Originally Posted by lonestar
Well we will have to agree to disagree..
Instead of paying out each month for a car my money goes into investments.. I've been able to almost triple up my 401 K investments because I'm not paying car payment..
not to mention being able to invest in the stock market outside the 401k's..
SO you do not see it the same I way I do..
Buy a good quality car and save money down the road..
BTW if you can find some of the zero % financing all the better.. Paid 1.9 on my ford for 6 initially for 6 years, paid mostly cash for my Honda because at the time the bank rates were not cool..
so If you do not see them as investments I do.. I will not lose sleep tonight if you do not..
I guess not having a car payment allows you to invest more that makes sense, but the car in and of itself is not really an investment. Oh well, semantics
And yeah low interest definitely are nice when purchasing. My vehicle isn't expensive by any means but my interest rate is 2.2 so I'm not in a huge rush to pay it off