Quote:
Originally Posted by bomber317
I'd paid the car off outright if I could. That's just what I would do. I don't believe there's a black and white answer for your scenario.
If there are no brainers such as 0% interest for X number of months on your car payments, and you have a high savings account, then I'd definitely take the low interest loan and stick the cash in the account.
I personally do not want to be left in a position where I need to cash out an investment not on my terms especially if I had to take a loss.
|
Thats fair. I'm also comfortably hold 100% of my money in the stock market sans $8k of emergency money, with at least $20k of stocks that I feel are liquid. No bonds, CD's, preferred shares, high interest account or anything like that for me.