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SVTPerformance's Chain of Restaurants
Road Side Pub
pay cash vs finance 2022
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<blockquote data-quote="black4vcobra" data-source="post: 16825843" data-attributes="member: 82394"><p>I generally agree with this except in cases where loan interest rates are low and return rates are high.</p><p></p><p>Say you had $55k cash to buy a new F150. You could drop cash on it and own it free and clear or you could put say $15k on it with a loan of $40k @2% (or under) and buy $40k of I-bonds, that are currently offering a guaranteed 9% rate of return, for you, wife and 2 kids. </p><p></p><p>Assuming that 9% rate holds for 5 years (which I know it won't), that $40k is now $61.5k all while only paying about $2k in interest over that 5 years at a 2% interest rate.</p><p></p><p>If you are willing to pass up a guaranteed 5 figure return with that money over the life of the loan then you don't really have to worry about money.</p></blockquote><p></p>
[QUOTE="black4vcobra, post: 16825843, member: 82394"] I generally agree with this except in cases where loan interest rates are low and return rates are high. Say you had $55k cash to buy a new F150. You could drop cash on it and own it free and clear or you could put say $15k on it with a loan of $40k @2% (or under) and buy $40k of I-bonds, that are currently offering a guaranteed 9% rate of return, for you, wife and 2 kids. Assuming that 9% rate holds for 5 years (which I know it won't), that $40k is now $61.5k all while only paying about $2k in interest over that 5 years at a 2% interest rate. If you are willing to pass up a guaranteed 5 figure return with that money over the life of the loan then you don't really have to worry about money. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
pay cash vs finance 2022
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