Quote:
Originally Posted by SteelReign
Where can you get more than 2% interest guaranteed these days? All the "guaranteed" investments like CDs, Money market accounts and savings accounts have barely 1%.
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Talk to your bank, there are 3%+ guaranteed rate return funds out there even today. There are plenty of relatively safe stock investments which pay 3%+ dividends a year as well. There's plenty of 1.7% 5 year CDs out now, which are considered the safest but also tend to have a lower return.
I'll say it again, if you have good credit with the lending situation what it is today, paying cash for a car makes no financial sense.