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Pay cash or finance?

Discussion in 'Ordering, Production, Delivery' started by Jay McGinnis, May 19, 2016.

More threads by Jay McGinnis
  1. Jay McGinnis

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    I've got $8,000 saved up now and plan on saving $1,500/month for the next two years. Would this be wiser than financing at 1.79%?
     
  2. Cali Desert Driver

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    Beyond my deposit, I will have access to and am also setting aside funds to have about a 20-25K (maybe more) down payment which makes it totally doable to get optioned up to about 50K and financing the rest.
     
  3. LUXMAN

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    Some would say leverage your money and make more in the market. I personally always save up and pay cash if I can. Sure you can possibly make more on investments but the market doesn't always work on your time and crashes just when you need it. Or maybe that just happens to me :oops:.
    But how so we know what interest rates will be in 2 years? The most likely will be low but maybe not that low.
     
  4. Zachary LaVoie

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    My plan is to have about $15k-$20k to put down on the vehicle, and finance the remaining ~$20. Really I just hope to keep monthly payment at or below what I pay for my current car so I won't have to start changing budgeting for the vehicle lol
     
  5. Daniel Davis

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    I plan on putting 20 to 25 thousand down and finance the rest. I want to keep the payments at $600 or less on a 60 month loan.
     

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