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SVTPerformance's Chain of Restaurants
Road Side Pub
Used Vehicle Insights
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<blockquote data-quote="gimmie11s" data-source="post: 16732587" data-attributes="member: 17953"><p>You made [USER=138337]@13COBRA[/USER]'s point. Keeping your cash and using it for better investments (most 401k's returned 25% or more last year) makes more sense while you place the note risk on some financial institution at a cost of only 1 or 2% in cases of good credit.</p><p></p><p>Why would someone lay out $60k cash on a new car-- -- when that loan would only cost you a few thousand bucks over the term of the loan assuming good credit ($3700 or so interest charge on 72 mo's 1.99%).</p><p></p><p>$60k would have made someone $10-15 grand last year in a 401k or individual brokerage account.</p><p></p><p>Hell, over a 6 year term, $60k turns into $90k at 7% in any basic brokerage account.</p><p></p><p>Keep your cash and brag about something else on these forums other than how you "paid it off in a year" lmao</p></blockquote><p></p>
[QUOTE="gimmie11s, post: 16732587, member: 17953"] You made [USER=138337]@13COBRA[/USER]'s point. Keeping your cash and using it for better investments (most 401k's returned 25% or more last year) makes more sense while you place the note risk on some financial institution at a cost of only 1 or 2% in cases of good credit. Why would someone lay out $60k cash on a new car-- -- when that loan would only cost you a few thousand bucks over the term of the loan assuming good credit ($3700 or so interest charge on 72 mo's 1.99%). $60k would have made someone $10-15 grand last year in a 401k or individual brokerage account. Hell, over a 6 year term, $60k turns into $90k at 7% in any basic brokerage account. Keep your cash and brag about something else on these forums other than how you "paid it off in a year" lmao [/QUOTE]
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