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Cars and Transportation
Reply to "Finance or Pay Cash in this market?"
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[quote=Anonymous][quote=Anonymous]My philosophy with cars is always to get the longest possible loan. I pay it off if I want to, but I am keeping the loan on the car i bought in December 2021. It is at a 2.5% rate, so well below inflation. In a high-inflation environment, fixed-rate debt is not bad.[/quote] OP here. Thank you, this is exactly what I was looking for in an answer. This feels right for me. Even though I have the cash, take the longest loan possible and put my money to work at a higher interest rate. Thank you again.[/quote]
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