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re: Dave Ramsey's advice to pay off a car loan, rather than invest
Posted on 1/15/20 at 10:17 am to RidiculousHype
Posted on 1/15/20 at 10:17 am to RidiculousHype
quote:I'm with Ramsey on the car note.
Dave Ramsey's advice to pay off a car loan, rather than invest
House notes (at least up to deductibility limits) are a different animal though. Lower home loan rates plus tax deductibility significantly shift the argument toward not paying off the loan.
2
Posted on 1/15/20 at 10:24 am to NC_Tigah
quote:
I'm with Ramsey on the car note.
If you could borrow at 4% on a car loan and invest and earn 8% in the market, why would you not take advantage of that spread?
Posted on 1/15/20 at 12:00 pm to NC_Tigah
quote:
House notes (at least up to deductibility limits) are a different animal though. Lower home loan rates plus tax deductibility significantly shift the argument toward not paying off the loan.
The math has changed a lot with tax reform and continued low interest rates. This isn't the slam dunk it once was.
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