Quote:
Originally Posted by jettie1767
It is not the same as financing a car. If you total the car or it's stolen, kiss that downpayment goodbye.
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Completely false, its no different than any other form of finance, you have insurance for those things in all cases. Ive done it for more than a decade and its the most cost effective way to get into these types of cars. You have to be crazy to put zero down on $100K cars, you're financing an unjustifable, and completely avoidable amount of interest for no reason.
To each his own, but from a finance point of view, its the most efficient way to effectively use your $$$