Quote:
Originally Posted by Flames Fan, Ph.D.
The only place I would part ways with you is on car loans. Cars, almost by definition, depreciate. So the money used to buy a car is (practically) never going to be recouped. You're really paying solely for the utility in this case.
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True, I get that a car is a depreciating asset. (One reason I drive a Civic and not a BMW.) However, a car is a necessary evil where most of us live... so if you're going to own a car, and you have the credit rating to back it up, wouldn't you rather take the low interest rate, and put your cash in the market?