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re: House note vs car note

Posted on 2/28/21 at 5:46 pm to
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3815 posts
Posted on 2/28/21 at 5:46 pm to
There’s a lot of potential questions with this plan.

Is the vehicle ~$80k?

What’s that $80k payoff do to your savings?

Why not get the car at 0% financing and continue as-is, knowing you have the savings to cover any expenses/notes/etc.? Both rates are low. Basically, why is this a trade-off question?

And ultimately, as the other poster mentioned, if this is her idea, and it makes financial sense in terms of savings/payoff and it’s just a matter of this vs that, GO WITH HER PLAN.
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