We bought a 2003 GMC 4x4 in 2003 for cash ... and put the payment in the bank. We drove it 215,000 miles and traded it in for a 2015 GM 4x4 ... we could have paid cash, but decided to finance it at 1.99 percent for 60 months, put the bucks in the bank at one percent interest and have all the cash available. The interest is so insignificant at one percent difference, it means very little with that cash available for emergency.
When we wear out the 2015, we'll see what's available then, but we can either pay cash then or finance again if the interest rates still make us smile.
