View Poll Results: What should I use the cash for?
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January 8th, 2004, 12:42 PM
#14
Registered User
 Originally Posted by Ya_know
It all depends on what interest rate the WRX is at currently. If you are at anything below 2.9, I would strongly advise you not pay it off or pay it down. At 2.9 or better you would be better to save money with 2% interest, and you would only have .9% loss, yet still have a fat wad in the bank for emergencies.
Or you could invest the money, and make more than 2%...
Now, if the loan on the WRX is high interest...8-22%, PAY IT OFF! You are losing money big time!!!
Anything between 3 and 8 is a grey area; you have to make the call.
As far as new toys, I am married, with young kids. I don't remember what it was like to just buy something very expensive for myself 
I'm going to look you up when the time comes to finance my new car.
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