For someone who's come on here so high and mighty about every else's financial ignorance, this is just . Even Apple has a savings account option that pays over 4% interest, its not impossible to find 4.8-6% if you're willing to play the reward's checking games.What bank is giving 4% on a traditional savings account?
I see debt ratios, interest rates, on and on and on. I know understand why folks live pay check to pay check. Have large credit card debt, and the average 65 yr. old only have $270K for retirement saved. Keep spending America!Every time one of these subjects comes up, there's always someone that mentions this same thing? Does anyone that's waiting for a Bronco actually listen to this advice? I highly doubt it, they just want their Bronco no matter what it takes. I highly doubt someone thats waited this long for a Bronco is going to say, "oh hey I need to finance for more than 60 months, I guess I'll leave it at the dealer". The thread was asking for current interest rates, not financial advice.
Not necessarily….cash flow is king. Taking a longer term and using cash flow that is from a tax advantaged area within your portfolio….well you get the idea.One should never take a loan longer than 60 months as the worst case scenario. A long loan on a declining asset is never a good idea.
Maybe just finance with the dealer and then month or two later refinance it via the credit union.College Son’s crap car crapped out on him. So I bought him a new Corolla 2 weeks ago and financed at 3.99 thru my Houston credit union. Now I’m starting to think thats going to significantly affect me when I go out of state to Granger as my car is getting built this week. Perfect credit and have some money for down payment. Was going to have credit union recapture loan if needed as they don’t finance out of state buys. Any opinions?