KLE 63: Cash Cascade Your Car

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While it’s rarely sensible to finance a ‘depreciating asset’ (i.e. one that goes down in price, over time, such as your car), that doesn’t mean that you don’t already carry an auto loan.

If you do, should you pay it off immediately to set things ‘right’, financially speaking?

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Reader Comments

In the US most car companies make more money from the loans than the cars themselves. It’s rare to be able to get a “cash” discount when dealing with a dealership nowadays.