I try and find a balance. I know so many ways to make money, with money, most times I'm better off owing. Ultimately if I'm losing 5 points on my loan but earning 20 points with those funds liquid it's a no brainer. I usually do shoot for a 2 years though I'll sign up for the 5 year with no panalty for early payoff.
Originally got a 5 year loan to get the car and simultaneously build up my previously so-so credit. Now I'll have great credit and no car payments!!!!!!! I'm going to save like a mofo this upcoming year!!!!
Nope. It owns ME. Yes, it owns me. It is a gorgeous black beauty, and is just like a demanding spouse. Gets a little bit of dust
on her, "Clean me, clean me". Gets dirty, "Wash, me, wash me". Tiny scratch "Buff me, buff me". Every few months, "Clay and wax me, wax me". The demands are never ending. "Vacuum me, detail me inside, clean the windows, etc. etc". It NEVER stops.
But I wouldn't change it for the world. Even though she owns me, I paid cash for her new. Simply gorgeous.