Did you finance or pay cash?

[John Bronco_ I am here]

Paying cash is a waste. People do not understand the time-value of money. Unless you have bad credit and your rates are excessively high, 'tis better to buy cheap money and put your liquid assets to work for you making more money than the cheap money costs you.

Even if the figures work out even, the money you pay during the next 60 months is worth less than the money you have in your pocket today. Especially in these times of high inflation. Buy now, pay later has never looked so good; this is why the fed raises rates, to slow down the spending in such times. In short, buy cheap money now and pay off with cash worth less tomorrow, a win-win for those that have assets. A lose-lose for those that save cash thinking it is the right thing to do.

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[Bestdayever]

Paying cash is a waste. People do not understand the time-value of money. Unless you have bad credit and your rates are excessively high, 'tis better to buy cheap money and put your liquid assets to work for you making more money than the cheap money costs you.

Even if the figures work out even, the money you pay during the next 60 months is worth less than the money you have in your pocket today. Especially in these times of high inflation. Buy now, pay later has never looked so good; this is why the fed raises rates, to slow down the spending in such times. In short, buy cheap money now and pay off with cash worth less tomorrow, a win-win for those that have assets. A lose-lose for those that save cash thinking it is the right thing to do.

FYI... I have great credit and choose not to finance toys. I have often felt people who finance the way of offsetting futures values sometimes get bit by overspending.. "CASH is King " says it all. But thanks for your input. k

 

[John Bronco_ I am here]

FYI... I have great credit and choose not to finance toys. I have often felt people who finance the way of offsetting futures values sometimes get bit by overspending.. "CASH is King " says it all. But thanks for your input. k

I fully agree, finance and keep your cash......

 

[hozer]

Depends on your rate, but last year when I financed mine it was 1%

With inflation and rate hikes, that now is pretty much a wash. People throw 'free money' around, but debt that cheap really is assuming you don't just accumulate it endlessly

 

[MicMac]

I have the cash to pay for my BRONCO outright. So I think I will take my Bronco money to Vegas and put it on Red one time. Take the winnings to the dealer and pay in full with cash. Then I will invest the rest. Seems Like a Winner to me.

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