Great video Cody. While you made it clear you prefer not to have monthly payments, sometimes investing that money that you would use as a payment for the cars can help pay for the car and retain your capital. Making a simple comparison: If you get ~7% interest on your investments per year, and you can get a car loan for 4%, over the life of the car loan you will save ~3% of your money by investing your 'down payment' and then making monthly payments. Also, taking out loans and paying them on time can really increase your credit score for future purchases. Looks like you're doing big things since knowing ya in middle school! Keep it up.
Mitch Magee yessir bro! Appreciate the view! And yeah that def would be a NICE plan! I’m just so over debt right now with the cost of school 😩😂 And yeah man, came a lonnnggg way haha
Love this series! Keep em coming 🔥
Thank you so much!
Great video Cody. While you made it clear you prefer not to have monthly payments, sometimes investing that money that you would use as a payment for the cars can help pay for the car and retain your capital. Making a simple comparison: If you get ~7% interest on your investments per year, and you can get a car loan for 4%, over the life of the car loan you will save ~3% of your money by investing your 'down payment' and then making monthly payments. Also, taking out loans and paying them on time can really increase your credit score for future purchases. Looks like you're doing big things since knowing ya in middle school! Keep it up.
Mitch Magee yessir bro! Appreciate the view! And yeah that def would be a NICE plan! I’m just so over debt right now with the cost of school 😩😂 And yeah man, came a lonnnggg way haha
He's not getting an auto loan at 4%. I know people with perfect credit and years of loan history who don't get 4%. I suspect he'll be around 7-8%.
Whoa
Yessir!
💡💡💡
Yessir!