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Moved to Holland; contemplating a stateside return?

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Money Talk > Personal Finance

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plush
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Cash: $ 4.50

Posts: 22
Joined: 06 Dec 2015

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Hey oldguy, what's your opinion on auto financing term? 5 years? Is 7 ever a good idea?

Would you say its a wise idea to wait until we have the cash-equivalent of the car purchase, then invest that money in the VFINX/equivalent at the time of purchase, to essentially "pay ourselves" for the car?
Post Tue Jan 09, 2018 7:27 pm
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oldguy
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Cash: $ 748.05

Posts: 3637
Joined: 21 May 2006
Location: arizona
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That's what I do - ie, I have the car money in the SP500 but then I DON'T use it. Same with buying rental houses, I have the money for the down payment, but then I DOAN'T use it, I borrow the 'down'.

I've stuck with 5 year loans for over 40 years - but maybe I should look at 7. In general - I put as much as I can, as early as I can, into the 11% fund. "Time" is the major metric for compounding.
Post Wed Jan 10, 2018 2:01 am
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