Quote:
Originally Posted by DARZSKY
If you can manage to get a "secured loan" (your own money in the bank/credit union) the interest rate is around 2.75%. Your money remains in your account (but it's "secured" so you can't withdraw it) gaining lets say 1.25% interest, so in reality you are only paying 1.50% in interest on that loan. It's a sweet deal....but only if you have money in the bank.  |
What's the point of that?!? You're paying 1.5% on the car, when you have the money to pay for it. Sounds like dumb investing to me.