Quote:
Originally Posted by swagled
My first car loan in 1992 was 9.5% and I thought I was doing great to get single digits. Yeah at today's rates you may as well finance, even if you can afford to pay cash.
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So many people don't understand that the late 80's and early 90's were horrid times for borrowing money. Double digit house loans in some cases. Can you imagine? 2.9%, 3.9%, etc was unheard of for cars. 0% was a fairytale.