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Get a loan or pay cash for purchase?

C_Mababejive · 2013-03-10 16:50:05

Lets say you were looking to buy something for a reasonable sum. Perhaps a used car or other major purchase? Lets say the total cost was £8000,you have an excellent credit history. Would you buy the car with cash or would you seek the very best loan..maybe 5.5% and what would be the rationale for your decision?

Comments

C_Mababejive Posts: 11,668 Forumite

11 March 2013 at 9:35AM

Voyager2002 wrote: »

Not really: inflation will erode the value of the amount you have borrowed, but will have an equal effect on the cash you are keeping.

But you could leverage further credit with the cash you have to buy more debt to be eroded by inflation?

Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
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