Quote:
Originally Posted by Iginla
Exactly, which is why I chose to get a mortgage for rental properties instead of a loan for a newer vehicle.
I can't afford to do both, does it make sense now?
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If you can get car financing for 0%-2%, then it would make sense to put that money onto a mortgage instead of a car, because there is almost no chance your mortgage rate is less than that. For example, borrow at 2% to avoid paying at 3-4%.
Maybe I am just being an idiot here, and people are able to get mortgages for a lot less than I am aware of.