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Message
re: In need of financing advice on new car purchase
Posted on 9/26/23 at 9:54 pm to ChairmanOfThisBoard
Posted on 9/26/23 at 9:54 pm to ChairmanOfThisBoard
If you have a job just finance it and put all your savings toward your car. Use your savings to build interest. That is what I did
0
Posted on 9/26/23 at 10:36 pm to ChairmanOfThisBoard
Check for rebates which may be tied to financing (common). If there is a decent rebate, finance thru dealer to get that then pay off loan after 2-4 months. Check any restrictions on prepayment tho to make sure that plan works
Posted on 9/26/23 at 10:41 pm to XenScott
quote:
If you borrow, borrow against one of your assets. You will pay interest but to yourself. Do you have a whole life policy?
Who downvotes this? You can be a dumb drone like the banks want you to be or you can self bank and pay yourself interest.
[link=( If you borrow, borrow against one of your assets. You will pay interest but to yourself. Do you have a whole life policy?)]LINK[/link]
Posted on 9/27/23 at 6:51 am to XenScott
Posted on 9/27/23 at 1:37 pm to ChairmanOfThisBoard
Mazda CX-90 - .9% for 36mo
Posted on 9/27/23 at 2:09 pm to ChairmanOfThisBoard
Some captive lenders are financing at 1.9% for 36 months. You may want to go that route. What car are you looking at?
Posted on 9/27/23 at 3:11 pm to ChairmanOfThisBoard
Pay cash. Act like you have a note and pay yourself back over the term.
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