Originally Posted by golf_234
I never understand when people say "paying off"..
My car loan is at like 2.9% .. i could pay it off tomorrow if i wanted. I am making like 10-15% in the market and took part of that money into real estate. have zero desire and would actually take a financial hit to "pay off" the car.
I never financed any car, and unless you get at least 2.9% interest on your investment, it's also piece of mind and very satisfying not owing anything to any bank. So if I have the cash on hand, I would always purchase right out, I hate the thought of paying money for nothing. I was always thought that if you don't have the money, you can't afford it and had to save for it, obviously that strategy went out of the window with my first house purchase which took 15 Years to get get into the clear!