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When work from office is going to resume???
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I got a call from TCS and suddenly on the same day, they conducted interview. Meeting link has been shared in the WhatsApp from the same person but not in the email. Is it normal? I am worrying that why they didn't send the meeting link over official tcs mail?Tata Consultancy Accenture Infosys IBM Cognizant @
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The new X7 looks like a faakin’ Kia….
Lincoln Aviator? Replacing an older mdx
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A lot of people use financing as an excuse to buy more car than they need / should be able to afford. If you're the type that has the cash invested, the advice most likely doesn't apply.
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Great point
Its three fold:
1st: Generally speaking, people use financing to buy more car than they can afford, putting them in a negative financial position long term
2nd: Financing at a good interest rate only makes financial sense if you take the savings and invest them, the average person doesnt
3rd: As a rule, long term financing on a depreciating asset is *normally* a bad idea
Play your cards right and financing its a great tool, the average american does not play their cards right. The average american gets something closer to an F-150 on a 7 year loan
Just bought a performance SUV - 20k down + 30k finance on a 2.9% interest rate 😏 — monthly payments are well within my budget based on my monthly income. Super chillin with a beautiful SUV and I waited 6 years until my previous car broke its last leg. I believe I was smart about my purchase so just make sure it all makes sense financially and you’re set.
2024 with 2.5k miles on it was ~50k
People are irrational and make decisions based on emotions and feelings, even if they are uneconomic.
Often financing new comes at the cost of other cash back incentives. Things like “2% financing OR $6000 back”, so the true cost of financing is hidden.
Additionally, if max ROI is the name of the game, buying used will always win, in which case, good luck finding lending that low. I’m sure there are scenarios where financing makes sense if you really want a certain new car.
I would add that they should calculate the overall cost of buying used with current interest rates and compare with new (and the available rates) to understand where one can get ahead. You can get a cheaper used car but bank will bite you with used car interest rates. Then it becomes cost per mile, new vs. used.
Most people end up overspending and don't reinvest the difference, so it makes the whole exercise pointless. Pay cash for the car, then invest regularly each month to be more consistent