Need some financial advice please?

Red__Zed · 09-22-2010, 06:03 PM

I personally try to pay cash for any vehicles I buy. They are a depreciating asset, and you lose a large chunk of the value driving off the lot.

I would try to make as large of a down payment as possible. Avoids paying interest, and you spend less time upside down on the car.

SkyZ · 09-22-2010, 07:44 PM

Quote:

Originally Posted by DanGizinski

I personally try to pay cash for any vehicles I buy. They are a depreciating asset, and you lose a large chunk of the value driving off the lot.

I would try to make as large of a down payment as possible. Avoids paying interest, and you spend less time upside down on the car.

i agree, cash. all up front. no need to pay interest, and all future earnings dont have to be nickel and dimed away from various car payments, mortgages, payment on that sofa you just bought, and so on. If u spend all of 2morros money today what are you going to spend 2morro?

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09-22-2010, 06:03 PM	#1 (permalink)
Red__Zed A True Z Fanatic Join Date: Jul 2010 Location: window seat Posts: 28,940 Drives: Mostly on two wheels Rep Power: 122	I personally try to pay cash for any vehicles I buy. They are a depreciating asset, and you lose a large chunk of the value driving off the lot. I would try to make as large of a down payment as possible. Avoids paying interest, and you spend less time upside down on the car.