News for hackers. Stuff that matters.

A comment on The global chip shortage is starting to have consequences. Parent comment

Re:The global chip shortage is starting to have consequences by stefan_ on Sunday May 09, 2021 @12:26PM (#27097260)
Except for the part where $0 down, 0% interest loan make people go for the 40k car they don't need instead of the 25k one.
[ Parent | on HN ]
Re:The global chip shortage is starting to have consequences by mywittyname on Monday May 10, 2021 @04:35PM (#27110583)
That's really neither here nor there. The discussion was more about transforming, "save up and pay cash" to "save up and get a loan anyway because interest is so cheap."

I picked $40k because that's roughly the median price of a new car. Whether your going for a $25k car, or a $125k car, the advice is the same: get a low-interest loan.

[ Parent | on HN ]