Sumber : mstar
0 financing cars
are going to buy it even without the 0% deal. In fact, the financing desk is the last stop in that dealership after everything else is done. It’s hard to walk away after investing several hours into that new car or finance it at 0%, sitting there asking yourself if you are spending money you wouldn’t otherwise spend without this deal.
The answer most of the matter is that the mortgage is gone, it really is paid for. First, let’s hit the elephant in the room. The fact of the five-year arrangement. They all seem like wise hacks until you actually quantify them. Then they look like clipping coupons. It’s like my tax bill arbitrage.
So say I pay $50K as an estimated tax payment. I pay a 1.87% fee and then get 2% back on the credit card. 0.13% of $50K is $65. Even when you multiply it by 4 for the entire year, it’s only an hour’s worth of gross pay for a typical emergency doc. Even the 6 weeks of float (and the saved stamp) doesn’t add much more benefit.
If it wasn’t more convenient to pay by credit card than by mail, I probably wouldn’t bother. It’s just not going to make any sort of measurable difference in our financial situation. It Distracts You From What Matters I think the biggest problem with using cheap financing for the typical reader of this site is that it is distracting.
You’re using your limited time and energy on something that doesn’t make a big difference instead of elsewhere. If you’re spending your time hunting down 0% credit cards or $100 brokerage transfer deals, maybe you’d be better off starting a side business, streamlining your practice, negotiating your contract, rebalancing your portfolio, carefully examining your asset allocation etc.
And that’s just the financial possibilities. Minimizing the amount of time you spend on finances is a worthy goal in and of itself. Go spend that time juggling credit card travel offers but started a business instead that has treated us (and millions of readers) much better. It’s A Poor Man’s (Woman’s) Game One of the best of the five-year arrangement.
They all seem like wise hacks until you actually quantify them. Then they look like clipping coupons. It’s like my tax bill arbitrage. So say I pay $50K as an estimated tax payment. I pay a 1.87% fee and then get 2% back on the credit card. 0.13% of $50K is $65. Even when you multiply it by 4 for the entire year, it’s only an hour’s worth of gross pay for a typical emergency doc.
Even the 6 weeks of float (and the saved stamp) doesn’t add much more benefit. If it wasn’t more convenient to pay by credit card than by mail, I probably wouldn’t bother. It’s just not going to make any sort of measurable difference in our financial situation. It Distracts You From What Matters I think the biggest problem with using cheap financing for the typical reader of this site is that it is distracting.
You’re using your limited time and energy on something that doesn’t make a big difference instead of elsewhere. If you’re spending your time hunting down 0% credit cards or $100 brokerage transfer deals, maybe you’d be better off starting a side business, streamlining your practice, negotiating your contract, rebalancing your portfolio, carefully examining your asset allocation etc.
And that’s just the financial possibilities. Minimizing the amount of time you spend on finances is a worthy goal in and of itself. Go spend that time juggling credit card travel offers but started a business instead that has treated us (and millions of readers) much better. It’s A Poor Man’s (Woman’s) Game One of the best parts of being wealthy is not having to wring out of the time) that 0% deal is offered at the expense of something else.
Typically with a car it’s that the overall price is higher, i.e. you get a bigger discount with cash than with financing, but it could be something else you could wring out of the time (and perhaps not every time, but most of the dealer like free oil changes for a year or something. There are no free lunches.
It Doesn’t Usually Move The Needle These little “arbitrage opportunities” are generally just that, “little.” So you borrow $5K at 0% and invest it for a year or something. There are no free lunches. It Doesn’t Usually Move The Needle These little “arbitrage opportunities” are generally just that, “little.
” So you borrow $5K at 0% and invest it for a year? Subtract that from $250 and there’s probably not much left. Same thing if you borrow $20K for a car at 2% and then earn 4% after-tax on that for a few years. Maybe you
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