Quote:
Originally Posted by bw26ss
who cares, what are you trying to prove? 3.5% here
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I don't think there is anything to prove. Paying cash, which I did by the way, was my choice too. Didn't ask the OP nor did they ask me.
Actually, in today's current financial climate, with "current" being the operative word, those with credit good enough to qualify for 0%, 72 months interest free are smarter and way ahead of the poster above and me, given the time value of money.
The time value of money model correctly states with any and all inflation, low as it may be and interest rates being next to nothing, at "current" levels, hence 0%, 72 months, that I paid too much for my car. I would have been way ahead to pay it off as the 72 month person is doing.
So the OP's post was as valid as anyone's. I personally don't have the discipline to cut a check for 72 months worrying that if I miss one payment, it may quite possibly invoke all past interest to that point on some interest rate in the fine print I didn't read............and whatever, had the money and paid, feel very lucky to have had the money and paid it off. A new car can be and often is the worst financial investment, or one of them, barring a new house in year 2006 or a Commodore 64 computer in 1983. Emotionally wise, a car can be a different story.
Peace out,
tony,
Banned twice, trying real hard not to again.............even if I do delete the "cookies" and re-register on another name...........but that would be wrong
