TSmkV
Well-Known Member
Considering the xHP also. Would love to hear your take once installed.I’m sure you see the worst of the worst at car dealerships. Hopefully most guys “buying” Supras can afford them in the 1st place. Like Randall & Andrew, I paid mine off as well. Knowing this is a depreciating asset, using cash reserves is likely more common.
Since CDs have prepayment penalties, they are not considered fully liquid. So you’re right in that aspect if that was their only choice. However, if a client moved one of their cash investments into a CD, in anticipation of purchasing a car at the maturity date, then that would make a more sense.
At some point in life, your liabilities (other than primary residence) shouldn’t be tied up in any loan, paying interest to a bank. You loose the ability to invest in other opportunities. That’s why we all have emergency funds (3, 6, 12 months of income) and fully liquid cash investments that is a percentage of our net worth. That should be part of anyone’s portfolio.
Oh yeah…. I bought the xHP transmission tune, downloaded the app, went to get the software code and realized my car is at the auto spa ? again getting some minor adjustments for her next track weekend ??![]()
