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Message
re: somebody talk me out of this (car related)
Posted on 4/16/15 at 11:34 am to Creamer
Posted on 4/16/15 at 11:34 am to Creamer
Why not? 2% interest on 10K for, say, 24 months is all of ~$210. This won't dink your credit one damn bit, payment is prob ~$425. If you have no other debt, why wouldn't you borrow this modest amount and keep your cash on hand for other purposes?
Again, is it worth $210 in interest for the peace of mind of still having $10K on hand for emergencies, etc?
Repeat after me: not all debt is bad.
Again, is it worth $210 in interest for the peace of mind of still having $10K on hand for emergencies, etc?
Repeat after me: not all debt is bad.
2
Posted on 4/16/15 at 11:59 am to hungryone
For 2% I would try to finance the entire thing.
Posted on 4/16/15 at 12:59 pm to hungryone
quote:
Repeat after me: not all debt is bad.
This is the issue, I have never been in any sort of debt. I received schollarships and worked to save up enough to cover school.
Paying cash would still leave is with about a 12 month emergency fund. I know you all are right. I just cringe at the thought of a monthly payment.
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