Reply to What’s your monthly car payment?

Forum Index » Money and Finances

Reply to "What’s your monthly car payment?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]The last post is ridiculous.   I have about $5M in retirement and non-retirement accounts.  I financed about 15K on a new car for 5 years at 1.9%.  I could have paid cash.  Am I really living beyond my means?  Give me a f'ing break.[/quote]

You're paying more than you needed to pay. [b]You're giving money away for no good reason.[/b] You're not living beyond your means, and[b] if it makes you feel good to put extra money in the financier's pocket[/b], go for it. But [b]it's money you could have invested; over time, it would have been even more money[/b]. Why did you waste it?[/quote]

It seems like you've read posts on here and internalized them without actually understanding the argument the posters were making.  By [i]keeping [/i]the cash and financing the vehicle, PP had more money available to invest.  If he had paid cash for the car as you are advocating, he would have had 15k less in the market.  The difference between the market returns (25% in 2017) and 1.9% mean that he made the correct decision.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics