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SVTPerformance's Chain of Restaurants
Road Side Pub
Another "what would you do" financial situation
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<blockquote data-quote="LS2GTO" data-source="post: 14812746" data-attributes="member: 73731"><p>That depends greatly on the value of the vehicle and how much interest rate you have on the loan.</p><p></p><p>If it's 5% interest then you're much better off paying that thing down quickly than stashing away money pointlessly in an account earning you 0.1% interest. If you have a 0% loan then what you said is true. And that's why you have auto insurance and/or gap insurance. Having a car being totaled on your commute everyday should not be a worry of you losing tens of thousands of dollars on the spot. If it is, then you have the wrong coverages.</p></blockquote><p></p>
[QUOTE="LS2GTO, post: 14812746, member: 73731"] That depends greatly on the value of the vehicle and how much interest rate you have on the loan. If it's 5% interest then you're much better off paying that thing down quickly than stashing away money pointlessly in an account earning you 0.1% interest. If you have a 0% loan then what you said is true. And that's why you have auto insurance and/or gap insurance. Having a car being totaled on your commute everyday should not be a worry of you losing tens of thousands of dollars on the spot. If it is, then you have the wrong coverages. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Another "what would you do" financial situation
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