You can spin it any way you want--debt is an evil bitch that most people cant get away from. I have chosen to stay away--I have a pension, 401K, saving accounts as well as an IRA. I could no doubt invest more aggressively but I would rather stay away from financing all together other than a mortgage. Most people my age and younger don't have a clue about investing because its not "fun" and doesn't put toys in the driveway. there are plenty of approaches that work well but you have to be able to see the forest through the trees.

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.