Quote:
Originally Posted by ayau
i also want to add that it's always prudent to have a nice buffer of cash in case of anything happens and you need access to your funds.
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Quote:
Originally Posted by zoomzoomers
The main difference is if you pay more up front, you have less, or no, money to take advantages of potential opportunities to invest the money elsewhere. So basically, it's a potential loss of opportunity we're talking about.
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This is a smart decision especially with interest rates being really low. If the interest on the car loan was 8-10%, I
would not be taking out a loan and would pay cash personally. But at <2%, I will do it partly for the reason you stated.