[Dave-ROR]

Originally Posted by Rossman

Yeah, "practically nothing". That's how they get you. Anyway to each our own I certainly don't expect to change any minds but the facts are what they are - that $400 would be better off in your pocket than the banks!

You can justify it any way you want, it's not my money you are losing

Disagree.

This last month I made more than the $400 of interest he's talking about on $22,500 in investments.. that's one month vs the life of his loan.

Sure, high risk so I may lose 8 grand next month of course

With rates so low and savings rates also low (obviously) it only makes sense to invest the money IMO. Saving it in a piggy bank, under your mattress, or in a savings account is a waste.

There's a huge difference between having to take out a loan for things while at the same time living paycheck to paycheck and taking out a low interest loan while investing money. I put at least 2x my car loan payment into investments/retirement accounts every month. At the end of my working career that 22.5k financed (in my case) will (well most likely, nothing is a sure bet) pay off a heck of a lot more than the ~$1,100 in interest I'll be paying (and that's assuming I'll be paying the minimum payment which is also not true).