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You pay for cars in cash? Why? My car loan is 2.5%..inflation is currently 8.x% (averaged 2-3% over the previous decade) and a typical annualized market retur
by quickthrowman 4y ago
You pay for cars in cash? Why?
My car loan is 2.5%..inflation is currently 8.x% (averaged 2-3% over the previous decade) and a typical annualized market return is 7-10%.
Dropping $30,000 of cash on a car is silly, don’t sell assets that generate a return to buy a car, which is a depreciating asset…
I understand not borrowing at 18-25% for consumer garbage, but financing at a low rate for a car is definitely a good idea.
- namdnay 4y agoBecause you shouldn’t be dropping 30k on a car.. for 10k you can get a car that will easily last another 10 years