Originally Posted by AU7MM08
Originally Posted by juice
Absolute fact, nothing is free. My mower I mentioned buying on credit recently was 0% for 48 months. We’re talking around a $5000 mower. I was buying regardless but I figured what the heck I’ll finance because of the no interest. I have a coworker who recently bought from the same place in cash, same mower. He got out of there $500 cheaper than I did and I still ended up paying my mine off anyway. I would have come out way ahead forking over the cash on day one.

Originally Posted by Spec
Originally Posted by 257wbymag
Lots of equipment can be financed 0% for X years. Why pay for it then?


I used to sell equipment and trust me, you are paying for that 0%. If the customer paid cash or set up their own financing, we could knock off 3-4K.



But really the real winner would the person that takes 0% for 48 months, pays it off in 48 months, maxes out their 401K, max out their IRA, maxes out their HSA and builds up a healthy brokerage account.
You can get loans for all sorts of things, can't get a loan for retirement.


Sounds good, however, all that maxing out is a pipe dream for about 99% of young folks just starting out. The main thing is don't dig yourself in a debt hole starting out.

Last edited by 2Dogs; 11/06/19 11:05 AM.

"Why do you ask"?

Always vote the slowest path to socialism.