[quote=scaredyclassic]At under 1 percent interest for 5 y. It seemed reasonable to finance 100 percent of our cars.[/quote]
Only if you’re dead set on buying new. And having a financed car has other issues. With a house where you got a good deal, you can always put anything personal into storage and rent it out for a year, negating the mortgage payment if you want to spend a year outside the US. With a car, you’re tied down until you pay off the loan. Plus, you can’t go with liability-only for insurance, or make the car uninsured and non-op if you don’t plan to use it.
