Groover wrote:
4x4ord wrote:
Shiner I agree with you that land is often a good investment so I might borrow money to buy land but not to buy a truck.
The last time that I bought a truck I could have paid cash but I borrowed money at 2% and left that $50,000 of my own invested where it has been earning about 9%. So I saved 15-20 thousand by borrowing the money. Your results may vary.
Yep. We do the same...sort of. The first third is cash to cover the taxes and never be upside down. The rest is borrowed and although our investments seem to be averaging around 7 percent that is more of a risk profile selection.
And yes. YMMV
