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Corvette
General Corvette Discussion
0% and rebate in Canada
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<blockquote data-quote="YFCvii" data-source="post: 114659" data-attributes="member: 3252"><p>If one has the cash to pay outright ... and a Corvette they want on a Dealer's Lot. 10% off and 0% financing is a "Good Deal " and a "Good Debt" by</p><p>being disciplined to invest the cash in a Canadian Bank's relatively stable unit-value income fund and pay each month with the dividend</p><p>topped-up with selling units to equal the loan payment amount. Math skill is required along with the cash to invest. I did not buy outright, struck a</p><p>descent discounted deal on a Corvette and I am making close to 6% annualized investment income as I pay off a 0% loan. I will also add</p><p>that I am already driving the Stingray too ! One draw-back I found is that Car Insurance is about $25 per year more (in my case) as it has a lien holder.</p><p>Should someone see that I have this all wrong ... please PM me as I obviously am not seeing past the Corvette Grin on my face ...</p></blockquote><p></p>
[QUOTE="YFCvii, post: 114659, member: 3252"] If one has the cash to pay outright ... and a Corvette they want on a Dealer's Lot. 10% off and 0% financing is a "Good Deal " and a "Good Debt" by being disciplined to invest the cash in a Canadian Bank's relatively stable unit-value income fund and pay each month with the dividend topped-up with selling units to equal the loan payment amount. Math skill is required along with the cash to invest. I did not buy outright, struck a descent discounted deal on a Corvette and I am making close to 6% annualized investment income as I pay off a 0% loan. I will also add that I am already driving the Stingray too ! One draw-back I found is that Car Insurance is about $25 per year more (in my case) as it has a lien holder. Should someone see that I have this all wrong ... please PM me as I obviously am not seeing past the Corvette Grin on my face ... [/QUOTE]
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Corvette
General Corvette Discussion
0% and rebate in Canada
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