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Galenahokie

Joined: 11/10/2003 Posts: 2384
Likes: 662


Depends on the interest rate on your car loan. I had always paid cash for


my cars but when VW offered 0% financing, I financed the car and left the money I would have paid in the market, which was up over 100% during the life of the loan. My rule of thumb would be finance if the interest rate is less than 6%, cash if it's more. However, I also drive my cars until they're worn out.

(In response to this post by accfootballrules)

Posted: 02/08/2022 at 08:23AM



+1

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Current Thread:
 
  
Question…. -- accfootballrules 02/08/2022 02:01AM
  These days, 73k miles is just a baby -- Tafkam Hokie 02/08/2022 08:52AM
  ^^^this^^^ ** -- HOKIERIT 02/08/2022 10:54AM
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  Love the one you're with ** -- Tuckahokie 02/08/2022 07:45AM
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  It’s a terrible time to buy ** -- HokieJamie 02/08/2022 08:46AM

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