Just my opinion
I have noticed quite a few times on this forum when people talk about financing a travel trailer they will get responses saying "save up and pay cash". Well here is my take on it: I will use my exact...
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Locky wrote:
I have noticed quite a few times on this forum when people talk about financing a travel trailer they will get responses saying "save up and pay cash". Well here is my take on it:
Much clipped to save bandwidth.
NOT just your opinion. but that of my College Economics Professor as well... And... One I share.
Most people do not think about this but when you put money in the bank these days they pay a fraction of a percent in interstt. A thousand dollars won't earn but a few cents in interest per year.
But inflation is much, much, much, higher so you are loosing value every day with money in the bank.
ON the other hand.. That loan, may the interest may well be LESS than inflation.. So you are getting ahead.. But in either case, even if inflation does not outpace your interest rate.. You are not falling behind as fast.
