Originally Posted by
Gunfighter
I'd been a no car payment guy for years, but in 2022 money was free (1.9%) I hate having a stupid car payment, but he!! if I'm taking money out of a money market account to pay it off. I'm just letting it ride for another year or two. Yes, I tried the all cash option, but the dealership makes money originating loans. My latest car purchase, I got a better deal by taking a 6% car loan, then paid it off a week later with cash. That was my 6% risk free rate...
That stuff is still around. I got 1.9% last year just because I told them I wouldn't buy the car without it. Initially they told me to pound sand, but eventually they came around lol. Only bought new because of a family member employee discount. I'll take a loan every time at that rate.