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Originally Posted by debtfreesteve
I know this is a Dave Ramsey thought, but, it's true.... if you had paid for cars, would you borrow against them to invest in mutual funds? Same thing isn't it?
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I personally would, as that is the type of thinking I use to make money. However, some car insurers mandate a more costly lower deductible insurance policy when you have a car loan. Plus, I don't like driving my personal wealth around, so there's probably not enough equity in my cars to make borrowing against them worthwhile.