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re: Is it super dumb to finance a vehicle for 72 months?
Posted on 3/4/17 at 12:54 pm to barry
Posted on 3/4/17 at 12:54 pm to barry
quote:
Why would you want to have cash tied up in a depreciating asset
Doesn't matter whether it depreciates. What matters is the interest rate. So long as the rate is less than 2% (the long-term rate of inflation), stretch that baby out as long as you can.
The only way depreciation matters is if you total the car when it is less valuable than the loan balance.
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