Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

202
Posts
129
Votes
Dave Kush
  • Frankfort, IL
129
Votes |
202
Posts

Buy car cash, or finance and use cash to invest?

Dave Kush
  • Frankfort, IL
Posted

Thank you for reading my question.

I have been saving up cash to buy a truck, which I'd be using for both business and personal purposes. Assuming I can get a good rate on auto financing, wondering if it would make more sense to use that cash towards getting my next brrrr, and just borrowing the money to buy the truck instead. 

I have been trying to reduce my personal debt and am down to only the mortgage on my personal residence.  This seems like a way to get both the new vehicle and perhaps close my next deal, but I also want to make sure I'm not just talking myself into more personal debt. I have high W2 income, and have no problem handling the payment on the vehicle.

I don't really mind paying cash for the vehicle, except that I could instead increase my ability to purchase the next brrrr. I'm trying to take advantage of buying in cash.

Would love to hear people's opinions on this as well as what other factors I should consider as I weigh the options. Thank you for taking a look. 

  • Dave Kush
  • Most Popular Reply

    User Stats

    338
    Posts
    375
    Votes
    Jack Mawer
    • Lender
    375
    Votes |
    338
    Posts
    Jack Mawer
    • Lender
    Replied

    Save cash for the BRRRR! - an appreciating asset outweighs a depreciating asset.

    Loading replies...