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Money and Finances
Reply to "Is it ever a good idea to pay full price for a car up front?"
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[quote=Anonymous][quote=Anonymous]Another vote for cash, and avoiding loans on a depreciating asset. In this interest rate environment, even more so. I could see a loan when rates are 0-2%. But it would still be a depreciating asset and would be underwater the minute you drive off the lot. The older I get, the more I think mostly poor people get car loans. And way too many people are making themselves poor by overspending on cars. [/quote] For the love of god please stop typing "depreciating asset"! A car in this context isn't an investment so the comment makes zero sense. There are reasons to and not to get a loan or pay cash. None of them have anything to do with whether a car depreciates.[/quote]
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