• Aux@lemmy.world
    link
    fedilink
    arrow-up
    1
    arrow-down
    1
    ·
    1 year ago

    No, remortgage your property at super low interest rate below inflation and then buy with the cash you got. This way you’re saving crap loads of money.

    • ryathal@sh.itjust.works
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      That’s even worse. Now you have your house on the line for a depreciating asset. It’s the depreciation that makes financing cars such a bad deal.

      • Aux@lemmy.world
        link
        fedilink
        arrow-up
        1
        arrow-down
        1
        ·
        1 year ago

        Only if you want to sell your house in a few years. If not, it’s a money printing machine.