Article

2020-10-09 Economy

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Posted by Besoeker 2020-10-09 00:17|| || Front Page|| [7 views ] Top

#1 Obviously nothing wrong with sound financial management, but lending rates for new cars are often quite favorable. 0.0% is a thing, and at that rate you are better off financing.

Posted by Iblis 2020-10-09 10:19|| 2020-10-09 10:19|| Front Page Top

#2 Only if you can get it, for some reason, despite my excellent credit, I never seems to get that zero interest rate, it's almost always 4% or higher and if you're even a day or so late with your payment, the interest automatically goes to 21 or 26% (whatever your state maximum rate is).

Posted by Seeking Cure For Ignorance 2020-10-09 14:01|| 2020-10-09 14:01|| Front Page Top

#3 I paid cash for a new car two years ago. The dealer did not want it. Wanted me to get a loan and pay it off. After paying for the car he said he could not give me the .37 cent change. I ended up taking a dollar back and made him run the .67 cents on a credit card. Two months after the purchase I was notified by the IRS and they looked into the sale. The USG and car dealer certainly dont want cash sales.

Posted by 49 Pan 2020-10-09 14:14|| 2020-10-09 14:14|| Front Page Top

#4 You can pay for a car in full without actually giving the dealer cash. If you have a credit card with a high enough limit, use that and then pay the card off. That's better for your credit anyway. Or, write a check for the final amount and let the bank know ahead of time what is going on. A dealership can clear that check electronically on the spot with depositing it.

Paying for something and using a large sum of cash is only inviting unwanted prying into your personal business by entities whose attention you probably don't want.

Posted by Kojo Grumble4926 2020-10-09 14:48|| 2020-10-09 14:48|| Front Page Top

#5 #4 Wow, good information. Best to keep a low profile these days. They want a cashless society. In China an American jaywalked so in about 20 minuets he gets a text his bank account had been charged for his jaywalking. In the world of Obama you didn't earn that money anyway.

Posted by Dale 2020-10-09 15:08|| 2020-10-09 15:08|| Front Page Top

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