Personal Finance (Not Investing) • New Vehicle: Cash or Finance Question

The wiki has all the details: https://www.bogleheads.org/wiki/Paying_ ... _investing


But I'm in agreement with the others, total purchase price, then worry about financing vs cash, you should be agnostic and just take the best deal. Here @ 1.99% APR financing is probably the better deal math wise unless you can get a discount for cash.

Thanks for the link which I had perused some time ago and just did a re-read.

I may go to a local dealer today, for one, to get a first-time up-close look at the vehicle and maybe to get their initial ballpark offer.

Thanks.

You are welcome, good luck! I just went through a purchase of a Honda back in December, and took their financing deal vs paying cash. It was mostly a wash after tax for me against t-bills, but I elected to take the financing to give me more flexibility.

When it comes to actually signing the paperwork, I recommend you double check all of their math. I'm not saying they mess it up on purpose, but in my case, I found an error(in their favor) and they initially disagreed that their math could be wrong. They eventually found someone who can do math on their side and agreed with my math, but it took them a while to bother enough to track down their math person. Once he saw the error, he fixed it immediately.

I think it was an honest mistake, but I don't really know. Again, good luck!

Statistics: Posted by Catalina25 — Fri Jul 19, 2024 6:14 am — Replies 16 — Views 974