Originally Posted by 08toyo
Lets forget about it. You guys know more than I do???????????????
Viper-2, 7 years of finance, not bad. Lets not bring education into the picture.
I'm extremely confused by this. If you paid cash versus financing I don't see anything but gain for you.
1. If stolen or totaled you wouldn't have a remaining balance after the insurance pay off.
2. There are no financing charges, so you aren't paying more money than what the vehicle actually cost. While those who finance are paying for the vehicle and the APR to have another company to loan them the $$ to get it when wanted.
3. If wanting to trade off for something else you don't have to do anything but take the title in when looking at a new vehicle.
4. It's free and clear!! It's yours straight up! You don't have to think about anything other than how much will I get from the insurance company when you are looking at that turn, or jump and go with the extra speed.
If there is something that I'm missing here please by all means put me in my place but from where I am sitting there is no down side to actually owning the vehicle yourself.