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11-20-2012, 07:24 PM | #23 | ||
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11-21-2012, 08:28 AM | #25 | |
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11-21-2012, 10:10 AM | #26 | |
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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.
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11-21-2012, 10:49 AM | #27 |
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11-21-2012, 11:41 AM | #28 | |
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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!
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11-21-2012, 12:12 PM | #29 |
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Cash on hand is ALWAYS more valuable than car wrapped up in a depreciating asset.
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11-21-2012, 01:43 PM | #30 |
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Bingo. Factory FI means there is a good bit of torque left on the table just waiting to be tuned back into it.
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11-21-2012, 02:41 PM | #31 |
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Full cash will always the best option when buying a car, lol. Not owing anything to the dealer nor the bank.
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11-21-2012, 02:49 PM | #32 | |
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No other way arround it im affraid.
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11-21-2012, 09:36 PM | #33 |
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So you buy the car for full cash then have a return of approximately -10% each year until the car is essentially worthless. The loan option costs you ~3% but allows you to put the rest of your available cash into the market and actually earn you money. I simply can not see how full cash up front on a depreciating asset will save you money.
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11-21-2012, 09:54 PM | #34 |
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Except that there is no guarantee that you will make above 3%, even the best investor cannot assure that.
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11-22-2012, 01:22 PM | #35 | |
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11-22-2012, 07:00 PM | #36 |
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11-23-2012, 05:28 AM | #37 | |
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