Who pays cash for sleds and toys and who finances??

pfi572

Active VIP Member
Joined
Mar 10, 2010
Messages
6,064
Reaction score
15,264
Location
Grande Prairie
Just wondering this as i have always saved and bought when i have enough to purchase a toy. Can't see paying interest on a want rather than a need unless it is something that i can us for work and get paid for.
:confused:
 

JaySimon

Active VIP Member
Joined
Mar 13, 2009
Messages
2,396
Reaction score
2,102
Location
Kimberley BC
Sign me up as a cash buyer as well.

If I can't/won't let go of the cash, I obviously don't want it that bad.
 

Summiteer

Active VIP Member
Joined
Nov 8, 2006
Messages
5,883
Reaction score
3,508
Location
Whitecourt, Ab
I'm with you. Paying interest on something that depreciates makes me angry. If I cant afford it, I don't really need it that much.
 

-lenny-

Active VIP Member
Joined
Mar 24, 2011
Messages
1,099
Reaction score
1,642
Location
Whitecourt
If I financed, I would have new everything every year. Until it caught up with me at least! Only payment I have is the house. Got a couple new sleds coming in the fall, then its time to start saving for a new pickup....
 

drew562

Active VIP Member
Joined
Mar 13, 2008
Messages
5,473
Reaction score
21,437
Location
edmonton
Cash always. The first two quads I bought In early 90s I financed. They were worth half what I paid in two years but I owed almost what I originally borrowed. . I did pick up a new victory vision last year for $5000 off retail and do not pay for one year. Oops That just reminded me I need to pay that by September lol.
 

bobsledder

Active VIP Member
Joined
Jan 11, 2009
Messages
2,830
Reaction score
6,126
Location
Not Sure
With some of the low interest rates out there today 3-3.5% and you are paying cash.:confused: You guys seriously need to find a new investment banker cause you are losing your A$$. Just sayin. :cool:
I agree if your cash is invested and making better percentage.
 

EMANAARON

Active VIP Member
Joined
Nov 2, 2009
Messages
1,354
Reaction score
379
Location
Morinville,ab
I won't buy a toy without it being cash.
Got an 07 Kodiak 450 new back when I was 17. Dad paid for it cash and gave him 5000 cash and payed the rest + 5% interest over 6 months.
The next year 08 I decided I'd prefer a 07 yfz 450 so my dad bought it in exchange for the Kodiak.
Bought my 2011 summit x cash and won't buy another till I have cash to do so.
 
Top Bottom