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What does this mean? Should I not sell?
What is LOI in amex?
Has salary been credited in your account
3rd Presidential Debate Thread
What does this mean? Should I not sell?
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.
Rising Star
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