Greg you have made many excellent points in this thread but I got to agree with Todd on this one. Most people when they finance a car do so by asking "how low of a payment can I get?" usually never considering the interest rate, term, etc. They look at that low interest rate and figure out how much cash they'll have left over to buy more, yep, STUFF!. If they did it your way, sure, a great move, but teaching them that discipline is the challenge. I guess you're both right!
I love this thread and all it's points about investing. It wouldn't hurt to add to the discussion some tips on how to buy stuff, finance it if needed, as wisely as possible. I've always said one of the easiest ways to make money is to not lose it in the first place (or spend it foolishly).
