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NEVER pay anything CASH. Why would you pay cash if you could get 5.5 or even 6 percent on a loan and now take your money and put it in a 7 to 7 1/2 percent preferred stock. You will still come out 1 to 1 1/2 percent higher. Of course you need the cash to cover your monthly payments. Example: My AT&T cell phone is 49.95 a month, I bought 300 shares of AT&T which pays .41 per share every 3 month so that comes to .41 X 300 = $123, phone bill is $150 - $126 so it cost me $27 every 3 months thats $9 bucks a month, beat that !!!
Point in case: even if you have 30K for the camaro wouldnt it be better to put down 10K use 10K to pay the yearly loan off and get interest on the last 10K (thats what your gaining) assuming a 3 year loan of course.
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