Larry Winget Gives us a Lesson in Irony
Tagged with: irony
Have ya heard of this guy. He has a show on a channel, I’m not sure which one as I tried to look with fail, and has written a few books. From what I saw from the guy I was very impressed. He is funny, quick, and gives great advice. Then just tonight I saw this…
Someone tell me he’s not serious? Promoting buying a new car, to someone with credit card debt, and suggesting taking cash back rather than a lower APR? WTF!
Welcome to my blog! Topics tend to focus on Science and Technology, but I throw in personal stuff too. I hope you enjoy!
March 26th, 2008 at 5:58 pm
The increase in APR is probably less (even accounting for the size of the loan and its differential) than the cost of keeping that two grand out as credit card debt. And everybody needs to drive.
March 26th, 2008 at 8:21 pm
No one needs to drive a brand new car, that is by choice.
Depending on the offer the lower APR is almost always better, unless you are paying cash or taking a 2 year loan. When I was shopping around the deal Toyota had at the time was 2.9% (if you qualified) or 2 grand back which brings you up to about 5.25% (means you pay almost double in interest). If you add it up you’d be better to take the 2.9% if you could qualify and get a high interest savings account. Take your time paying off the loan and invest the rest of your money.