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re: What's a smart down payment for a $25-$30k vehicle?
Posted on 4/1/11 at 3:33 pm to I Love Bama
Posted on 4/1/11 at 3:33 pm to I Love Bama
quote:
I only finance things that go up in value.
Doesn't it really depend on the interest rate, and what that $30k could be doing elsewhere? Why throw $30k straight into a vehicle where it's guaranteed to lose value, and fast?
2
Posted on 4/1/11 at 3:37 pm to Korkstand
quote:
Why throw $30k straight into a vehicle where it's guaranteed to lose value, and fast?
The vehicle will do this whether you're paying interest on it or not
Posted on 4/1/11 at 8:39 pm to Korkstand
I suggest a really good used vehicle for around $15k or less, pay it off as quickly as you can...there is no advantage to having a car note...you can't write off the interest and it depreciates everyday
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