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Often you can get no interest loans for new cars. In that case, it is cheaper to invest the cash and pay off the loan with less valuable money over the next few
by trynumber9 6y ago
Often you can get no interest loans for new cars. In that case, it is cheaper to invest the cash and pay off the loan with less valuable money over the next few years.
Of course the car is still depreciating rapidly so I question the wisdom of buying a current year car at all. But it is comforting to have a newer car covered by warranty.
- pokot0 6y agoYes, I agree with you. Specifically is the idea of considering the car a monthly cost instead of a capital investment is all in favour of financial and car companies. You will get a new model if your monthly cost does not change. In my experience, all of my cars were a great value if you own and hold onto them for 10 yrs or more (the first 10 years cars need almost 0 maintenance)