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Reply to "Car financing basics. How much money to put down?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As long as borrowing costs are below inflation there is absolutely no reason not to finance the full price of the car.[/quote] Assuming your wages go up [/quote] No true. Your wages don't need to go up for the previous statement to be correct. Even if your wages are fixed, you are paying the loan in dollars that are worth less in the future and are able to use today's dollars to buy other things. Of course, you could also invest the money in something safe like US t-bils and still earn more than the interest rate on most car loans. Basically there is no argument against financing unless all you understand about finance is what Dave Ramsay told you[/quote]
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