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BMW M2 Forum > Pricing / Ordering / European Delivery / PCD > Bank or credit union with lowest rates

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      08-06-2018, 11:03 AM   #23
MartyE12345
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Originally Posted by nomoracin View Post
I'm a big wuss when it comes to investing. I'd rather pay down a known interest rather take a chance on potential interest. I get it, most people average 5-10% investing, but you could also lose it all as well.
The same bank that just offered me 1.74% for 84months has a cd at 2.9ish%
I believe. It doesn’t make any sense to me why anyone would put down a penny more than they had to, it’s almost free money. I don’t often do cds, I will invest in stocks but you can be gaining somewhere in the 1.2% range with zero risk whatsoever. Make that money work for you.
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      08-10-2018, 11:09 AM   #24
AlpsRider
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Originally Posted by MartyE12345 View Post
The same bank that just offered me 1.74% for 84months has a cd at 2.9ish%
I believe. It doesn’t make any sense to me why anyone would put down a penny more than they had to, it’s almost free money. I don’t often do cds, I will invest in stocks but you can be gaining somewhere in the 1.2% range with zero risk whatsoever. Make that money work for you.
In principle I agree with your philosophy. However if you only keep the car for 4 years and pay it off early to buy a different car then your actual interest rate for the loan would likely be much higher. Car loans are usually amortized which forces you to pay a larger percentage of the interest at the beginning of the loan.
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