How much you will pay per month to own a Land Rover Defender V8

[Drifter]

Does that R43K p/m include the 2nd one you need to buy for spares?

 

[azbob]

Don't need calculations when the personal income tax rate we pay is 45%, for the banks it's 9% p/a interest and all sorts of made-up bank charges... You save a **** ton of money.

Don’t need a calculation.

Of course it’s cheaper. By a massive margin.

This deal charges you 9% per year to own it, not to mention other service fees etc on top.

Ok but what if you invest that R2.3m somewhere that can get you 20% interest and then buy the car with installments at 9% instead of throwing the R2.3m directly into it?

 

[SauRoNZA]

Ok but what if you invest that R2.3m somewhere that can get you 20% interest and then buy the car with installments at 9% instead of throwing the R2.3m directly into it?

Yeah that’s a bit of a different offset.

Unlikely you’ll get 20%, or even 9% reliably.

It may or may not break just about even, unlikely to really have a net positive on average.

Although if you wanted to save money you wouldn’t buy a brand new one anyway and buy the slightly used demo that’s taken the depreciation knock already and pay cash.

You’ll come out with much more money in pocket after the 5 years than the person who had the loan.

 

[gimpex]

Ok but what if you invest that R2.3m somewhere that can get you 20% interest and then buy the car with installments at 9% instead of throwing the R2.3m directly into it?

Can u link the 20% returns…..ponzi schemes excluded

 

[azbob]

Can u link the 20% returns…..ponzi schemes excluded

 

[gimpex]

View attachment 1191760

Good timing, s&p 500 … highest annual return 37%, lowest annual return 37%

Long term average just over 10%

 

[SauRoNZA]

View attachment 1191760

That’s not a return though, that’s a share price.

If it was paying dividends at 20% you could call it a return.

You’d need to sell it make something…and then you need to buy something else and keep going.

To average 20% doing that for five years is near impossible.

None of it is guaranteed.

The interest rate is however set in stone, so you’d need a guaranteed investment to offset it.

 

[azbob]

It was just an example to show that buying cash isn’t always the cheapest considering the variables.

 

[zoozi]

How much you will pay per month to own a Land Rover Defender V8

The Land Rover Defender V8 recently went on sale in South Africa at a starting price of R2.3 million.

2.3bar for a farking land rover. Used to be a middle+ class family car when I was growing up, this is Ferrari F430 money from that time. Another gift from the ANC, petrolhead's dreams dead in the dirt in the dying days of the combustion era.



BLAST FROM THE PAST:

 

[Adenoid Hynkel]

Can't believe the nonsense I read in this thread.
A simple savings account compounded will cover your monthly installments.

 

[Adenoid Hynkel]

Interest always make it more expensive?

Who in their right mind would buy a car cash for that amount?

 

[ubercal]

Who in their right mind would buy a car cash for that amount?

thieves .... cough cough cough

 

[Roman avril]

It's amazing just how expensive cars are in this country. Hard to even grasp the price. I could buy a house in sandton with cash to spare for that money. Yoh anyone who buys this, absolute respect