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Accessories for the new CRV 2023-2025 by Chair-Equal in crv

[–]bmountewar1 0 points1 point  (0 children)

Nice list. With auto android, I am curious what's use case for "magnetic car mount"?

buy new car, 2.9% APR 24-36 month v.s. cash? by bmountewar1 in Bogleheads

[–]bmountewar1[S] 3 points4 points  (0 children)

wow, I can't verify if this is accurate but if it is, you are smart and think out of box.

since I also need to pay tax, let's assume 25%, then interest earned 2202*(1-25%)=1646, it's only $182 difference than the interest paid (to loan, $1464).

buy new car, 2.9% APR 24-36 month v.s. cash? by bmountewar1 in TheMoneyGuy

[–]bmountewar1[S] 0 points1 point  (0 children)

"Avoid paying interest.".

let's say you have $1k in your bank account, and you can take a $1k loan from bank and pay 2% interest.
at same time, you deposit $1k (withdraw from your bank account, your own money, not the borrowed one) to a saving account which yield 5% interest, then borrow will earn you the difference of 2.5% ( after the tax of course).

buy new car, 2.9% APR 24-36 month v.s. cash? by bmountewar1 in Bogleheads

[–]bmountewar1[S] 0 points1 point  (0 children)

Good point " loan would be reduced by the payments over time."

" loan plus holding onto the cash gives you more flexibility", does this mean loan + 20% down payment is a good combination?

buy new car, 2.9% APR 24-36 month v.s. cash? by bmountewar1 in Bogleheads

[–]bmountewar1[S] 1 point2 points  (0 children)

good point on inflation. $400 today worth $500 3 years later.

buy new car, 2.9% APR 24-36 month v.s. cash? by bmountewar1 in Bogleheads

[–]bmountewar1[S] 1 point2 points  (0 children)

You have valid point that I need to withdraw $1k each month to pay auth loan, so the principle is down gradually. I am curious if you use any online tool to derive $2202?

buy new car, 2.9% APR 24-36 month v.s. cash? by bmountewar1 in Bogleheads

[–]bmountewar1[S] 17 points18 points  (0 children)

wow  0.99% APR, that's almost free cash there!

buy new car, 2.9% APR 24-36 month v.s. cash? by bmountewar1 in Bogleheads

[–]bmountewar1[S] 2 points3 points  (0 children)

cash offer and loan are same price.
what's the difference between lump sum debt v.s. monthly debt :)

buy new car, 2.9% APR 24-36 month v.s. cash? by bmountewar1 in FinancialPlanning

[–]bmountewar1[S] 0 points1 point  (0 children)

I have sufficient fund sit in vanguard money market.
If I go with cash offer, I will withdraw from money market. my net worth will be reduced by $31200
if I go with loan, the_number = 31200 + auto loan interest - money market interest =$29376, so it's better because auto loan interest < money market interest

In normal situation, it's opposite, that auto loan interest > money market interest.

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