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Southeast Colorado | Most of the time your long term loans are your most valuable assets like land and improvements. Therefore they will probably not be decreasing in value and in fact are likely doing the opposite. In my mind, regardless of whether the interest is cheaper or not...........I would like to be able to work hard at paying these types of assets off early. If you are younger you become a prime candidate for re-leveredging these assets to expand your business. If you are older, you have the peace of mind that you can always lay back with no worries as you head into retirement. Paid off tractors and machinery, which are a necessary evil but devalue every year, are great for cash flow purposes but don't always make the best collateral when it comes to buying the thing that matters the most to me........land.
Edited by tmrand 1/18/2014 08:27
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Paying off Long Term Loans? Your Thoughts.
