re: Is it super dumb to finance a vehicle for 72 months?

quote:

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But if I can use my money all up front to pay for a 30K car, or I can use someone else's money at a rate less than inflation, why would I not at least consider it?

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Here is the limited situation - you have $30k in some liquid form that you can - seamlessly - write a check for the car you want.

IF under those circumstances, you finance the car and make the payments to keep that liquidity earning a greater rate than your APR? Yeah - you can finance in that very limited situation without hurting yourself.

I bet this applies to 5% or less of auto finance loans.