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Updated over 7 years ago, 07/31/2017
Buy a car for cash or get a loan and buy more real estate?
Hi BP Community,
Here's a random question. I have a TDI Diesel car that VW is buying back for approximately $28K. I am looking for a replacement car. I was thinking it would be nice to use that cash towards another property! But, I can't do without a car. Dealers are offering 0-1.5% financing. Should I do a car loan for the next couple of years and use the 28K to buy another rental property? I have my own company and write off a portion of my car. Not usually a fan of car loans or leases but I am tempted with OPM that's so cheap.
Thanks,
Heidi