True or false: The best car payment is a $0 car payment.

The Radiant One

The Radiant One

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east said:
no i mean investing the money you would've otherwise spent on a bigger down payment/buying it outright
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This never made sense to me. If you invest you have to pay taxes a car is usually an expense you need. 40k of 5% is 2k a year guaranteed.
But you owe more on the car with interest rates you will pay like 6% on a car the economy is down so your investment will have to stay there for 7+ years.

The cash you have outright has a lot of value which is why cash is
 
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Conan

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The Radiant One said:
This never made sense to me. If you invest you have to pay taxes a car is usually an expense you need. 40k of 5% is 2k a year guaranteed.
But you owe more on the car with interest rates you will pay like 6% on a car the economy is down so your investment will have to stay there for 7+ years.

The cash you have outright has a lot of value which is why cash is
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An index fund that tracks the market usually averages 8.5%. And you don't pay taxes until you liquidate stock.
 
WetinBeDat

WetinBeDat

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Mike Nasty said:
What's dumb, the fact that it depreciates or that you have to take out a loan to acquire it? Both are an unfortunate fact of life. I'd love to hear your solution to avoid them.
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more so the latter; can't do much about the former. The solution is to live below your means
maxamusa said:
not all of us get to sleep on top a money mattress :mjcry:
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Take the transit till you get your mattress :mjcry:
 
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