Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Last May I finally paid off my current car, a 1996 Saturn. The car has about 85K miles and I expect it to last several more years. When I get ready to buy my next car, I'd love to pay cash, rather than finance it. My question: What is the best way to get to my desired goal of paying cash? The general rule of thumb for investing in equities is that if you need the money in less than 5 years, don't buy stocks. Stashing cash in a money market account at 1.75 percent interest doesn't seem to be the best bet. So what are my other options? Any suggestions?

Print the post  


Disclaimer - Please Read
A message about professional advice.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.