Quote:
Originally Posted by ImportConvert
Afford=pay cash.
Finance=downpayment.
Financing is cheaper, when you weigh interest-rates against deflation and how long it would take to save $40K. With the low APR's you can get, why throw money away saving it and fighting inflation? Not only that, but you delay a cheaper gratification in favor of a more expensive one.
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Most interest rates right now won't beat inflation....if you you like 2%, maybe...
I think it's ok to finance, but putting down like 3-5k on a 40,000 dollar car is not enough...
I personally pay cash for everything I buy, but I'm kinda weird like that.