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29: Should You Buy a Car with Cash or Finance it with a 1.99% loan in 2024?

29: Should You Buy a Car with Cash or Finance it with a 1.99% loan in 2024?

FromThe Decade Investor Podcast


29: Should You Buy a Car with Cash or Finance it with a 1.99% loan in 2024?

FromThe Decade Investor Podcast

ratings:
Length:
13 minutes
Released:
Feb 2, 2024
Format:
Podcast episode

Description

In this episode of The Decade Investor Podcast,  Kolin talks about a situation where his brother just purchased a brand new car & it made more sense (mathematically) to finance the vehicle rather than pay for it in cash. Kolin talks about the pros & cons of paying cash for a new vehicle vs financing it when you get a low rate. Kolin talks about the interest rate arbitrage his brother is doing to try & end up making money on interest on this car vs paying it in full in cash. Be sure to follow Decade Investor on all socials & join the FREE weekly newsletter!TwitterInstagramWeekly Newsletter
Released:
Feb 2, 2024
Format:
Podcast episode

Titles in the series (66)

Introducing The Decade Investor Podcast - an investing podcast for beginner investors or those who have been investing for 40+ years. Long term thinking with investing wins over time. This podcast is for those long term investors who love to think long term with their money. Every week Kolin (aka Decade Investor) shares stories, tips & ideas that he has used to build his investment portfolio to multiple six figures at age 25. Join along & build long term wealth in a short term world!