what interest rate on a loan would make you pay it off now vs investing the money and continuing payments?
(context- I got a car loan at 6% without thinking about it much bec was too busy w other stuff to decide and figured better to get the loan and pay it off than not and wish I had... but now that I have time to think, should I pay it off?)
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Reply · Jul 17, 2023@losingcontrol23 yeah I'm just curious what ppl's number would be, taking everything into account... like if you're paying 1% interest it's probably…Reply · May 9, 2022@dx__ama Ha idk how to answer that... But what's the threshold between pay cash vs take out loan?Reply · Jul 17, 2023@tunient umm, kinda... the question is really "what interest rate can I get from an investment?" + how much adjustment for risk if the investment…Reply · Feb 22, 2023@RokoMijic can't you do interest-only loans w balloon payment after your timeline expires? I'm prob gonna do this w fam for house construction loan