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I don't understand why people are so against financing. Sure, buying a new car isn't wise, but even now with 5-6% interest rates you're likely still coming out
by rhinoceraptor 4y ago
I don't understand why people are so against financing. Sure, buying a new car isn't wise, but even now with 5-6% interest rates you're likely still coming out ahead if you finance a car and invest the rest.
It's like a credit card. They are easily misused, but there's not really a downside if you use them responsibly.
- danrocks 4y agoAnybody able to beat the interest rate on the car loan plus depreciation rate consistently year over year should probably start their own hedge fund.