the smart financial thing would be to not spend $47k on a car to begin with, but all these people pounding their chests that they only pay cash when you could get a 2% loan over 6 years and KEEP your cash and probably make a minimum 7% are disregarding math. These threads are on every auto forum. Paying cash is an emotional decision and has no financial merit unless interest rates are high . I will always take low or no down payment loan and keep my cash and if I decide to pay early, I can. I paid off my 2020 STi in a couple of years and paid almost no interest. It still wasn’t a smart financial decision but emotion got the best of me and I wanted to get the Bronco and not have 2 car payments but at the end of the day, 2 car payments with the cash in investments and not tied up in cars would still be the better financial move.You don't save up. You get out of debt and become your own bank. You have the money because you are not paying on a house, car, credit cards, etc. You pay yourself, not the bank or credit cards, bank, etc. To borrow money to invest is nuts. I'm not pointing, but trying to get folks to see the errors of looking at loans as a way out.
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