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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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If I could borrow money at 1% and stick it in ING (now at 4.25%) I'd do it in a heartbeat. That 200k that ima has in savings is probably making her much more money than the 1% she's paying to borrow for the car.
That being said, I personally pay cash for cars.
To each his own. Both methods are perfectly fine in my opinion.