"Mike" wrote in message
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"DK" wrote in message
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BAR wrote:


I never pay cash for cars or boats. Always pay with somebody else's
money and pay it back over time with cheaper money.



I don't understand your theory. In the end, you are paying for it with
your money and you are paying more than the selling price unless you
found a 0% deal.

What it "cheaper money"? I'd like to get some!

That approach only works with an asset that appreciates in value. You
know, like real estate used to g. With a depreciating asset like a car
or boat, it's only good at 0% interest as you say.

--Mike

Any zero percent deal I've seen on cars always resulted in a higher selling
price. Every case I looked into resulted in higher *net* than paying cash,
even considering the interest lost from where ever the cash was held.

I have done a few zero percent deals on consumer electronics where you pay
the same whether you take advantage of the no interest or pay cash. We are
now watching our new large screen HDTV with zero percent interest payments
over two years.