car loan

Use a 2% CD to Pay for a 3% Car Loan

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That’s right. You heard that correctly. It’s financially better to use a invest money into a 2% Certificate of Deposit (CD) instead of paying off a 3% car loan directly. The math checks out. Buying a $35,000 Car Scenario Here’s the scenario, you want to buy a $35,000 car. Assume the following: 5-Year Term A … Read more Use a 2% CD to Pay for a 3% Car Loan