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re: I can’t help but think a lot of people driving newer cars with upside down loans

Posted on 5/9/24 at 5:46 am to
Posted by solus
Member since Dec 2019
3532 posts
Posted on 5/9/24 at 5:46 am to
Only a dummy would buy a brand new car if you taking out a loan without putting a significant amount down
This post was edited on 5/9/24 at 5:50 am
Posted by VetteGuy
Member since Feb 2008
28706 posts
Posted on 5/9/24 at 6:49 am to
Or, finance for 2.9 with nothing down, let your cash earn 5.5.

Depends on the vehicle and what rate you can get. Sometimes it makes better sense to pay cash, and be done with it.



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