Vulcan Rider wrote:
MetalGator wrote:
But, I ended up financing because I got such a cheap rate on an auto loan. That money I was going to use to pay cash for the Jeep, I ended up investing and am making more on it's interest than the rate I am paying for the auto loan.
Quite right but that situation has not existed any time in history up until a few years ago and likely won't again after another couple of years.
It is a nice TEMPORARY situation but it won't last.
And regardless of what you invested in, there is always some risk.
Actually, you would be wrong. The last RV I bought 13 years ago at 6.6% interest. Over that exact same time period my investments made 9.24% average annualized return. And would you like to also talk about the RV I bought before that? Probably not. Point being, Credit can be your friend or your enemy, it all depends on how you use it. Quit frankly, I like using other peoples money and saving mine.
