Quote:
Originally Posted by Mr70
Not necessarily true,back in May of 1989,I ordered a brand new IROC Camaro.
GMAC was offering 2.9% financing,while my savings account was paying me 6.5% interest.
I had the full car amount in cash,but chose to finance the entire amount because of that Low 2.9%,while earning 3.1% bank interest on the same amount.
|
while I have been very fortunate and always paid in full for every vehicle I buy without financing, before my dad passed I reminded him of his teachings and asked him to explain why it wasn't a smart move to take advantage of gm's zero financing. of course he says it is just a ploy that they have just raised the price to compensate that and you can get a better deal to opt out of it. lol he was probably right.