Quote:
Originally Posted by Bug512
You are correct. At present we do not. I don’t mind taking a year off and pay with cash.
Proverbs 22:7 “The rich rule over the poor, and the borrower is slave to the lender.”
I do not worry about silly deductions. Never talked to anyone saying that they became wealthy by having deductions nor silly miles or points on their credit cards. Banks have people snowed.
Saving and paying everything in full has.
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It used to be that simple, but not anymore. Dealers get incentives for putting a loan with one institution over another. That can factor into the price which can make financing CHEAPER by having some extra profit in the pot for the dealer. Generally that means that the loan has to be outstanding for six months to a year.
If you are in a 30% bracket for taxes then you save 30% of the interest costs which is part of the decision on whether or not to finance.