Quote:
Originally Posted by GONIF
Unless you put a real big down payment , your upside down in most cars .The first 3 years they all depredate the most.
|
Everyone should be putting down a minimum of $5K on any new car and never finance over 36 months if your goal is to stay right side up and do not have the cash to back it.
The flip side is that you have the cash but its invested. You finance the whole damn thing allowing you to keep your money in the market. You don't care about being upside down, because you could always liquidate your investments and pay off the remainder on the loan. Also a viable (and financially sound) solution.
If ZL1 1LEs end up on the 0% APR 7-year plan ... I might have to give Becky-D a call. Just too much free money to pass up.