Replying to Avatar Lighthouse

Hey nostr, I'm looking to buy a USED SUV. I'm looking at a Toyota 4Runner ($$$) or a Ford Expedition ($$)

The thing is, I'm not sure if I should buy it outright with USD, or put a small down payment and get a loan (~$200 per month?)

As a bitcoiner, I'm not sure which is a better use of my money. I like to be debt free, but I know inflation will make a car loan get easier over time. If I buy with cash, I'll have to sell some BTC. Ideas and suggestions welcome!!! Thanks!!

#asknostr #grownostr #cars #auto #suv #debt #finance #bitcoin
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zhenya 1y ago

imo dont buy depreciating assets with expensive debt if possible. why pay 25k, for a 20k vehicle? many are doing just that with 4 year car loan at 9%.

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Lighthouse 1y ago

I could really use a SUV though 😮‍💨

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zhenya 1y ago

damn friend. lots of folks in a similar spot. rates may come down in sept. if you do finance make.sure theres no penalty to refinance