Yea, I suppose the theoretically best thing to do in that case would be to take the maximum 0% loan, use that money to make one big overpayment on your mortgage, and then divert the extra mortgage payment money to the car payment.
The main downside is that you are switching from an optional over-payment on the mortgage to a required payment on the car. The risk from that could swing it back the other way. I guess there are also some tax considerations (mortgage interest deduction).
The basic rule of thumb being âalways choose to keep lower interest debt over higherâ.
But if you canât make the payment, youâre only losing your car, not your house. And the difference in total interest paid over the life of the mortgage can be pretty darned substantial.
Thereâs articles that discuss this. They hire more administrative staff, and tear down old buildings (which had nothing wrong with them) to build bigger, newer buildings.
If you were going to school back when a clock radio like that was modern technology, you wouldnât have to worry about paying off student loans for the rest of your life.
As I understand it, a huge portion goes to the athletics programs, on the pretense they bring in more than they cost. In actuality thatâs not quite as true as they think. Another large chunk goes to student amenities- on campus health clubs, coffee bars, even crazy shit like water parks and ski resorts. Again, this is considered an investment, in that it gives that school an edge when courting those lucrative little student enrollments.
