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Money and Finances
Reply to "Buying a car with cash"
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[quote=Anonymous][quote=Anonymous][quote]I grew up in a family of mechanics. Trust me, it's all downhill with your current car. You should have had A LOT of maintenance completed at 150k miles. On top of that, have you had your suspension replaced? Is your rear valve cover losing oil yet? Stab links still strong? CV boots not torn? Transmission flushed? [/quote] Oh, trust me, I've put thousands in this car. I try not to think about it. All of the things you're talking about sound quite familiar. But it's diesel stick and at this point, I think everything else will fall apart before the engine goes. [quote]Credit Unions are offering 1-3% on car loans. Why would you pay for a car in cash under these circumstances? [/quote] As I mentioned, it's because I don't have enough slack in my budget to make a payment. 0 percent interest isn't really relevant if you don't have the extra $200 or $300 or whatever to pay each month. (I'm not trying to argue, just answering your question) [/quote] You make the monthly payment out of savings. A few of us have said that. Perhaps you didn't read that earlier. [/quote]
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