Originally Posted by
genejockey
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.
Depends on the amount, 100% of what? What's the repayment term? Also, it makes a lot of sense to finance 100% of a service if you need it now but can't get the money to pay for it if you don't get the service. Obvious example--your bank account is empty, and you need to get your car fixed to get to work.
But more often than not, I'd agree with you. The overfinanced car is a real financial burden.