Quote:
Originally Posted by albertGQ
Anyone here on CP able to buy a new car with cash? I'm not talking a beater for like $3k or less. But a brand new $20k+ car from the dealership
I've only bought one brand new car in my life but we had to finance it. 7 year term at only 0.9% interest rate.
So anyone ever pay cash for their brand new car?
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I had intended to buy my car for cash. When I discovered a 1.9% finance rate, I financed instead. The invested cash has made me a lot more than 1.9%.
Honestly, I can't see paying cash for a car is the finance rate is below 2.9%. I think you did well.