… Or just funny math
Which is better?
.5% off the interest rate on 20,000 over 60 months
Or $1500 off the purchase price
Or depleting your savings and pay in full because you don’t want to eff with the financing?
Thing is this money is just sitting around in a savings account getting peanuts for interest. The interest rate on the truck loan is way more than we’re earning. Seems like financially paying cash would be better. But having less than five grand in liquid savings is scary. Technically we do have other savings but we can’t touch that without penalty. Maybe we should live on the edge?
Asking for a friend.
As always, more to come.