I think this is smart. I know many BITOGERS are against debt but I think it can be done intelligently like this. I’d rather pay the bank a few points in interest and keep my money working for me at a much greater rate of return.Mazda is currently offering 1.9% for 60 months financing on the CX-50. We could keep most of our money working for us, and perhaps, she'll soon be in a position to take over the payments herself.![]()
Just be cautious of being on the hook of the entire term. I know several folks who helped adult children out and got stuck with the entirety of the loan. Not suggesting that will happen just saying I have seen it happen before.