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SVTPerformance's Chain of Restaurants
Road Side Pub
Chasing dream cars
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<blockquote data-quote="Rocket254" data-source="post: 16575170" data-attributes="member: 150851"><p>I guess I am at the point where I need to share some more details to be convinced this is feasible. Local credit union is currently offering 72mo/2.25% loans which is stupidly cheap. (60 month loans are only a tick lower but at this rate, it really doesn't matter as much).</p><p></p><ul> <li data-xf-list-type="ul">Fiancée and I combined gross about 205K/yr</li> <li data-xf-list-type="ul">No credit card debt</li> <li data-xf-list-type="ul">275K Mortgage @ 30yr/2.75%</li> <li data-xf-list-type="ul">60mo/0% loan on a 2017 RAV4 for her that has about 12K left on</li> <li data-xf-list-type="ul">My beater Ranger and 08 GT/CS have long been paid off.</li> <li data-xf-list-type="ul">Cash: 120K (This includes her 100K house proceeds and money to cover our elopement trip to Canada/honeymoon. I've been slowly index investing cash)</li> <li data-xf-list-type="ul">Taxable Investments (Fidelity Brokerage/Crypto Accounts): 98K</li> <li data-xf-list-type="ul">401k/Roth/ESOP: 575K</li> </ul><p>Yet like I mentioned in the OP, I'm hanging up on the potential missed investment opportunity cost. That said, I am not the type to try to pay cash for everything, especially with these interest rates. My heart may be set on a Gen V but really any cherry car from a Gen 2-5 would scratch that itch. Obviously that is a decision within itself but that gives me a workable range from 55K to ~100K or so. I really just can't fathom spending that kind of money on a car. My 08 mustang is the most expensive vehicle I've owned and it was a staggering 21K used.</p></blockquote><p></p>
[QUOTE="Rocket254, post: 16575170, member: 150851"] I guess I am at the point where I need to share some more details to be convinced this is feasible. Local credit union is currently offering 72mo/2.25% loans which is stupidly cheap. (60 month loans are only a tick lower but at this rate, it really doesn't matter as much). [LIST] [*]Fiancée and I combined gross about 205K/yr [*]No credit card debt [*]275K Mortgage @ 30yr/2.75% [*]60mo/0% loan on a 2017 RAV4 for her that has about 12K left on [*]My beater Ranger and 08 GT/CS have long been paid off. [*]Cash: 120K (This includes her 100K house proceeds and money to cover our elopement trip to Canada/honeymoon. I've been slowly index investing cash) [*]Taxable Investments (Fidelity Brokerage/Crypto Accounts): 98K [*]401k/Roth/ESOP: 575K [/LIST] Yet like I mentioned in the OP, I'm hanging up on the potential missed investment opportunity cost. That said, I am not the type to try to pay cash for everything, especially with these interest rates. My heart may be set on a Gen V but really any cherry car from a Gen 2-5 would scratch that itch. Obviously that is a decision within itself but that gives me a workable range from 55K to ~100K or so. I really just can't fathom spending that kind of money on a car. My 08 mustang is the most expensive vehicle I've owned and it was a staggering 21K used. [/QUOTE]
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Chasing dream cars
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