[RKDinOKC]

When I got the 928, instead of using savings and getting a loan, I got a lease. It was much more affordable for an older car since it was $40K. And lower payments since there was a $15K buyout at the end of the lease. Have leased my new cars for the last 15 years. Made sense because I put less than 10K a year on them. Also if you lease the full amount if it is totaled insurance pays the lease off and residual no matter what the current market value of the car is. Understand a lot of people that buy collector cars do the lease thing because of the insurance pay off if totaled. BMW actually had a great lease for 10K miles/year and a year before the lease is out you could re-valuate your mileage and pay only $0.10 a mile for anything over the 10K/year. Never had to use it, but it was a great deal. They even moved the lease to different car at no charge when I traded the 3 series for an X3.

The only payments I got now is Mortgage, taxes, insurance, and utilities. Think it is a sad situation that the taxes and insurance on my house is more than the mortgage payments.

I got signature loan when I was going to buy the newer Cayenne. My plan was to sell the current Cayenne for enough to pay it off. But the guy sold the car out from under the deal the very weekend I had made arrangements to go pick it up. My credit union evidently felt bad for me, they took the money back, and acted like it never happened without charging me anything. Still very disappointed the guy sold it to someone else.