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29: Should You Buy a Car with Cash or Finance it with a 1.99% loan in 2024?
Manage episode 398860677 series 3525109
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In this episode of The Decade Investor Podcast, Kolin talks about a situation where his brother just purchased a brand new car & it made more sense (mathematically) to finance the vehicle rather than pay for it in cash. Kolin talks about the pros & cons of paying cash for a new vehicle vs financing it when you get a low rate. Kolin talks about the interest rate arbitrage his brother is doing to try & end up making money on interest on this car vs paying it in full in cash.
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