How much did you put down on your Z

shadow2k · 03-22-2011, 02:20 AM

I put down 6k just so I wouldn't be upside down in it at any point. I'd never pay cash for a car when I can get interest rates that are lower than what I can make in investments. Pentagon Federal has 3% new auto loans, and Navy Federal has 2%! Come on now...if someone offered to loan me thousands of dollars at 2-3%, I'd take it regardless of whether I needed it or not.

If you can't make 3% on your investments, then yes...you should pay cash.

igotcabada · 03-22-2011, 09:21 AM

Quote:

Originally Posted by shadow2k

I put down 6k just so I wouldn't be upside down in it at any point. I'd never pay cash for a car when I can get interest rates that are lower than what I can make in investments. Pentagon Federal has 3% new auto loans, and Navy Federal has 2%! Come on now...if someone offered to loan me thousands of dollars at 2-3%, I'd take it regardless of whether I needed it or not.

If you can't make 3% on your investments, then yes...you should pay cash.

^--- This.

I put 7500 down. I'm paying 3% on my loan, although gains aren't as good as they once were, I'm surely getting more than 3% on the 28k that I would have put on my car.

03-22-2011, 02:20 AM	#1 (permalink)
shadow2k Base Member Join Date: Jul 2009 Location: Overland Park, Kansas Posts: 143 Drives: 09 PG 370z 6MT Rep Power: 17	I put down 6k just so I wouldn't be upside down in it at any point. I'd never pay cash for a car when I can get interest rates that are lower than what I can make in investments. Pentagon Federal has 3% new auto loans, and Navy Federal has 2%! Come on now...if someone offered to loan me thousands of dollars at 2-3%, I'd take it regardless of whether I needed it or not. If you can't make 3% on your investments, then yes...you should pay cash.