Reply to How much are you paying for your car?

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[quote=Anonymous][quote=Anonymous]I typically pay cash and am generally against car loans. However, I would absolutely take 0% for 60 months over paying cash. [/quote]

+1. I think that if you are otherwise pretty liquid, the arguments against taking the 0% financing make little sense. I haven’t bought a new car in forever but will be doing so in the next few years. I’ll probably pay cash unless there’s a 0% financing offer (and assuming the cost of the car is not higher than it otherwise would be to make buying in cash still the better choice). My money market yield right now is 1.5%. And interest rates are rising. I would certainly rather just take the 0% financing and pay the monthly installments out of my MMA where the cash is accruing interest. In a year or so, we may see rates at around 3% or higher. There’s a lot of talk about inflation right now which means locking down a 0% loan is definitely the smarter move. Again tho, if you live closer to the knife’s edge, do what makes you more comfortable. [/quote]

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