LogFAQs > #982714229

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TopicThis sound financial correct?
royic
10/29/24 11:24:25 AM
#29:


philsov posted...
my long standing ETFs have gotten me ~10% growth year over year (<3 vanguard). My car interest is <10%.

It is profitable for me to get the car on credit, and the cash I would have used to buy the car to instead be invested. After 4 years, I'll have gained more by not buying in cash on the spot.

However, waltzing up to a car dealership with enough cash to buy a good-but-used car on the spot will give me some negotiation leverage, to the point where is can likely knock off several thousand from the price, which might favor a "cash now" option.

what if you had bought a much cheaper car and invested that difference tho

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binga
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