Quote:
Originally Posted by Unobtanium-inc
Financing a toy is never a good idea. The old rule, buy what you can buy, not borrow.
---Adam
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That's an incredibly dated attitude, and its a great recipe for sitting at home and waiting until you get old and die. There are a litany of reasons why financing a toy can actually be a good idea while still living well within one's means.
Personally I was daily driving 2 older vehicles that were paid off, and I specifically decided to buy a new F150 this year with financing. I want to have a reliable new vehicle if the world goes to crap, and I want the debt of the truck to be anchored in a 2020 dollar amount, and paid back with potentially hyper inflated 2022 dollars if the worst happens.
good reading about financing toys here:
https://rennlist.com/forums/911-forum/1205936-financing-a-classic-porsche.html