Anyone regret trading up
I currently have a 2006 Duramax Crew and am thinking about trading up for a new Duramax. I really like my current truck, but I feel it might be time to move on. Has anyone traded up and regretted it...
Forum Discussion
IdaD wrote:
With my credit there's very little interest expense involved in a vehicle loan. Less than I get in interest returns. I woukd rather put that cash into retirement and my kids' college savings accounts than pay cash for a vehicle.
yup, the current situation is that those who have the means to pay cash, are the ones that can get interest rates low enough that paying cash is not always the best thing to do. When we got our 2015 truck interest rate is fixed at 1.5 percent on a 3yr loan and took the gmc rebate rather than 0 percent financing with GMC since it was a better deal. Now I get almost 4 percent tax free dividends on the money I would have used to pay cash. and I could borrow 100 percent of purchase price. go figure. guess what I did.... borrowed. first time in 45 years that I actually borrowed to buy a vehicle.
