Reply to thread

Message: <blockquote data-quote="Traveler" data-source="post: 402945" data-attributes="member: 7248">That's right. If you can refinance your home and pay cash for the car, you should get a lower effective interest rate, as a home loan is a lower risk proposition for the bank (immovable asset vs a movable asset). I don't worry about depreciation, as I figure I will be owning my car for a long time (my E36 lasted 11 years, and only sold it to get the E90 coz itchy to get a >200hp car). If I can afford to buy a new car every 2-3 years, then I figure I would be rich enough to not worry about depreciation at all. Since I can't afford that, I've decided to fully enjoy my car for a decade or so. Any new car owned for a decade or so would have almost fully depreciated already, so it won't matter which make or model I buy, the end result would be the same (more or less).</blockquote>