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Are you a financial advisor?It's always best to pay cash if you can afford to. Out right owning something is far better than playing with financial snakes that can and will bite you eventually.
Read the last part of my post. The only point I’m trying to convey is that just because someone walks away over an increase in the APR doesn’t necessarily mean they were in over their head to start with.
I once sold a bike to a Tokyo investment banker for his kid going to the private school down the road. It was the least expensive bike we sold. He started to hem and haw then haggle and asked me what the cash price was. I gave him our standard deal, $20 bucks off, same deal we gave to everyone. He put his lower lip up, nodded in approval, stuck his hand out to shake on the deal and then says knowingly, “Cash is king.”
This guy could have bought and sold the entire shop and the town it was in if he felt like it and it wouldn’t have been a blip on his radar and he was there working the deal over $20 On a $300 bike. Some people it’s just in their DNA. It’s not the amount, it’s the prinpal.
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