Who else financed their Raptor?

[Pausekey]

Financed. With an interest rate of just over 2% it would be foolish to lay out that much cash all at once and forego the chance to make more off investments. Even a very conservative portfolio with something like treasury bonds will out perform that 2%. And at my age, with an aggressive portfolio, I stand to gain far more.

Now I can see how with a high trade in some folks just pay off the difference to save themselves the hassle of dealing with a loan. However I kept my car to use as a daily driver, so I was on the hook for the full amount of the truck.

Unrelated to trucks, the OP is right about making the most of the economy and tax rates. Just about every Dem candidate has indicated they want to end the current tax cuts. If you are young, and are not packing every possible cent into Roth 401ks or Roth IRAs that you can, then you are doing something wrong. Now is the time to take advantage of those great rates, before an administration change crushes the middle class. Not getting political, this is just a simple fact of the tax rates.

 

[Christopher Manns]

The best option would be to use a home equity line of credit and write off the interest on your taxes if you qualify for it. Plus they usually have a low minimum payment if you had an emergency situation, otherwise make a normal monthly payment. Let your investments do what they do in the market and don't hinder their potential growth.

You know that tax law has been changed, you can only write off $750k used for, well, homes, personal expenses are no longer covered.

 

[FrodoTBaggins88]

Financed mine with only $1k down. $1300/mo payment. Yolo.

 

[davidl81]

Financed mine with only $1k down. $1300/mo payment. Yolo.

Prepare for the flames! (Although this forum is not as bad as the Corvette forum, those people think you are the scum of the earth if you finance a car).

 

[FrodoTBaggins88]

Prepare for the flames! (Although this forum is not as bad as the Corvette forum, those people think you are the scum of the earth if you finance a car).

Oh I know, I'm sure I will be bombarded haha.

 

[Jace21583]

You know that tax law has been changed, you can only write off $750k used for, well, homes, personal expenses are no longer covered.

Yup and having a raptor sitting in your driveway is a home improvement

 

[ademarco]

You know that tax law has been changed, you can only write off $750k used for, well, homes, personal expenses are no longer covered.

I used the money to put down on rental property and the truck and rentals are being paid down by the renters. Tax laws favor those that own property and run businesses. $750k is new law for owner occupied after a certain date, but does not include residential or commercial rentals.


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[Joph]

paid cash.

 

[Sliksunny]

Excellent credit was quoted 5.99% by ford finance today said no offers on raptors I would qualify for 0% on any other non performance vehicle.

Is this true? Local credit unions are at 3.5 I think rates are gonna drop. Do you guys think ford will run financing specials? Have they in the past ?

 

[davidl81]

Excellent credit was quoted 5.99% by ford finance today said no offers on raptors I would qualify for 0% on any other non performance vehicle.

Is this true? Local credit unions are at 3.5 I think rates are gonna drop. Do you guys think ford will run financing specials? Have they in the past ?

You never get a special rate on the Ford Performance vehicles , no matter how good your credit is. I think the lowest rate from Ford is that 5.99 rate. I went through my credit union and it was the lowest rate I could find. I think it was also 3.5