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      01-21-2020, 11:30 AM   #32
corn18
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Drives: 2020 X3 M40i
Join Date: Jul 2019
Location: SW OH

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2014 Jeep Wrangler 2D  [0.00]
2015 Chevy 2500HD  [0.00]
2015 Z4  [0.00]
2020 X3 M40i  [0.00]
Quote:
Originally Posted by DriverDaily View Post
What's the purpose of using the funds when the cost of a loan is so low? The interest is $3,124.86 on a $40,000 5 year loan. You setup an auto withdrawal on $719 per month to make the payment and in 5 years of a 6.5% return your car is paid off and you have an extra $4,223 in your account. That's before you even calculate the taxes, which will always be higher when you take a lump sum like that instead of $719 a month.
Don't mistake average returns with actual returns. You WILL pay 3% APR on the loan. You MIGHT get 6.5% return on investments.
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