I paid cash for my car about 6 months ago. Philosophically, we don't buy anything unless we can pay cash. Aside from a 15 year note on our house, we carry no debt. I wouldn't have bought the car unless I was using money I wouldn't miss. May not be savvy but it keeps our reality of what we can buy in check.

2nd choice, lease through office and write off. Though legal, I might not have done so as the lease would certainly be large and a potential red flag.

 

And if you couldn't lease thru a biz with pre tax dollars would you still lease?

 

I'm with you

 

I will always use OPM(other peoples money,bank or credit union.) if I can make more from an investment(after fees). That is a no brainier for me.

The second benefit of borrowing is they hold most of the liability in case of a personal lawsuit. If you pay cash it will be part of the assets a lawyer will go after.

Keeping cash in a living trust will help protect it from lawsuits.

So most of the time living debt free is only good for peace of mind & not very smart when it comes to creating wealth.