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re: thoughts on down payment for new car
Posted on 12/4/12 at 9:56 pm to OTIS2
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.
Posted on 12/4/12 at 10:02 pm to jso0003
I think the intelligent use of credit is such a rare quality nowadays.
You either see the folks who abuse it and become swamped by debt, or the ones who are zealously over conservative and refuse to use anything other than cash.
Especially now, with as low rates are...
You either see the folks who abuse it and become swamped by debt, or the ones who are zealously over conservative and refuse to use anything other than cash.
Especially now, with as low rates are...
Posted on 12/4/12 at 10:05 pm to jso0003
Rates are cheap, but I can't see paying interest to acquire a depreciating asset, if it is avoidable.
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