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Who else financed their Raptor?

Discussion in 'Ford F-150 Raptor General Discussions [GEN 2]' started by RaptorMaryland, Apr 26, 2019.

  1. RaptorMaryland

    RaptorMaryland Full Access Member

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    mine was bought and financed exactly 1 year ago.

    I had the cash in stocks to completely pay cash, but when I called my Financial Manager for the money he talked me into a loan. Said he could make 8% on the $40k I needed leaving it in the stock market.

    So I did, got a 2% loan from Capital One, now fast forward 1 year, and my Advisor calls on the status. Guess what its up 12% in one year. So taking away the 2% to Capital One for interest, I made $4,000 on the truck so far (yea I know I will have to pay taxes).

    Thank Trump, thank a great Capitalist system, thank America.

    Should I now write a book, get 3 houses, and blame billionaire s for all my troubles?
     
    George S, Michael M, Russ103 and 14 others like this.
  2. davidl81

    davidl81 Full Access Member

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    At the rates you can finance for right now it’s almost foolish to pay cash (to some extent). If you think the market will be better than 2-3% over the next 3-5 years then you should finance your truck, strictly from a capital gains standpoint. I totally get it that some people don’t like having any debt, and I respect that stand point.
    If you think the market is going to tank, then pay cash. But if you think the market is going to tank then you most likely have your money in a money market account/bonds and have missed out of huge gains over the last 10 years or so.
     
    Jace21583 likes this.
  3. Edbert

    Edbert FRF Supporting Member Supporting Member

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    I like the way you twist that, I do similar. My rate is 2.9% and I figure any rate below the "real" inflation rate (the official rate excludes things like energy/fuel and food) is actually an investment.
     
  4. BIG TIME BALLER

    BIG TIME BALLER Full Access Member

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    I financed $10k though Ford to get a $750 rebate. The rate was 10% and I have 800 plus credit! Paid that off before the first note.
     
  5. Badgertits

    Badgertits Full Access Member

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    Nah I dunno bout that bud- if you HAVE to make that call then you shouldn’t be buying a $70k truck, not arguing that sometimes it does make sense, but My IRAs/529/401ks/hi-yield savings/CDs/brokerage & brick & mortar savings accounts get padded on a weekly basis (proportionally varying depending on the market) all because I DONT have needless bills like a big raptor bill.

    Also- if you buy higher end value retaining vehicles like a raptor - or a fully loaded SLT Sierra A/T that I had prior, in the event catastrophe occurs & a deer runs out in front of ya which recently totaled that same GMC...the ins. Company cuts ya a check for $32.5k

    Truck was 2015 62k miles- think I’d get that in trade? Doubtful.
    All in my pocket not back to a bank w/ interest. although in full honesty, I did have a small note on that truck like $18k but was on Gm’s dime- 0% interest.

    Over the years I just kept “jumping up” in vehicle price + after sucking it up & paying cash for something years ago my trade-ins keep getting worth more & the cash I need to put down to pay in full or have a small loan shrinks. Another reason I liked the raptor- value retention.

    Truthfully there’s no real answer, but when you get up past the $60k Mark in OTD vehicle price you should be in the position to buy it outright if you wanted to or else your paying too much.

    Last thing I’ll say- guy w/ the most toys wins, lol, no car payments also enable me to justify dropping $10k on blower/meth injection/tires/big radiator etc on my vette....
     
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  6. Tacoman

    Tacoman Member

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    The best riding car/truck is one that is paid for....
     
  7. RaptorMaryland

    RaptorMaryland Full Access Member

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    Any Finical Advisors out there?
     
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  8. Buzzard2

    Buzzard2 Full Access Member

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    Send me your Financial guys contact info. I am not getting close to 12%.
     
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  9. RaptorMaryland

    RaptorMaryland Full Access Member

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    Fisher, he is always 1 to 2 % better than my last deal.

    And I have the screen shots to prove it, over the last 4 years anyway.
     
  10. Badgertits

    Badgertits Full Access Member

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    The guy who hates “Nose bleed level rates” lol
     

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