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Joined 1 year ago
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Cake day: October 25th, 2023

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  • Porsche is trying to be Ferrari but, who can blame them. Ferrari is totally recession proof and immune to criticism. They post huge profits and sell relatively little cars. Porsche has done a great job with their branding though. 911 and cayman share a platform and are mass produced on an assembly line but dealers can still charge big numbers for all their special edition cars. Corvette and maybe Mustang Shelby can do that in the beginning but, as time goes on it dwindles what they can sell them for. Porsche dealers can seemingly continue to charge more on the entire life of the model.







  • Only putting $2k down was a very bad idea. Your friend is immediately upside in his loan and at that interest rate would likely be for most, if not all, of the time in the loan.

    If he chooses to keep this truck. First is $23k a lot of money to your friend? Does he have a large savings already? If not then I’d put at least another $8k towards the truck. That should hopefully help keep his head above water in the loan. I’d put the rest in the HYSA. If yes, than I’d put it all towards the truck. 6.9% is a high rate, paying that down gives you an instant rate of return on your money.