Bought all my cars for years (1980-2013) without financing. But with 1.9-2.5% financing... my money could make more for me than that..... so I've financed the last 2........
I cannot stand to make payments and pay someone/company interest.
No house pymt, auto, or other type, thank the Lord.
Have a blessed day,
Leon
We do have a a credit card that we pay off each time we use it, and another card that we pay more than the minimum amount to prevent interest being added.
Actually I'm with you JcMack, however, I only pay cash for a "used" vehicle and let someone else eat the depreciation, I don't have to be the first one to fart in the car to make it extra special to me.I am flawed, therefore most of my thoughts are flawed. If you've got 25-30K to pay off a car. Don't. Instead finance the thing. That kind of cash could come in handy down the line. You never know. When you drive it off the lot your new car loses 15% of it's new value instantly.
I get the feeling most on this forum are worth more than I so my opinion is probably valueless.
I’m with you. Have not paid a penny interest in over 20 years.
I wanted to buy a new pickup a few months ago but I didn't want to pay the stupid high prices. I got on Auto trader and typed in - new pickup truck, automatic transmission, power windows/locks/tilt/cruize, keyless entry, carpeting, chrome steel bumpers, aluminum wheels, four doors, heated mirrors, cloth seats, and trailer tow package. I didn't care what color of truck or brand and was willing to fly anywhere in the US and drive it back to get the lowest possible price. The internet said the cheapest truck in America was right where I live in Oklahoma City! That's weird because prices hear are normally much higher than the Dallas/FW area. So I drove to the RAM dealer and they showed me the truck and one other 2018 white truck with 32 miles that also had a touch screen Blue tooth infotainment center with satellite radio and CD player and I didn't haggle and paid the out the door price of $24K and I did have to finance through Chrysler but I should have the truck paid off in a few months.