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Originally Posted by e92_Mack
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Originally Posted by jacobsed
If you don't have the cash then you can't afford it. Playing the spreads on interest rates for a car purchase is ridiculous. 0% is not interest free money because you only get that rate for a new car and you'll take a beating on depreciation. Go find yourself a used 2006 in great shape and pay no more than $15k with cash.
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Thats not necessarily true, sometimes buying cash vs. financing is a matter of personal preference and not "whether you can afford something or not." I'm in the car business now and manufacturers do offer 0% on CPO vehicles, as Chrysler/Jeep/Dodge is doing so right now.
But good luck to you OP, go with what makes sense to you and more importantly what you'll be happy with in the long run. |
Wrong....it's pay now or pay later. If you can make payments then you can save up first and not go into debt for a car.