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Posted on 12/4/12 at 9:56 pm to OTIS2
I drive a used car paid for in cash also, but I don't think there is anything wrong with financing a car as long as you could easily liquidate something and pay it off if the need arose without digging into a retirement acct or something like that.
For example If I have 50k to spend on a car why should I pay cash when I can finance it out over 5 years and put that 50k to work with a reasonable amount of risk in something I can easily liquidate as the need arises.
For example If I have 50k to spend on a car why should I pay cash when I can finance it out over 5 years and put that 50k to work with a reasonable amount of risk in something I can easily liquidate as the need arises.
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