January 15, 2008

Posted by maggiefay

Should I take $18,000 out of my savings earning 4.25% to buy a new car or should I finance it for 6 years at 7.25%?

I am retired and don't need the money now. But, don't have a lot of excess income.

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January 27, 2008

Posted by Naomi

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I would take it out of my savings and then make the monthly payments to myself that I would of been paying the bank at 7.25%

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