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re: What’s your car payment?
Posted on 2/27/19 at 7:53 pm to LSUbase13
Posted on 2/27/19 at 7:53 pm to LSUbase13
quote:
This. If you can get a really low interest rate, why would you fork out a hefty sum of money when you can pay it off in 3-5 years ? Save that cash to invest or for an emergency. Am I wrong in thinking this way?
Pay cash for it...you're not factoring in RISK. My goal in life is to be debt free. There's really no stress if you only have a house note.
2
Posted on 2/27/19 at 8:00 pm to Supermoto Tiger
quote:
Pay cash for it...you're not factoring in RISK.
Market risk is not the only risk involved in either decision.
If your interest is running below inflation, financing is very attractive.
Posted on 2/27/19 at 8:04 pm to Supermoto Tiger
quote:
you're not factoring in RISK
It's much riskier to have all your money sunk into an item that you might wrap around a telephone pole at any time. What's the risk of a loan? Bad credit if you fail to pay? Then what.... you are back to paying for everything in cash??? So worst case scenario, you are forced to do something you are advocating to do?
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