gc2310
Bronze Member
Congratulations!!!!!!!!!!!!!!!!!!! It sure does feel good.
The main thing is don't buy what you can't pay for. But if you can save the money up to pay cash, then borrow the money for one rate and then get a higher rate on what you saved you can come out ahead.
For instance on my new car - borrowed at 3.75%, put the same amount of money in the same bank at 4.2%.
Plan on buying a used tractor, might take advantage of Barlow and Kubota credit, borrow the money at prime minus 2% (presently 1.25%), put the equivalent money in my bank at 3.7%.