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wilsonp · 04-16-2011, 02:29 PM

But over five years you had to spend $621.16 a month to make $2385.58, or about $40/month.

I'd rather have the $621.16 a month.

If you put the $35000 in a savings account at 2.5% (where can I get one?) and withdrew the $621.16 a month to pay the loan, I don't think you'd be making as much - would you even be ahead?

Added:
While I haven't use the 12C in a while (or ever, I was a TVM on the 41CX person), it looks to me like you'd have made 0.15 in your savings account at the end of five years.

If I save the $621.16 over the next five years, I end up with the same net worth, but with the flexibility of spending on something else some month's if necessary (tires?). Along the way, I bet my net worth is simlar as well.

04-16-2011, 02:29 PM	#101 (permalink)
wilsonp A True Z Fanatic Join Date: Jul 2010 Location: Virginia Posts: 1,134 Drives: 2009 Touring Sp Nav Rep Power: 17	But over five years you had to spend $621.16 a month to make $2385.58, or about $40/month. I'd rather have the $621.16 a month. If you put the $35000 in a savings account at 2.5% (where can I get one?) and withdrew the $621.16 a month to pay the loan, I don't think you'd be making as much - would you even be ahead? Added: While I haven't use the 12C in a while (or ever, I was a TVM on the 41CX person), it looks to me like you'd have made 0.15 in your savings account at the end of five years. If I save the $621.16 over the next five years, I end up with the same net worth, but with the flexibility of spending on something else some month's if necessary (tires?). Along the way, I bet my net worth is simlar as well. __________________ 2014 Cayman S PDK Sport Chrono White/Black Was 2009 370Z Touring Sport+Nav 7AT Metallic Black/Persimmon Was 1991 NSX Auto Black/Black Last edited by wilsonp; 04-16-2011 at 02:41 PM.