Apr 28, 2024
5:59:21pm
5:59:21pm
Let's say you have $10,000 to use as a down payment on a new car, but the dealer
has a deal for 1.9% APR. Would it be better to to put much less down and invest the $10k, assuming you can make the monthly payments?
(Cue the "Never buy new cars" responses.)
(Cue the "Never buy new cars" responses.)
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- cvd6262
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- Nov 24, 2007
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- May 13, 2024
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Apr 28, 5:59pm
If they are giving a 1.9% rate then they are subsidizing it. Negotiate a lower price and pay the $10k down.
Apr 28, 6:02pm
Apr 28, 6:17pm
Apr 28, 6:07pm
I'd be wary of the investing climate right now; I wouldn't make assumptions about returns--not even as low as 2.9%
Apr 28, 6:18pm
Apr 28, 7:16pm