I financed my car at 1.9% and left the money in an annuity collecting 7%. I'll take that deal any time.
Yeah, I mean if you can't swing it anyways you shouldn't. Like, I'd work the spread like you are if I had that. But you COULD buy your car, your just financing it because you can use that money to gain 5%. I'm speaking more of if I couldn't buy something without financing it, I wouldn't due to the stress. A situation like yours it makes sense.
I'm no financial expert, so I just keep it simple. If I can't buy it I can't afford it.
If I finance something I couldn't buy straight out, then if I loose my job or something I'm in trouble. Someone with more financial knowledge than I might be able to work something better, but, that's the only way a simpleton like me can think of it.
BTW, **** you for having a 7% annuity!!!!!! lol I was looking at CDs last month and it was a joke. I was considering looking at government bonds or something? I donno.