Re: Why do so many of the 'Personal Finance' threads...
Was one of the previous posters actually saying that he would be willing to LOSE money to avoid having a loan?
If you can get a car loan at, let's say, 2.5% you would pull money out of a 4.5% interest money market account just to be able to buy the car with cash? That doesn't make mathematical sense. You are 2% to the positive to take the loan and keep your cash earning the higher interest.
I appreciate the desire to avoid loans/debt, etc. but math is math.
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