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

azbob

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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

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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

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Feb 19, 2015
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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
 

SauRoNZA

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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

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

zoozi

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Adenoid Hynkel

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Oct 15, 2008
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Can't believe the nonsense I read in this thread.
A simple savings account compounded will cover your monthly installments.
 

Adenoid Hynkel

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Oct 15, 2008
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Interest always make it more expensive?
Who in their right mind would buy a car cash for that amount?

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Roman avril

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Aug 20, 2021
Messages
295
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
 
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