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Posted on 1/4/22 at 3:51 pm to GhostofLesticleMiles
Why do you want to tie up your own cash to purchase a depreciating asset when the bank will let you use theirs for 2%? Use the banks money and then go make 20%+ in the market with your money.
Posted on 1/5/22 at 10:49 am to GhostofLesticleMiles
quote:
Why would you not just pay cash if you can instead of financing a personal vehicle that is a depreciating asset?
That car is going to depreciate no matter how you pay for it. Now, would you rather have your money sitting in a car that's losing value, instead of earning a return in the market, or would you rather have the banks money in that car?
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