Lee Duna to [email protected]English • 8 months agoAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netmessage-square165arrow-up1290arrow-down15
arrow-up1285arrow-down1external-linkAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netLee Duna to [email protected]English • 8 months agomessage-square165
minus-square@[email protected]linkfedilink1•8 months agoNo, remortgage your property at super low interest rate below inflation and then buy with the cash you got. This way you’re saving crap loads of money.
minus-square@[email protected]linkfedilink1•8 months agoThat’s even worse. Now you have your house on the line for a depreciating asset. It’s the depreciation that makes financing cars such a bad deal.
minus-square@[email protected]linkfedilink1•8 months agoOnly if you want to sell your house in a few years. If not, it’s a money printing machine.
No, remortgage your property at super low interest rate below inflation and then buy with the cash you got. This way you’re saving crap loads of money.
That’s even worse. Now you have your house on the line for a depreciating asset. It’s the depreciation that makes financing cars such a bad deal.
Only if you want to sell your house in a few years. If not, it’s a money printing machine.