Found my Dream Car But Its Seven Hours Away

[StealBlueSho]

Never buy a car you cannot pay cash for.

When interest rates are at 0.9% it's almost free money.... I have no issues with a car note when interest rates are next to nothing....

And not everyone has the $20+K sitting around to afford a gen4 SHO that's not high mileage...

If we were part of a honda forum I would agree with you...

 

[Jeff2017]

When interest rates are at 0.9% it's almost free money.... I have no issues with a car note when interest rates are next to nothing....

And not everyone has the $20+K sitting around to afford a gen4 SHO that's not high mileage...

If we were part of a honda forum I would agree with you...

Yeah, that's true. I bought a 2001 Jeep Grand Cherokee that way. And if you keep the cash you can invest in stocks and probably make money at the same time.

 

[Jeff2017]

Maybe but if your a responsible person sometimes having something to pay for is the same as saving money. Some people barrow money for a car even when they have it, just because they cost so much and you never know when you may have an emergency. I always found it interesting that being able to afford the car you want is completely different then actually owning it

True, an emergency fund is more important.