- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Buying a New Truck.
Posted on 10/12/15 at 4:53 pm to LSU_Saints_Hornets
Posted on 10/12/15 at 4:53 pm to LSU_Saints_Hornets
quote:
Zero percent seems ridiculous to me. Why would I want to pay nearly a $1k a month on a vehicle?
You are going to pay x amount of dollars for the vehicle whether you put a large down payment or none. People are saying this because money is so cheap right now, meaning you can get a really low interest rate. So if you kept your 17k, put it in an index fund you could make more than the interest rate.
The catch is you can never lower your payments, so just be able to handle those payments. To counter that issues though, if you run into a problem and have that 17k in a fairly liquid asset you could have 17 $1000 dollar truck payments on hand if you ever get in a bind.
This post was edited on 10/12/15 at 4:55 pm
1
Posted on 10/12/15 at 7:04 pm to barry
quote:
The catch is you can never lower your payments, so just be able to handle those payments. To counter that issues though, if you run into a problem and have that 17k in a fairly liquid asset you could have 17 $1000 dollar truck payments on hand if you ever get in a bind.
This is why it's much better to just take the higher monthly payment if you can get a sub 3% rate. They won't care if your note is $400 or $600 if you suddenly can't make the payments. By keeping the cash, you buy yourself a lot of time.
Ford is doing 0%/72 on many of their vehicles right now if you're considering an F150.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News