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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just pay cash.[/quote]+1[/quote] Question for pp who says "pay cash." Do you mean pay for the entire car outright? Why? What is the advantage other than no car payment? I also don't want to part with $25-$29k upfront (unless there is some great financial reason to do so that I'm overlooking). I would rather use extra cash for $529, investment opportunities and paying down my mortgage. [/quote] Not PP but the advantage is you save the financing costs: 1) ongoing interest rate - about 2%/year currently; 2) origination fees approximately another 2% upfront. If you can make better than 2.5% on your cash after tax (more like 4%-5% gross) you should take the financing (or if you don't have an emergency reserve). If you don't think you will consistently make that over the life of the loan then paying cash is better.[/quote]
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