Getting a new car. Have the cash, but got approved for a 36 mo loan @ 1.49%. I assume I should take the (nearly free) money?

like
Posting as :
works at
You are currently posting as works at

Mathematically probably yes, but psychologically I personally feel better if more $ of my pay check is going to investments/savings versus a car loan for next 3-5 years.

Another thing you could do to get best of both worlds is put 50% (or whatever gets you a reasonable payment) and take a 1 year loan for the remainder. That way you’re done with loan payments in a year but also don’t fork over all your cash upfront.

Yeah depreciation is a bad reason not to finance a car. If anything it’s a reason not to buy a car with cash, because it means you are putting that cash into a depreciating asset when you could have put it in an appreciating asset (the market). By financing, you keep your money in the market and let some other sucker (the bank) take exposure to the depreciating asset as collateral. They aren’t a total sucker and will charge you interest to do so. But the manufacturers are having enough trouble with sales right now that they’re willing to subsidize that down to a very low rate in order to juice sales.

Not bad. Take it. I'd ideally go for 0% if you are buying a new car but I know not every manufacturer offers that. Negotiate as hard as you can go bring the price down.

I’d take the financing, gives you extra immediate liquidity or investment opps

Also, check the Loan, but you should be able to pre pay anytime if you find you aren’t doing anything productive with the cash

Related Posts

Best brokerages for a Roth IRA and potentially stock trading? Have Fidelity through my 401k but considering diversifying my holdings with Vanguard but open to other recommendations

likehelpful

I have +100k cash and don't know how/where to invest it. I bought a few stocks and it went so down (-80%) so it discouraged me. Do you think I should hire a financial advisor? Thanks you for your help. I really need a genuine advice

likefunny

Can I contribute to my 2022 IRA now? Or do I have to wait until 1/1?

like

Is PwC the only firm that pays their staffs student loans? I know it’s limited to $1,200 at PwC. I saw GT had a lifestyle savings account and it looks like you can use that to pay for student loans is that correct?

like

Might be a hypocrite for doing this, but anyone else spend crazy amounts of money going out on the weekends because you know you don't spend anything during the work week?

like

I’m here fishes!!!! Tell me how to make money. $$$$

like

Anyone know a good fee based financial planner - will charge a few hundred dollars to do a review of portfolio, cash flow and financial situation and make some recommendations? I am already aware of the industry sites like Napfa etc…

like

off topic question.
peoe buying lands on moon but who is authorised to sell land on moon as its no country's property. is it a scam.

like

How do you invest in gold/silver? Is there a ticker you can buy?

like

What is LOI in amex?

like

Anyone know of a good newsletter to send out to prospects that you know have money and an advisor? Just want to drip on them...it would have to be regular mail too.

like

What stocks are you surprised have held up relatively well during this sell off? For me MDB, DDOG, and of course GME

like

What should be the approx in hand?
CTC: 14lpa
Fixed: 12.8lpa, Variable: 1.2lpa
80c: 1.5L
Std Deduction: 50K

Apart from this, also let me know how else I can save tax.
Thanks a ton 🙏

like

Has anybody tried investing in ibonds as an F1 or H1B holder? Curious if that's allowed and legal.

like

What do you check for when you go to view your properties in advance?

like

Question for investor 🐠: Do you use separate brokers for your retirement accounts vs. trading individual stocks? Or do you use one platform? If so, which?

like

Google do you get a corporate credit card to use? Is it an Amex or Visa?

like

Hello Everyone,

I have got an job offer but my car lease is on going....what are the options I have?

like

Anyone buying a place during Covid times in Denver? How's it going?

like

More Posts

Can any one help me to understand. Last month salary hold process in Cognizant.
If my last working day is 15-june then they hold salary for June or may+15days of June?

like

Has salary been credited in your account

like

What does the day of a functional consultant look like from start of a project to the end!

like

Anyone find it funny Taleb is out on bitcoin when Bitcoin is Antifragile and it’s creation was a Black Swan event? Idk trying not to be Fooled by Randomness

like

Hi fishes, will infosys terminate during probation if our performance is not upto the mark or if they are not satisfied with our performance

What junk foods are getting you through these strange and unprecedented times

like

Anybody exited to GS Controllers? What is that like?

like

Does Natwest revise the offered ctc if we show then counter offer.

like

Does anyone know what a fair salary is for a Technical Project Manager with 4 YOE, MBA, Lean Six Sigma Green Belt & PMI-ACP certifications?

like

Have not been diligent in filing H1 work location amendments? Implications?

like

I Have interviewed on TCS , i have cleared the technical round, i was asked to upload documents that too is verified by HR and gor call regarding salary discussion and sent me salary structure acceptance for releasing offer, my status in iBegin is "Evaluation in Process" its almost 10 days not recieved offer letter till yet. When i contacted HR he is saying your offer letter is only pending for 2 approval, he said u will receive it by eod , but i haven't So worried does it take this much time🤞

like

Hello Friends, What is Grade 6 in GSK and what it translates to Market roles like Manager or Sr Manager or Associate Director. What will be the base package for Grade 6 for Cloud Solutions Architect

like

What relocation assistance did your firm provide when you relocated to another office? (For international transfers)

like

Hi Friends, do we have any social events happening in Chicago where we can meet and make new friends

like

I’m a first year associate and perpetually concerned I’m going to get fired bc I feel like my work product isn’t at the level it should be. Does anyone have an idea of how easy/ hard it is to get fired?

like

3rd Presidential Debate Thread

like

How accurate are your instincts about interview outcome after discussion with hiring manager?
Is it same or different in case of face to face and telephonic interviews?
How do you gauge it?

like

This is a 3 part post. So the rest will be in the comments.

Post Photo
like

My I140 will not be approved before my max out date. Is it in my best interest to apply for H4 EAD or go on a leave until my I140 is approved? Can h4EAD and my I140 application happen in parallel?

like

Anyone else completely give up on a dress code in office? See some teams come in straight casual. My mini rebellion is wearing sneakers instead of regular dress shoes

like

Additional Posts in Personal Investment Chatter

Best brokerages for a Roth IRA and potentially stock trading? Have Fidelity through my 401k but considering diversifying my holdings with Vanguard but open to other recommendations

likehelpful

I have +100k cash and don't know how/where to invest it. I bought a few stocks and it went so down (-80%) so it discouraged me. Do you think I should hire a financial advisor? Thanks you for your help. I really need a genuine advice

likefunny

Can I contribute to my 2022 IRA now? Or do I have to wait until 1/1?

like

What does this mean? Should I not sell?

Post Photo
like

I’m here fishes!!!! Tell me how to make money. $$$$

like

Trying to decide if I should buy whole life insurance or not - searched a few post and found the sentiment is overwhelmingly negative. Would love to learn more about why is it a best choice. My situation: M ~35 yr old with one young kid. About 500K in assets and expect to build 100-150k more each year (home equity, 401k, 529, cash, and some index funds). I’m generally risk averse and thought whole life insurance is an alternative “fixed income” investments - am I competing mislead by the agent?

like

Can we invest the full amount of money in our HSA? Or do we need to keep a certain minimum in the account? Thank you.

like

Do employer contributions to HSA count towards annual maximum?

like

In what proportion do you typically allocate your net monthly savings into liquid cash, stocks, ETFs, Index Funds etc?

like

Thoughts on using Acorns to passively invest? $5 daily and round ups on all purchases? Pros vs cons to using a more traditional ETF/MTF?

like

Looking for long term stocks to hold for my IRA that are sub $20 a share. Have been suggested the following: GE, F, OXY, NCLH, PLT, CPRI, PUGOY, MGM, APA. Please share thoughts or new suggestions.

like

Just got married - any tips for managing finances, tax savings, etc? Household income is 180k, I already max a 401k, she’s a school teacher with state retirement. Thinking to live off only my income..

like

When you add your mortgage to your personal capital app, your total net worth straight to negative (but has equity build up)... how can we fix that

like

Advise: Joint income lil north of 200K, 80 K in cash savings, 100k invested in property. NO 401K, NO STOCKS/MUTUAL FUNDS. Have a car loan and property Mortgage as usual. Am I too risk averse?thoughts?

like

Been looking into purchasing tBills on treasury direct. Near as I can tell they would currently pay ~3% for a 52 week term which is roughly .5 to 1 % more than a cd for equivalent term. So…why isn’t everyone buying these instead or CDs or Hysa? What am I missing?

Note: these don’t appear to have a purchase limit like Ibonds.

like

Anybody have experience with Lending club or P2P Lending? It seems like it could be a little risky but think it may be a way to diversify some of my money instead of keeping it all tied to the stock market.

I own very little crypto (invested only a couple hundred/down ~60%). Is it worth holding or should I just cash out and treat myself to a nice dinner 😂

like

My brother started his own small business and I run the accounting with small equity ownership. Consistently put in 5-20 hours a week on top of my normal job for 3 years. Secured investor fundraising and now finally getting paid a salary of 15k a year on top of my current job. Equity distributions once profitable. 2nd income stream secured. Yesssssss

like