|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Retirement Discussions / Retire Early CampFIRE |
||
|
URL:
http://boards.fool.com/first-time-post-but-have-long-enjoyed-reading-14257722.aspx
|
||
| Subject: Re: Car Leasing vs. Purchase | Date: 2/2/2001 3:59 PM | |
| Author: Army88 | Number: 30449 of 683133 | |
|
First time post, but have long enjoyed reading this board. The finance manager at the dealership where I purchased my vehicle this past year made an interesting statement/axiom that I haven't quite figured the logic to. He was trying to persuade me not to use my home equity loan (roughly 10%, which I did use to purchase my car) but use his company's roughly 7% rate to finance my car. He said to generally not use a loan from an appreciating asset (the house) to purchase a depreciating asset (the car). The two rates seemed roughly equal counting the home equity tax deduction. |
||
| Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||