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Allow me to clarify.
I am not talking about taking the $5k or $10k that you would have put as a down payment and putting that money into an investment vehicle. My comment was for VERY large down payments ($40k+) or for people that pay for an entire car upfront (like handing over an $80k check to BMW for an M3).
You are right in that the $5k-$10k will basically be spent on other stuff over time if you don't put it into a down payment, BUT for the people that have $40k, $80k, or more ready to throw down on a car, that money probably isn't going anywhere fast so they should think twice about having their money work for them. And for those of us that have enough to pay off a car in it's entirety, they are probably wise enough to understand how smart investments work and should have no problem navigating. Ignorance to smart personal finance should not mean go buy a car in full.
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