What kind of rate are you being offered? The fact you are financing does reflect on your trading prowess. You are better off to buy your cars and finance your trading. At least the interest is tax deductable when you use the money to invest.
Trading prowess? I have the funds. I don't want to use the funds. I'm not using any margin for trading. I trade like @johnarb...long and large...not just scalping nickles that most of you guys aim for. Yes I could use margin loan to buy the car, but I keep a healthy margin for draw downs.
Why? You can use the cars as collateral. You really need to sit down with your accountant and learn a little about the system, could save or even make you extra cash.
Collateral for what lol. Cars are a terrible investment...purely a yolo decision. I thought you guys would be more interested in the cars than how I ended up affording them lol. These are the spoils of a trade made more than 5 years ago...just been waiting for the right time... I didn't actually close the position...I keep it open and finance the car. This way the position can still earn money.
I don't need an investment loan lol...and isn't that what a car loan is anyway, they use the car as collateral for the financing.