Quote:
Originally Posted by alpinweiss 335i
I hear you. Besides, everything is a payment nowadays. Mortgage, car, insurance, business loans, credit cards. Not a lot of people "buy" stuff. You either finance or lease it. Besides, why would I tie $70,000 cash in a depreciating asset? I prefer to use someone else's money, low interest rates and let inflation work to my advantage. Maybe i'll hold off until interest rates on the f80 become more competitive, and finance it then?
The 6.8% just kills all the fun, and wants me to get out of that loan ASAP!
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Pay off your debt or pay it down as much as possible. Avoid monthly recurring charges. Do it when you're young or you'll forever be a slave to it.
If not you'll be touting the benefits of leasing a car to save face that you can only afford the monthly payment for years to come....
