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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Buying car with cash is crazy unless you have milions. Take a loan, when in need of money dip into savings.[/quote]

Having car payments is crazy from my perspective.  I have never, ever paid anything but cash for any of my cars.  And I never will.  Stupid to pay monthly on anything but a home and utilities.[/quote]

Stupid or smart investment? Let's say you have 20k in cash. If the dealership is offering 0% financing, or your local credit union is offering car loans at 1-3% interest AND you have invest options with a 6+% return, then you're just throwing away 3-6%*20k by putting all the cash down now on a car, rather than investing it. It's not chump change. Now OP doesn't have the liquidity for an extra $200-300/month for car payments, so not an option really, but if you do have the wiggle room, why not give up the short term wiggle room in your budget for the long term return on investment? I mean, all you have to do is give up the equivalent of a weekly take out for the family to come up with the difference. [/quote]

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