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Updated over 7 years ago, 07/31/2017

User Stats

25
Posts
6
Votes
Heidi Hughes
Pro Member
  • Rental Property Investor
  • Berkeley, CA
6
Votes |
25
Posts

Buy a car for cash or get a loan and buy more real estate?

Heidi Hughes
Pro Member
  • Rental Property Investor
  • Berkeley, CA
Posted

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    

  • Heidi Hughes
  • Loading replies...