10-10-2010, 08:46 AM
|
#1 (permalink)
|
|
A True Z Fanatic
Join Date: Dec 2009
Location: NY
Age: 37
Posts: 9,192
Drives: Z32TT & 335xi Coupe
Rep Power: 38
|
Quote:
Originally Posted by DanGizinski
Most interest rates right now won't beat inflation....if you you like 2%, maybe...
I think it's ok to finance, but putting down like 3-5k on a 40,000 dollar car is not enough...
I personally pay cash for everything I buy, but I'm kinda weird like that.
|
 interest rates are so low, that unless you would otherwise have the cash you would put into your Z wisely invested (and lets face it a lot of people are just staying in cash right now because of the volatility in the market), you're not going to be earning much on it. The idea of holding onto the cash and eaerning <1% on it in a savings account and taking on a loan for 4%-5%+ doesn't seem to make financial sense.
|
|
|
447Likes
Hybrid Mode
