Have our cars appreciated much? I got mine in January for like 38 and have put quite a bit into it to get it perfect.

 

even if you can pay cash for it ,if you can low interest rate .... go with that, use that money and do something else it and make money it.

 

Just joined "Voices for America's Troops" feeling like a very fine patriot. USA!

 

if i lose my job i dont worry about making payments on toys. everything i own is paid for, including my house. just my .02

 

My job went south when I was 48=nothing to be found in my field atleast for a 50 year old lol and what was there didnt pay.I moved to a rural area if I had stayed in Delaware it would have been easier.Non the less things were paid off as 32Krazy recommends and I couldnt agree more I just said screw it and retired.

 

Well Richie Rich that's great to hear. We're all happy for you. Really

But us 99%ers do not have the luxury of paying off everything we own up front. Some of us perfer liquidity.

As long as you make smart choices and keep enough reserves, losing your job will not make you homeless and car less lol.

Especially at 1.5% damn! I thought my 2.8% from my local credit union was good.

 

Thank you!

 

exactly .. just becuase ones doesnt choose to pay for it cash , doesnt mean he cant... he just chooses not to ...

always have a plan a, plan b, and plan c,

 

i will agree to disagree. i live my life the way i choose and you live yours. fwiw im not richie rich but i am very comfortable. it took a life time of hard work and denial of things i couldnt afford then to be were i am today

 

That's a good game plan and I believe you should be proud of it,, I followed the same plan..

 

Its true buying what you can afford is the key and learning to save for a rainy day lol.

 

A car depreciates whether you paid cash or financed it. I can't fault someone for paying cash for a large purchase as long as they aren't using all their cash and left with little in reserves. It is a very safe way to manage your finances and will rarely leave you in trouble.

However, if one is a little more willing to take on risk they can finance a large purchase and have more cash on had to invest and hopefully make more money than they are paying in interest.

I'm young so I have the time to afford to take a little risk in hopes of greater reward. The bottom line is as long as someone still keeps a safety net of cash around both options work.

 

No doubt being younger allows more room for riskier investments and they can pay off but as you get older most people take less chances= I like hard assets metals/land and ng.Most people on here seem very smart and Im sure they know more then myself lol.

 

I used Amerfirst credit union. Their rates are really good!

 

To each their own but if I can get a loan for 2% and invest my cash at 6%, that seems like a much wiser decision...