Quote:
Originally Posted by fistpoint
Right. But people must still have an APR lower than these dividends, stocks, savings and CD's. Most people won't be getting under 3% APR I think.
For those getting above 2-3% APR it makes sense to pay in full rather than the gamble and hassle of the investment route and all the paperwork with it. If the returns were double the APR then t would be worth the effort.
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I am already pre-approved for a auto loan rate for 1.9%/48mo. I would be stupid not to do that. Leaves my $25k in the bank and will only cost me ~$20/month in interest. I am easily making more than $20/month with my investment of that money currently.
So all this doubt is probably coming from younger guys in high school/college/new grads who don't have much credit/good credit and wouldn't be able to get a good rate. There are however some on here who have families and really don't want to carry "debt" as they have a different mindset regarding how to use their funds. I can respect that. But not sure what your point is fistpoint. You just seem to be arguing for the sake of arguing when the math does not support your side.