There’s always $X just sitting in checking to pay for whatever random things any random week or month will bring.
It’s not like I’m selling T Bills or terminating a CD early to scrape together enough money for inceptions.
So killing the inceptions upfront costs me nothing and knocks off some of the rent charges on my lease.
And then there are MSDs and single-pay options to consider, but I don’t think that was OP’s premise.
I guess when savings accounts are yielding 5% I just don’t see a point in essentially buying down rates, but to each their own
I guess if you want to transfer money from savings to checking every time you want to buy or pay for something, that’s up to you as well.
I run relatively lean on cash in checking, but $3,000 isn’t a nest egg, it’s walking around money.
You have to transfer from savings to use money?
I put everything on my Bank of America CC, 2.63% cash back on everything, 3.5% on travel/dining. I don’t bother with rewards otherwise.
And my short-term cash is kept in Wise or Fidelity cash management account, it’s 5% interest default position and fully liquid, can use it like a debit card.
Those are great options as well.
I’m not trying to talk you into anything.
BMW MSD’s return 7-11% annually depending on the car, tax free too!
Infiniti is pretty good too!
Until you’re the guy making this post
It’s rare but does happen. Would prefer my chances w/ T bills
I wouldn’t let some one-off situation that I am not personally involved in, without being first hand aware of all the details, with a Mercedes, stop me from reaping the benefits of a 30% return over 3 years on iX MSD’s. MSD’s have been a thing for as long as I can remember and no one has ever shared this experience with BMW.
That said, everyone has a different risk tolerance.
For sure, if the market holds (which it won’t), I’ll be in an iX or Taycan for my next lease. While I enjoy my EQS, I think Mercedes product quality has drastically decreased over the past decade and certainly isn’t worth the premium that it charges for.
Any yet you leased one anyway.
Welcome to LH where it doesn’t matter what you drive so long as it is cheapy cheap
@HersheySweet can confirm that, at the least, I do not conform to that, and it annoys him.
I passed up on sub 300/mo Mercedes EQ-whatevers, cheapo Maserati’s, etc.
Agreed. Cheap is cheap for a reason.
#CheapAssCarsHackr
I obviously wouldn’t have known what I do now, prior to leasing it. My mom’s been driving a 2012 ML350 which was fantastic. I got blinded by that Merc brand reputation.
I wouldn’t mind picking one up used for $50k but certainly would not want to pay MSRP
As someone who has driven various Mercedes for the past two decades, I whole heartedly disagree. 2001 E Class, 2004 S Class, 2010 S Class, 2012 ML, 2013 S Class, 2014 ML, 2015 S Class, 2017 GLE, 2019 S Class, 2020 S Class, 2023 S Class. Each one better than the last in my experience.
What about your EQS versus your 2012 ML are you referring to in a decline in quality?
You are also looking at the TOP of their product stack. Check the quality of the C class until this last one.
SQUEAKKYYYY interiors
Which is why I am challenging the blanket statement that the product quality has drastically decreased. Need to be specific here.
you did the right thing, i assure you. sleep soundly.
Sir don’t talk about my lemorati like that