Cobra Financing

[WarrenG]

When I bought my Dodge Durango, I refinanced the house, got a lower interest rate and the payment was well within our ability to pay. I just figured out how much more I had to pay to pay off the truck in 2-3 years and the interest was tax deductible. When I bought the Cobra, I took out a second on the house. Because we'd been in the house so long, my new payment was still well within our income, in fact we could probably still have made the payment with only one income. Interest was 5.5% and tax deductible. I still think both were worth it so I could drive it now rather than waiting. If you can afford it finance it.

Because I took out the second when I ordered the car, I had the money available to make the progress payments when they were due. In between the money stayed in fixed investments making approx 4% so my net was 1.5%. By writing off the loan interest and claiming the earned interest, my net was still around 1%.

Hagerty... They won't insure the cars, but you telliing me they'll finance them?