Taco wrote:
Oasisbob wrote:
It's always better to earn interest than to pay it. In other words save up then buy. Not a popular theory but worked for us.
Not always in this economy when you factor in that you receive less than the rate of inflation on savings. You can often get financing for less than the rate of inflation. Also with the uncertainty of the future, money in the bank can be used however it is needed. A paid off vehicle can't make pay rent or mortgage or buy the groceries if the unknown happens.
There are situations where it might make sense to pay cash. There are also many situations out there where it makes more sense to finance.
My cu paying 2.45 on 5yr cd and. My truck loan is .08%
