Why Not Just Buy It Outright?

David has a super net worth. He's got a plan for buying a new car that he wants to run by Dave.

QUESTION: David and his wife are trying to decide whether to pay cash for a brand-new car, or put the money in an account and have it deducted every month. His net worth is about $2.2 million. Dave tells him why, with his net worth, he shouldn’t play games with this.

ANSWER: You are certainly in good enough financial shape to absorb the shock that the new car gives. But don’t play games; just pay these guys off. Trucks are way down right now because of gas prices. You can get a great deal.