Originally Posted by
livedarklions
Honest question, do you pay cash for your cars? The whole industry is built on that type of financing. Not sure madness lies that way for everything.
Last car I bought, in 2014, I sold some stock options for half of it, and financed the rest, then last year sold the options I WOULD HAVE had to sell to cover the full price in 2014 for 1.5x as much as per share as they were worth in 2014.
But I think you misunderstand me. If you put down a large enough payment that what you owe is always less than the car's current value, especially if you get a good interest rate, that's not madness. 100% financing? THAT'S nuts.