re: #356 withak

I’d love to not have a car payment, but I prefer to drive a reliable, newer vehicle, and 0.9% interest is about as close to free money as I’m likely to get in this economy. (Never could figure out why gas engines qualified for 0% interest, but VW could only give me 0.9% on my diesel… whatever, I’m making up the difference in fuel savings.)

I can see the appeal of paying only cash for cars, but not using credit available to you is just silly, and the rhetoric of “driving a car payment” is doubly so.

Don’t think it makes much sense to pay cash for a new car. Unless you’ve got a zillion dollars in cash on hand. As you say, car loans are not usually of the high interest variety. And depleting one’s cash on hand just for bragging privileges to say “I paid all the cash for my car, lazy moochers” is just silly. Better to keep the cash for emergencies, if you have it.