Originally Posted by seven (Post 12221880)

People who CAN/able to pay cash for a big purchase such as a car, prolly got enough money so they don't have to get loans for many other shit. People who CAN/able to pay cash for cars most likely got houses or other valuable properties already. You don't get a big loan just to build a credit history lol you get a loan cause you actually need it or it helps you write off or some other crap unless you are just hard up but consoling yourself with "just building CH" idea for getting such loan. Trust me when you CAN/and able to pay cash for cars/houses etc. you'll see lenders start to beg you to get a loan from them and that's a fact :2 cents:

Originally Posted by beemk (Post 12223395)

i only pay cash for cars. one is an economy car that gets good gas mileage and is reliable, the other is a piece of shit f150 that i only paid a few thousand for that i use for stuff when i work on houses, i bought it cheap so i dont have to take good care of it.

Originally Posted by potter (Post 12223252)

Not true AT ALL. I have two friends who purchased their cars outright. Both of which rent, and from what I know have no credit at all.

Originally Posted by V_RocKs (Post 12223355)

You car is a tax write off (pause) NOT!

Sure you get to write off some of the money but you are actually probably only deferring 18% to 30% of the cost. So if you have a $1000 payment you aren't saving all that much on the write off.

Originally Posted by Webby

Same here beemk - would not dream of leasing a vehicle and just buy the shit. Tho have done in the past where there was a corp scenario in place and a "actual" tax benefit