- Joined
- Oct 25, 2008
- Messages
- 1,586
Amount and terms are not quite as good as the loan availabe to West Point Grads. Definatly not worth taking the loan just to invest unless you pick your investments wisely and have a little luck considering the market as it is today. Some new car loans have interest rates that equal or beat the 3 %, using the loan for the purchase of a used vehicle could still be a good option. of course I'll disown him if he spends 25k on a used vehicle.
Thanks for the info JAM
Yeah, most of my friends have gotten car loans at 1.5-2% so it wouldn't be worth it for a car but for an unsecured loan, 3% is still great. I do disagree with your opinion on investmenting it, however, since I believe a down market is the perfect time to buy. Sure, you will take a hit until it bottoms out but then it'll rise again. If you're planning on investing for a long enough time then it is definately wise to take advantage of the bottom of the market curve.