Great Loan Rate!!
Found on this forum but had to hunt around. Wings Credit Union has a fantastic rate for those looking to buy for the spring. 2.99% up to 6 year term. I calculated I would save $2400.00 over that ter...
Forum Discussion
ScottG wrote:
Your going to get some heat for that but I agree.
Never buy toys on time. Save a few bucks and buy something used but decent.
That strategy has served me well and now I'v retired at 50.
Just a suggestion - sorry for the hijack.
Interesting. We always bought new, got loans most of the time. We made sure our retirement and investment accounts earned a higher % than our loan rates. Never saved money in a bank as the interest rates were crap. But we managed to retire at 47 with no debt. And we are not members of the 1%. I don't think we are member of the top 10%.
We have a loan on our current rig, which we full time in. We have more money in our retirement and investment accounts than we did when we left almost 1 year ago. Our accounts are making more money than our loan payments, the interest on the loan is tax deductible, and we don't have to worry about capital gains tax from selling assets.
Sometimes, borrowing money is cheaper than spending what you have.
