Quote:
Originally Posted by 86fanatic
To expand, you can get a 5 year CD with 1.8% interest. If you can land a car loan for less then 1.8%, which is very possible in today's environment with good credit, you are throwing money away by using cash to buy:
http://www.bankrate.com/funnel/cd-in....aspx?prods=19 |
I would agree with this line of thinking in most cases, but given the economy, sometimes people look at it from the "security factor" of not havng any car payment, or other types of outstanding payments, so this can occasionally play a role in the decision process, if they put a high value on security.
It really depends on each individuals particular situation, but I do however agree that this makes a ton of sense.