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.
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^--- 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.