Quote:
Originally Posted by Dadhawk
We've gone around this many times on the forums here. It's a polarizing issue (almost as much as AT vs MT). In the end, the OP just has to decide how they prefer to handle their money.
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Well, lets say I keep my current car and make pretend payments each month for $400 into a car savings account for the future. When I finally have enough to buy a brand new 20K car, I don't think I'll want to put it all down immediately, do I?
Let's say I was able to get a super-duper low interest rate at 0.95% for 3 years. What are better ways of stretching that saved up money for the next three years rather than using it all immediately on that car?