So as luck would have it our 2001 Suzuki SUV needs about $2,500.00 worth of repairs which happens to be the market value of the car. We our opting to buy another SUV (GMC Trex LS) bare bones but AWD. We can finance it ($20,500)at 2.99% for 72 months. This price includes a $1,250.00 GMC Educator Rebate, the trade in for the Suzuki and state tax and plates. We can pay off this car using our saving leaving us with about $5K for an emergency. We have an equity line of credit with the our bank that we can tap into if need be. What do you think, should we pay cash or finance it?
Finance or Pay Cash?
December 1st, 2015 at 12:24 pm