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Except for the part where $0 down, 0% interest loan make people go for the 40k car they don't need instead of the 25k one.
by stefan_ 6y ago
Except for the part where $0 down, 0% interest loan make people go for the 40k car they don't need instead of the 25k one.
- mywittyname 6y agoThat's really neither here nor there. The discussion was more about transforming, "save up and pay cash" to "save up and get a loan anyway because interest is so cheap." I picked $40k because that's roughly the median price of a new car. Whether your going for a $25k car, or a $125k car, the advice is the same: get a low-interest loan.