Quote Originally Posted by Bruce Wrenn View Post
I don't remember any banks making 2% loans. Feds were lending them money for FREE, as in 0% overnight, and they are lending it out at up to 36%. Currently there is no reason to save, spend it while it's worth more. Savings are paying less than 1%, and inflation is a heck of a lot more, plus you get to pay income tax on that 1%. At the end of a year, you savings are worth less than when you put them in.
Just sold a van that had a loan with the rate of 2.25%. Got the loan 12-2020. Hated to part with it but things changed and did not use it enough to keep. Carvanna did give me $8000 more than I paid for it. had it two years and put 18k miles on it.