As I'm sure you know you can
get much better returns than that on
real estate... this way you
get a newer car, not out all the cash, and you can
invest what remains of your money
into real estate making 15 %
+ I'd say that more than makes up for the 2 % interest on the car loan.
Now I am 60 and looking to do a like kind exchange and leverageing some of the proceeds from a
real estate sale
into multiple properties but if I
get 80 %
+ of the appraised value of my property and
invest it propertly it should carry me to the end.