You could have bought the car using a credit card and paid off, within the billing cycle. You would have received points for the transaction.
Another option was a loan, if <= 2%. You could have negotiated the price of the car, since dealerships get a kickback from the bank. You could have invested the cash in a CD and made money on the Delta % ( rates are around 2.5%).
You also have stocks etc, which are higher risk. So many options. You left money on the table.
Done it thrice till date with no change to the purchase price. You may not be able to swing the entire amount, but you can do a partial. Combine with a credit card with a sign up bonus to compound earnings.
Depends, were you offered a no interest loan or ridiculously low interest rate? If so then maybe, else no. If the loan rate was high you could have still taken it for the rewards and paid it off inmediately for the credit bump.
I’m a rewards points hound, so I would’ve paid for it on card, then immediately paid off the card with cash, but the final result isn’t too different than what you did.
Technically from a pure finance perspective if your best alternative investment returned a risk discounted rate greater than what you could have financed it for you should have done that, but the peace of mind of minimizing debts is typically worth it.
Don't burn yourself over a couple of percentage here and there. You work in the best industry possible. Just find what makes you happy. Is 2% worth the stress of having to cut a check every month? To me it's not. I prefer to buy things in cash just because I can and don't have to deal with a stupid lender or play by their deadlines and rules. Not everything in life is about money unless you're working a minimum wage job.
It’s not stupid. You avoid paying any interest in buying a depreciating asset outright by cash. Make sure you have smartly invested the rest of your money. Avoid debt as much as you can and be invested as much as you can.
If only you could read and comprehend what’s written. Calling people you know nothing about stupid or morons is not something you should be proud of.
I wish you to grow your gains and never lose, and never have any doubt in ability of your brain to predict future. In fact I am probably speaking g to a billionaire, so I rest my case as defeated in this heated argument. Take care my friend