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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
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#16 (permalink) |
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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. |
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