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Date: Thu, 15 Sep 2005 21:30:37 -0400
From: Malt_Hound <""Malt_Hound\"nospamm-me not*yahoo.com">
Subject: Re: Financing vs. buying for cash


Intrepid Observer wrote: > If you have the $20,000 (US) or so to spend on a new car is it wiser to buy > the car for cash or take out a loan? > One salesman advised me it is better to get a loan so you pay less for the > car upfront in case it is in an accident as the insurance will only pay up > to the current value of the car as used/depreciated. Was he just saying that > to sell me a loan or does it make real world sense? > > Pay cash. Reduce insurance (aka extortion). Come out ahead no matter what heppens. -- -Fred W Toys for sale, Hey get your toys here: <http://users.adelphia.net/~fredwills/>

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