Quote:
Originally Posted by GQ4Life
u pay taxes on the whole price of the car doesnt matter how much cash you pay toward it..
most of us that are financing the whole car do have the cash on hand. Just tied up in investments. So dont know why ur sorry.. LoL..
Though feel bad for the guy that finance the whole thing way upside down. Ops out of GAP ins then wrecks the car..  |
Good post, there's no cut and dried answer to this finance question. Depends on your situation. If you're making payments from your salary I'd say keep the financing within your comfort zone, however if you have the assets to pay cash and they're invested and earning income it wouldn't make sense to liquidate assets earning 4-5% to avoid paying 1 or 2% interest. If you're in that situation you're better off financing as much as possible and let your money earn a couple extra points for you.