credit score took a -25 pt hit

[trust fund baby]

Or does maserati now make some ****** little pos base model 3 series competitor that wanna be ballers\ babys first real job guys are gonna eat up?

 

[los33 10+ year member]

What kind of maserati qre youbuying for like 42000? Or is this a lease?

It was a black used 2008 maserati granturismo.

They do pre-owned also.

Sent from my Z970 using Tapatalk

 

[Boomin_tahoe 5,000+ posts]

I've never had a loan in my life either. Everything i own was bought cash (home, cars, etc) i had a credit card once though, i didnt get the appeal. My bank card counts as a credit card, but ive no idea if that goes on a credit score.

Wish I can pay cash for a house.

What kind of maserati qre youbuying for like 42000? Or is this a lease?

Yes please show us, with username and current date.

"The wealthy people need higher scores just to be able to buy expensive stuff." So much wrong info here. So Bill Gates doesn't need credit to buy a new car. He can pay cash for it if he wanted.

 

[trust fund baby]

It was a black used 2008 maserati granturismo.
They do pre-owned also.

Sent from my Z970 using Tapatalk

oh, gotcha. I don't buy used cars, so I guess the thought never crossed my mind

 

[trust fund baby]

Wish I can pay cash for a house.


Yes please show us, with username and current date.

"The wealthy people need higher scores just to be able to buy expensive stuff." So much wrong info here. So Bill Gates doesn't need credit to buy a new car. He can pay cash for it if he wanted.

eh, our homes nothing fancy. historic registered home, brick, built 1911. 2000 sq ft. but its paid for. not like its some baller crib lol //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

 

[Jroo 10+ year member]

I've got a couple bank accounts already, but haven't taken out loans. I don't see how borrowing money and having to pay interest will save me money.

its about tax bracket and tax implications. Especially in todays environment with rates crazy low, folks with cash would rather use the banks money to free up their money for investments or business. The return they are gaining plus the tax benefit makes sense to get a mortgage. This is sometimes the reason why folks with money still carry a mortgage. Even super crazy money folks like Facebook Zuckerberg have mortgages. Dude could pay cash for a million homes but doesn't make financial sense. Those dudes say mortgage is 3% because I have Credit plus Im getting tax relief . Ill take my money and making 10% or more in the market, investment, or other business.

 

[Slo_Ride 5,000+ posts]

oh, gotcha. I don't buy used cars, so I guess the thought never crossed my mind

You can't even keep your lies straight, can you.