Quote:
Originally Posted by zstokes
I was pretty proud of myself for buying this car in cash. Plopping all that down with a payment on top is a little unjustifiable at the moment, no matter how strong the want is.
I do take the Econ points, though.
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Almost always better to not buy fully in cash and keep that money invested. Pretty easy to make more than a 3-4% interest rate with just about any sound investment out there.
Ex. I put $30k down on my M2C, the other $30k I kept invested and doubled it in a matter of 6 months.