It was a month and a half ago. It gave me an error with an amount. Surely I wasn’t trying to lease but that’s a possibility.I tried that using the finance calculator on the build page. It seemed fine with letting me finance $1 for 36 months at 0% APR. Were you using a different calculator?
I was partially joking in my post, but down payment isn’t required usually. I have financed entire vehicles + fees and taxes before no money down. I have excellent credit though.
Could be. The calculator defaults to "Lease" mode and when I put in some numbers in that mode it did show an error. I didn't stay there long enough to see if it gave a minimum amount, though.
What do you mean they get denied; the IRS audits you? I've literally never heard of anybody getting their HSA reimbursement denied and I am very active on the largest personal finance/tax board. I know people sitting on nearly 20yrs of receipts, just retiring, who are now cashing them out (to the tune of WELL into 6-figures). Yes, we pay for all healthcare needs out of pocket and have a decade of expenses all tallied up with receipts, low 6-figures in our HSA just waiting for us to ever need them - hopefully cover all our healthcare expenses in retirement.
You’re not very good with money management if you don’t understand why shouldn’t pay all cash upfront. This thinking will cost you thousands and thousands of $’s in your lifetime.
I have a similar situation, but mine is nowhere near delivery date; I was told that to get the “discount” they offered I had to use ford financing, but I was not told that I couldn’t use any other bank/ credit union. That sounds scary and plain criminal if you ask me, it’s like they are hijacking your truck for ransom. I hope you can get them to use whatever method you choose to pay. Good luck let us know
I'm definitely not, which is why I'm asking questions here on the forum. Thanks for weighing in, I appreciate all the feedback. I've gotten some great insight so far.
I've never actually had them denied, I have just always been told that there is a deadline to turn them in.
Yes you can absolutely do this with an HSA! An HSA is like a secret super 401k basically - pay your medical expenses out of pocket, let the HSA funds accumulate and invest them (typically you are allowed to invest any amount above a threshold around $3K required to be kept as available funds). Those investments can grow, and you can retain those receipts to withdraw that money tax free 10-20-30 years from now. Also, once you hit same age as required withdrawals for 401k (70?) you can take the money out of the HSA for non-medical expenses, exactly the same as a 401k.
According to my calculator .9% of 25K is $225.00 or $4.68 per month over the course of the 48 month loan. You make a very good point here on a monthly payment of around $525 an if you can pay $695 a month for 3 years and the loan will be payed off. I like the flexibility you get with the method.
