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Thread: Dream about a turbo E46 M3 but are not sure how to pay for it? Horsepower freaks in house financing has you covered

              
  1. #26
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    I financed through HPF and would do it again. It was straight forward, and the 5% interest was a drop in the bucket when you compare it to everything else.Sure, I could have paid for it all up front but sometimes cash flow is king and I can expand my business, make other 'investments' .. etc with that money while making payments to HPF. If someone has $60k sitting in their bank account and spends it all on a turbo kit I'd call them more foolish then someone who spends half that on a turbo kit and then finances the rest.I've been in arguments like this before with people who brag about buying their car cash, or buying their house cash/etc...I finance everything then pay aggressively on it.. if the $#@! ever hits the fan I have cash in hand and thats always better then having an asset like a car or house.. think about it. If you lost your job tomorrow would you rather have a $400k house paid off or $400k in the bank? You can adjust your lifestyle QUICKLY if you had cash in hand.. having tons of assets paid off isn't as simple.. its not liquid.

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    Click here to enlarge Originally Posted by ZooyorQ Click here to enlarge
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    I could have paid for it all up front but sometimes cash flow is king and I can expand my business, make other 'investments' .. etc with that money while making payments to HPF.
    Exactly.

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    Smart move. I wonder you provides the insurance to cover the cost of the upgrades?

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    Click here to enlarge Originally Posted by maxnix Click here to enlarge
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    Smart move. I wonder you provides the insurance to cover the cost of the upgrades?
    Provide insurance?

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    Its pretty difficult to get a car insured for twice its value.. I tried and had no luck as the mileage requirements were to low and the horsepower was to high. One place said they'd insure it then they asked how much horespower and I said 800rwhp and they said they only insure cars (period) up to 750hp. So that was a no go.

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    Click here to enlarge Originally Posted by ZooyorQ Click here to enlarge
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    I said 800rwhp and they said they only insure cars (period) up to 750hp. So that was a no go.
    Why not just say 750 hp then?

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    I don't tell insurance companies about the horsepower. They don't need to know. They are insuring my orange widebody M3 as stock. ha ha.

    Chris.
    STAGE 1 M3 TURBO KIT SALE - $13,500!!!!
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    Click here to enlarge Originally Posted by DBFIU Click here to enlarge
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    IOUs are what I use to pay off my debt.
    Yes, I know, cuz you gave me a buts of UOMe's.

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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
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    Why not just say 750 hp then?
    When they asked I didn't know what was acceptable or not. Now I know.

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    Click here to enlarge Originally Posted by ZooyorQ Click here to enlarge
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    When they asked I didn't know what was acceptable or not. Now I know.
    pull a spark plug out and tell them you "de-tuned" it to 750 hp...lol
    Click here to enlarge Originally Posted by TwinturboM3
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    I bang the chickens on my farm 60-130 times a day.
    Click here to enlarge

  12. #36
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    Click here to enlarge Originally Posted by ZooyorQ Click here to enlarge
    This quote is hidden because you are ignoring this member. Show Quote
    I financed through HPF and would do it again. It was straight forward, and the 5% interest was a drop in the bucket when you compare it to everything else.Sure, I could have paid for it all up front but sometimes cash flow is king and I can expand my business, make other 'investments' .. etc with that money while making payments to HPF. If someone has $60k sitting in their bank account and spends it all on a turbo kit I'd call them more foolish then someone who spends half that on a turbo kit and then finances the rest.I've been in arguments like this before with people who brag about buying their car cash, or buying their house cash/etc...I finance everything then pay aggressively on it.. if the $#@! ever hits the fan I have cash in hand and thats always better then having an asset like a car or house.. think about it. If you lost your job tomorrow would you rather have a $400k house paid off or $400k in the bank? You can adjust your lifestyle QUICKLY if you had cash in hand.. having tons of assets paid off isn't as simple.. its not liquid.
    i saw the perfect example of this on fanatics today
    Click here to enlarge Originally Posted by TwinturboM3
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    I bang the chickens on my farm 60-130 times a day.
    Click here to enlarge

  13. #37
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    Click here to enlarge Originally Posted by Funkboy316 Click here to enlarge
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    i saw the perfect example of this on fanatics today
    Explain?

  14. #38
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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
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    Explain?
    sykes is firesaling his lime green car for 60 grand because he doesnt have the cash he needs to make an investment
    Click here to enlarge Originally Posted by TwinturboM3
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    I bang the chickens on my farm 60-130 times a day.
    Click here to enlarge

  15. #39
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    Click here to enlarge Originally Posted by Funkboy316 Click here to enlarge
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    sykes is firesaling his lime green car for 60 grand because he doesnt have the cash he needs to make an investment
    Uh oh... damn, I'm sorry to hear that.

  16. #40
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    Exactly... cash on hand trumps everything else (with the exception of an investment). Our cars unfortunately are not investments.. Click here to enlarge

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