Quote:
Originally Posted by Ali Shiralian
You have to be smart with money. If you have 80k and want to buy a car which is worth 80K and you want to pay cash for it sounds ridiculous to me. You can put a down payment and enjoy the .99% or any low interest loan and invest the rest in stocks which pays somewhere around 18%. This way you're enjoying the cheap money from the finance company, have the car and the rest of your money is making money at the same time. Win win imo
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Essentially what I said above. Bingo. Keeping that $80k working for you while you enjoy a low interest loan is a better option. Again it has to be within your means to do so. I’m not cashing out a portion of my 401k for a car, ever.