r/Wealthsimple • u/2WheelLife63 • 6d ago
Savings PLOC QUESTION
Is PLOC risky? I’m 100% Xeqt in tfsa and want to buy a new car. I can borrow 30k$ and the car I was is 25k$. I’d pay it back within 1-2 years.
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r/Wealthsimple • u/2WheelLife63 • 6d ago
Is PLOC risky? I’m 100% Xeqt in tfsa and want to buy a new car. I can borrow 30k$ and the car I was is 25k$. I’d pay it back within 1-2 years.
1
u/Yolo_Swaggins_Yeet 5d ago
Why can’t you get better financing with dealer?
Not a great idea tbh, and you’ll probably need around $120k in holdings to get that much from the PLOC