entropy
Well-Known Member
- Joined
- Sep 19, 2018
- Threads
- 83
- Messages
- 4,318
- Reaction score
- 7,445
- Location
- Foothills of the San Gabriels
- Vehicle(s)
- Jeep Wrangler Sport S JL 2-D
- Build Thread
- Link
- Occupation
- Professional dancer/male stripper
With interests rates as high as now dont buy a car unless you have to. If you do. Pay cash.
When interests drops. Get a cheap loan and invest the cash.
paying cash or financing WHEN you have the cash available are both fine. With financing + investing almost always being the best choice. You are not getting into debt.
Buying a car you don't have the cash for, you are throwing money away and getting into debt.
If you can pay the loan over 3~5 years or whatever you get. Then you can save that money instead and buy what you want later and invest the cash. Or at least take a small loan. With this inflation though saving could cost you more than loan interest rates lol, so save it into an investment such as an ETF that tracks the S&P500.
At the end of the day it is your choice though and if you really want that Jeep and don't mind getting into debt and throwing a couple thousand on interest. If that's worth to you, then do it. YOLO.
When interests drops. Get a cheap loan and invest the cash.
paying cash or financing WHEN you have the cash available are both fine. With financing + investing almost always being the best choice. You are not getting into debt.
Buying a car you don't have the cash for, you are throwing money away and getting into debt.
If you can pay the loan over 3~5 years or whatever you get. Then you can save that money instead and buy what you want later and invest the cash. Or at least take a small loan. With this inflation though saving could cost you more than loan interest rates lol, so save it into an investment such as an ETF that tracks the S&P500.
At the end of the day it is your choice though and if you really want that Jeep and don't mind getting into debt and throwing a couple thousand on interest. If that's worth to you, then do it. YOLO.
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