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Pickups and Farmers
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thefarmers
Posted 12/6/2016 11:26 (#5679816 - in reply to #5678923)
Subject: RE: Pickups and Farmers


Andy578 - 12/5/2016 22:54

cjd12000 - 12/5/2016 23:18

Andy578 - 12/5/2016 22:01

no interest if you finance these days either. nearly everyone offers 0% for 60-72 months at least a couple times a year. might as well finance it then take the cash you would have used and buy stocks


You do understand you usually always forfeit a rebate or two for that zero interest loan. They get there money one way or another and your principal is just higher so when you trade after two years the lost revenue from interest is not lost just paid for by next note.


yes and if you play your cards right using that cash for something else can make you far more then that rebate




But at the end of the 5 yr. loan you still paid them $50000, and now have a truck worth $25000....maybe. So you lost $25000 and gained what the average of $0-$50000 ($25000) made over 5 years invested.

If you bought a $25000 truck with cash to start with, at the end of 5 yrs. it's worth $12500.... maybe. So you lost $12500 and gained what the $25000 saved originally, made over 5 years invested.

And then there is insurance, liability only on something older where as you have to have full on new, probably save 1/2 there.

Lots of ways to figure it, and you know what they say about figures.



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