AboutFinance Guy Expertise 1. All questions relating to finance
2. All practical aspects of mergers and acquisitions
3. Many general business questions
Experience Considerable experience in the area consisting of 25 years in both consumer and commercial finance and business management, including 15 years specializing in international Mergers and Acquisitions with over $100 billion in assets acquired
Education/Credentials Business administration undergrad
Wharton post grad in finance
Awards and Honors numerous corporate awards
Past/Present clients range from small enterprenurial companies to large multinationals
Expert: Finance Guy Date: 6/10/2008 Subject: Auto loan
Question Hi,
Is it advisable to take a loan from my 401k to buy a used car worth under 10,000$? What other way can I get the money and pay as little interest as possible?
Thank You :-)
Answer Relatives, friends, neighbors... for a low interest rate car loan.
Also, try a credit union.
Next try a bank.
If all that fails, then consider a 401K loan.
I would rather see you put your 401K into a self directed IRA account if your administrator will allow it and invest in some real estate.
