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Bad Idea #144: 12 Year Auto Loans
#1
I don't know how I stumbled onto this (probably while I was doing pointless supercar browsing) but I found a company that offers 12 year auto financing for buying supercars and classics. So for that $180k NSX I specced out it would be...$1756 a month. Hmm, still outrageous but better than $3479/month for a 5 year loan.

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Crazy to think there's a company that takes on risk like this but I guess if you've got money and you want to keep more of your assets liquid you might do something like this. Might also work well on the rare, high-demand cars that either don't depreciate or actually appreciate in the short term like a 458 Speciale, GT3RS, 911R, or 675LT.

Maybe if I was more financially irresponsible and had a bigger boner for supercars I would seriously think about something stupid like this for NSX or 458 but even then I don't think I could do it. One accident and you'd be more underwater than the Titanic.
2018 Ducati Panigale V4

Past: 2018 Honda Civic Type-R, 2015 Yamaha R1, 2009 BMW M3, 2013 Aprilia RSV4R, 2006 Honda Ridgeline, 2006 Porsche Cayman S, 2012 Ducati 1199, 2009 Subaru WRX, 2008 CBR1000RR, 2009 Kawasaki ZX-6R, 2000 Toyota Tundra, 2005 Honda CBR600RR, 1996 Acura Integra GS-R, 1996 Acura Integra GS-R, 1997 Honda Civic EX

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