R.

TIA

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[Robo7]

Texas, USA
37
Paid off because even with excellent credit the best rate I could get from my dealership was 8%.

 

[p_h]

Texas, USA
37
Paid off because even with excellent credit the best rate I could get from my dealership was 8%.

Same here. I think I was offered mid 7s for the % and decided to just buy outright.

 

[spectre186]

Finance. My bond portfolio is netting above 6% which is higher than my loan (pays for my car payment). I’m hoping if/when the fed starts rate reductions that my principle really shoots up.

 

[Jester04]

I personally financed a very small amount which I can pay off whenever I want.

 

[Tickle]

Financed it. The plan was to finance it and have it paid for in three years. Not sure if I'll make it that long.. which is a good thing.

 

[Rons_FL5]

Like many of you, I ended up paying off the car because the interest rate I originally financed with was above 6%. I couldn’t stomach the amount of interest I had to pay.

 

[Cornercarver]

Financed as rates were decent at the time - 2020. Much better than today.
Needed to sell the SI, and by trading saved some on the tax, and other than a token $ 500, since I was upside down on my trade, threw nothing else into the deal.
COVID was keeping customers out of car dealers - and most other places - back in early 2020.
It was a ghost town when I showed up to test drive and then buy my '18 CTR. Made for a good price on the buy, not so much on the trade. Later, when the effect of the car shortage kicked in, prices soared. I would have made another $ 5-7K on my trade - but given it all back on the purchase price.
I have paid cash, leased and financed the dozens of cars I have driven. Just depends on the situation.

 

[FL5Frank]

The simple answer is, if you can beat the rates in investments you should do so

If you have no cash, you have no choice lol

 

[Evo X]

Paid cash. Rates were stupid high. And if things go horribly wrong for me financially, this is the last car out of my collection I’d sell. lol

 

[egxflash]

Financed about half of it at under 5%.

 

[SKINNIE]

Financed $65k @ 19% 60 months. YOLO

 

[FL5Frank]

Financed $65k @ 19% 60 months. YOLO

crap you dead

 

[keonigt]

Finance at 5%.

 

[atucker80]

Ohio, 43, and paid off. The super simple answer is I'll only finance if the rate is less than I'm earning from the same capital invested. Rates were insane when I bought and inflation was destroying the value of cash. Figured I'd buy now before they got more expensive and I had even less buying power.

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