04-11-2011, 05:07 PM
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#11 (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
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Quote:
Originally Posted by dAvenue
Not everyone falls in the same boat of needing to earn good credit. For those of us with excellent credit, it makes more financial sense to pay in cash and not throw money away on interest.
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Not about earning credit. It's about earning money.
How do you think banks make money? They borrow it from you and pay you whatever..1-4% interest, depending on whether it's in your checking, savings, CD, etc... Then they loan it back out at a higher rate, or actually buy investments with larger returns.
I'd rather have 35k invested and making me money than a title to a depreciating asset.
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