Credclub

2021-03-24 15:06:33 A strategically acquired loan might be a more prudent move to finance big-ticket expenses such as a home or automobile versus dipping into your savings.

Here are a few reasons why taking out a loan for a big purchase might save you money in the long term.

Timeliness is Crucial
Not having savings or liquidity should not limit you from leveraging a once-in-a-lifetime opportunity which has the potential to unlock higher earnings for you in the future.

Doesn’t Disrupt Existing Savings and Holdings
If your savings are put away in property, long-term bonds and other financial instruments, liquidating them prematurely will deprive you of the full return you deserve on the investment. Such return lost may add up to more than the total cost of interest on your loan. Open / Comment