I borrow against cash using Shared Secured Loans with our credit union, rates are 3% over what the dividend rate is. I use this to manage recurring annual expenses to ensure I have the capitol on hand the following year to make the purchase again. I intend to use it for future vehicle purchases as well, 3% is half pr less of going rate for vehicle loan and when it's "paid off" the cash is available for the next vehicle. If a payment cannot be made, I can forfeit that payments value from the loan with no hit to credit

https://fountain.fm/episode/jBQF5PWEjSvwT2jlMoqH

nostr:nevent1qvzqqqpxquqzpa0rrlm9y80wu2k3ugvztpwmj3np7cnkasm8j93j68tm79kjsn7ylc54sq