Newbie - Z4 or SLK or Cayman ?

After reading all the rights and wrongs of car buying I now don't know whether to spend some cash or have some debt.

I think what hasn't been considered here is one important factor - age!
As you get older why not just spend it ?
Or get a shed load of debt and take it to the grave?
 
ronk said:
After reading all the rights and wrongs of car buying I now don't know whether to spend some cash or have some debt.

I think what hasn't been considered here is one important factor - age!
As you get older why not just spend it ?
Or get a shed load of debt and take it to the grave?
Click to expand...

Who knows what the answer is, i dont. I just do whatever i feel confident i'm 'OK' with, but things like PCP do seem like a bad idea.. huge premium to jump into a car, even HP is better - and that's not great.

I assume people want less debt as they get older, you seem to be debt free initially, build up debt through 20s-30s, then later realise you wish you hadn't, and try your best to get rid of it again. For me, at least, i dont like debt that i can't see the light at the end of the tunnel.. Sadly mortgages always go against this, and whilst i have one - i don't like it :( Home ownership definitely seems to be a world of financial responsibility you don't get elsewhere.
 
Nothing wrong with a mortgage - that is debt on an appreciating asset and the payments should set against what you would be paying as rent.

Paying interest on a debt for a depreciating asset is not my cup of tea. Just do the sums !
 
mattwaltersz4m said:
So Z4 or SLK or Cayman? :tumbleweed:
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OP did a bad comparison which is why the thread went so off topic. Forget Cayman, Boxster would be better comparison.

F-Type Convertible > Boxster 981 (or even 987?) > Z4 > SLK
 
If you can borrow the money at the same time as buying a new place then do that, as the interest you pay on your mortgage is incredibly low, surely that's the best way forward.....
 
Why is this thread about the Cayman and not the Boxter, anyway?

I want to enjoy my retirement and in the US there can be a real problem with property taxes even after you pay off the actual house. My property tax right now is higher than my rent used to be in Germany.

Doesn't mean I don't like nice cars. I cheap out by sniping good BMW lease deals or by liking smaller and older cars (quality makes only) anyway.
 
I don't think he was trying to compare the cars - only trying to decide which of the three he should buy.
It's sometimes difficult at the buying stage.
 
Stark said:
If you can borrow the money at the same time as buying a new place then do that, as the interest you pay on your mortgage is incredibly low, surely that's the best way forward.....
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It's a good job you're not paying the crippling interest rates us oldies were paying! :cry:
 
ronk said:
Stark said:
If you can borrow the money at the same time as buying a new place then do that, as the interest you pay on your mortgage is incredibly low, surely that's the best way forward.....
Click to expand...


It's a good job you're not paying the crippling interest rates us oldies were paying! :cry:
Click to expand...

Yeah actually that's probably why you guys are so put off by borrowing even with low interest rates. I guess it still left a bad taste in your mouths.
 
It was a juggling act in those days - 15% mortgage rates balanced against house prices rising but with a threat of job loss

Now it's low interest 5% mortgage rates and house prices not rising but still with the threat of job loss!

Probably an over simplification but you get my drift?
 
ronk said:
Now it's low interest 5% mortgage rates and house prices not rising but still with the threat of job loss!
Click to expand...
:scratchhead:... looking at 5-8% house price increase per-year around here!
 
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