BobsYourUncle wrote:
ShinerBock wrote:
For instance, I paid $60k cash for a five acre plot about 5 years ago as an investment, and just sold it for $85k. Total interest on a $60k truck at 1.9%(the rate of my last loan) is $3k. So pay cash for a $60k vehicle to avoid paying $3k in interest over 5 years or invest it and make $25k in 5 years. I think I will choose to invest it and make $25k.
That there is excellent advice and good thinking.
So true.
Yes as long as that $60k does not become $45k. Vehicle loan interest is virtually guaranteed, investments are not. Don't kid yourself that you know the future. Still happy to hear the land turned out well.
