Timeline for New car: buy with cash or 0% financing
Current License: CC BY-SA 3.0
14 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Sep 22, 2019 at 23:42 | history | protected | CommunityBot | ||
| Oct 16, 2017 at 20:19 | answer | added | ventsyv | timeline score: 0 | |
| Oct 16, 2017 at 19:47 | answer | added | stannius | timeline score: 0 | |
| Oct 13, 2017 at 23:13 | comment | added | DSway | Be clear on the terms of the loan. The cash value of the car is $22,500, because that's what it costs to buy it with cash. If you finance it, you'll be paying the dealership an extra $1000 up front for the privilege of financing it. The loan effectively has a 0% rate, a term of 6 years and a 4.25% origination fee. I'd buy with cash and put keep the $1000 for your house. | |
| Oct 13, 2017 at 17:50 | history | tweeted | twitter.com/StackFinance/status/918896659718987776 | ||
| Oct 13, 2017 at 12:57 | vote | accept | Jon | ||
| Oct 13, 2017 at 11:03 | comment | added | Aganju | You own the car either way immediately; it is incorrect to assume the loan giver owns the car, they just have a lien on it. | |
| Oct 13, 2017 at 5:00 | comment | added | Kevin | So, the actual question isn't cash vs. 0%, it's cash-1500 vs. 0%. Those are very different questions. | |
| Oct 13, 2017 at 4:07 | comment | added | Hart CO | Why buy a new car? | |
| Oct 13, 2017 at 3:55 | answer | added | Brythan | timeline score: 4 | |
| Oct 13, 2017 at 3:33 | answer | added | mhoran_psprep | timeline score: 5 | |
| Oct 13, 2017 at 3:25 | answer | added | RonJohn | timeline score: 3 | |
| Oct 13, 2017 at 3:17 | history | edited | Brythan | CC BY-SA 3.0 |
added 3 characters in body
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| Oct 13, 2017 at 3:00 | history | asked | Jon | CC BY-SA 3.0 |