Traded in my 2017 6.4 Hemi for a new 3500 Cummins

[spoon059]

Never pay cash on a vehicle (or any expensive purchase) if you can get a loan for lass than 4%. Why? Because you will generally make 6% more investing that money.

OP, I paid cash on 5 acres of land for in a new undeveloped subdivision for $55k, sat on it for 5 years paying $6k in taxes, and sold it for $85k leaving me with $24k profit. That is a lot more than the measly $2,600(1.9% interest) I paid to finance my truck.

I know, right? Especially with DIRT CHEAP money right now, why would I burn my cash? Even with rather conservative investments right now I'm getting 12.5% on my money. My wife's minivan costs us about 3% interest. I'd rather pay 3% and earn 12.5% any day of the week.

 

[odinjunior]

Already earned my money. Now it's time to spend it. I read these big rates and I compare them to the good deals folks get.