Originally Posted by
veefan
I apologize in advance :mad:
Finance 101... quiz
I have a really good credit score and I have $10,000 available, do I use my money or take a loan to buy a car?
A smart financial person takes a loan, why, because the loan costs 2.59% while my money is a mutual fund earning me 15% on the $10K. The debt free guys cash is in a depreciating asset losing money.
Living debt free is all the rage, but it's not the the best financial advice if you know how to mange money.
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p.s. the finance guy in a typical dealership makes more commission on his loans, than the top salesman does selling cars!