Quote:
Originally Posted by ImportConvert
Nope, your financed amount of $35K will never go up. You will just pay it off with worthless money at the same rate as before. Complete protection from inflation on that purchase, and the bank eats it.
|
It does not protect you from inflation. The bank "eating" it does not make much sense at all because it begs the question "why are they even in the business of loaning money?" if all they do is take losses. If you mean the principle of which you financed is locked-in and will never go up, that is true only on a 0% interest loan. Good luck finding one of them for a Z!