Thread: Financing
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Old 04-23-2010, 10:39 PM
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patrickt patrickt is offline
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Cobra Make, Engine: ERA #732, 428FE (447 CID), TKO600, Solid Flat Tappet Cam, Tons of Aluminum
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Quote:
Originally Posted by jhv48 View Post
Because this way I got a 1% loan.
No, you got a loan that had a marginal rate that is 1% greater than the return on your investment. It's only a true 1% loan if the return on your investment is zero percent. Remember, you have to pay income tax on any return on your investment as well. But it's only a few hundred bucks a year, and in the scheme of what we pay on our Cobras that's really nothing. Mostly I wanted to bait RodKnock down a no-win money alley -- but he's probably too bright for that....
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