Finance

[oriffx]

Financing has situations where it makes sense, even to rich people. If you get 2-4% interest deals, it may be better to keep cash for investments.

Now in saying that, the OP is most likely a young person trying to pick the brains of people he perceives as rich, and in his eyes the best way to do that is to pretend he's rich too.

This. Exactly.


Sent from my iPhone using Tapatalk

[scott23]

But an investment can also lose money.

[Mkivbren]

All good points. Personally, at 2.75 I'll throw down half and finance the rest all day long.

[Blown SRT]

And the OP is gone...

[Kratos]

And the OP is gone...

Not gone.....lurking.....because my theory is most likely correct.

[Kermit]

Not gone.....lurking.....because my theory is most likely correct.

could be Jetfalcon AKA lol

[Blown SRT]

Very useful answer, to NOTHING.

[lucycan]

Yes, another very informative and helpful post by jetfalcon!

[SimonC104]

a lot of people finance like what Kratos said above. Sometimes people has the money wants to hold onto it for investments or just dont like dropping a whole load of cash on one thing all at once. There nothing wrong with cash and finance its just whatever the person wants. I know a lot of wealthy people who never pay for anything all at once idk why but that just how they are haha, but yea the dude who started this come on man LOL

[reacher]

I try to use financing as much as makes sense, i.e. when the interest rate is low enough. Just because you have a high income doesn't mean it makes any more sense to pay cash if you have investments that can pay more. I prefer to keep as much money invested as possible, so I use low interest loans for my cars, I have a mortgage, and I use a line of credit against my investments to temporarily cover big cash expenses like quarterly tax payments, etc. One bonus of using credit again finally after many years of just paying cash for everything is that my credit score has shot up, go figure.

My credit union that I've used since my college days has had some great rates, so I've financed a couple of things through them. They're not my main bank anymore, but I still have an account with them and a couple of loans just because of their excellent rates.