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Old 10-24-2011, 05:47 PM   #52
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Member#: 68647
Join Date: Aug 2004
Chapter/Region: MAIC
Location: Richmond, VA
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Originally Posted by mla163 View Post
but, what if I am actually paying cash?
Why pay cash for a car? If you can finance for say .9%-1.9% (as most car dealerships are having special rates at this time, some are even 0%) would it not make more sense to put your money in an investment fund that is more profitable and use the banks money to fund the vehicle? If you finance a $30k car for 1.9% you're paying a whopping $570 in interest spread evenly over the course of the loan. Most people go for a 60mo term which would be less than $10 a month. I'd rather keep my money where it's at and just pay it
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