IndigoBlueWagon
TDIClub Enthusiast, Principal IDParts, Vendor , w/
In NH you have the same thing by a different name that you pay with the car's registration.
Didn't you get the 0% finance? If so, invest the money and get a return on it.now that I am about to pay off our GSW in the next week or two, I wish I had gotten the Lease deal as well.. could have used that extra 2k+ in savings.. oh well. I still love the car.
Keep in mind that you get the interest, not the 401(k) provider. At least that's the case for many plan providers. So if the rate is higher you're just paying yourself more interest. This is the plan's way of providing you with some capital appreciation of the loan funds as they are paid back.Also read the fine print on the 401K loan to yourself, current rate for mine has climbed to 5.5%, that's a heck of a lot more than 0% some auto manufactures are offering, still lower than any CC that's around.
That was just a line in the sand. It would be nice to think that my 401K will continue to grow at almost 20% but I took those rose colored glasses off a long time ago.We're at the end of a long bull market. Your return on the $50K over the next five years could as easily be less than that 4.5% interest. Think 2006-2011. Or 1986 -1991. Or 1970-1975. Ten year return on the S&P 500 is 7.4%.
As we often say, we are all in different places in life. Within 10 (maybe 5) years, I will be retired and living off that 401K. At this point in my life, $60K makes a big difference.I went into this with my eyes opened and am aware of the possibility of losing potential gains. and even if it does wind up costing me ~$48k in earnings in the next 4 years, when i am 65 in 25 years and i have ~$1,800,000 in the account versus ~$2,200,000 after compounding am I really going to notice the difference? in the mean time, I will enjoy my paid for car now.
That's all true, however, unless IRS rules have changed, that interest money that you pay back to yourself in the 401(K), is going to be taxed at the same rate that the rest of the 401(K) funds are taxed at. Why is that a concern?Keep in mind that you get the interest, not the 401(k) provider. At least that's the case for many plan providers. So if the rate is higher you're just paying yourself more interest. This is the plan's way of providing you with some capital appreciation of the loan funds as they are paid back.
Are they JSW or GSW?It bought my '15 buy back from Sheehy VW in Springfield VA. They have about 40 buybacks mostly JSW on the lot. Very nice and clean cars for good prices. Check them out.
I bought mine from Jorge Perez, sales man on the floor but a Super Nice Guy and not your regular car sales s.o.b.
Have fun.
a) Sorry to hear about the jobcurious that this thread should come alive... Our stop sale car lease is coming due... Other than the fact that I was terminated from my job today, the questions have not changed... What else would we drive other than our '15 6 speed SEL??
Just as the title states... if you actually purchase one of these (new 2015s) share your pricing. I hope to keep this going for a bit to track how many of these are actually moving.
Except this thread is about "new" 2015 stop sale car purchases not bought back cars being resold.I bought a super clean 2015 Jetta TDI SEL with 40,300 miles for $10,500, at the Salem, Oregon VW dealer. They had just reduced the price $1,000 to $10,900 that morning. Dealer added about 400 for title, license and registration and some kind of fee. Original Continental tires still had 30% tread left, but were simply not round so I had to get new tires. Also it had no evidence on carfax of the DSG or oil service being done since 20k so I had to have those 2 done but got it discounted to $279 at the dealer. I like the car but for the heater core tube rattle at firewall. Parking my '04 with 240,000 miles.