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Reply to "Stupid car loan/car buying question"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would buy what I can afford in cash.[/quote] did you pay cash for your house too?[/quote] NP. Are you really comparing a depreciating liability to a home purchase? wow...[/quote] even if you pay cash the cost of the car is still depreciating. So you can either spend a while saving for a car or get a loan with a low interest rate and buy it now. I don't see what the big deal is. I am not advocating buying a 50K car/something you really can't afford, but I don't see why a car loan is being looked down upon. not to mention homes can lose value too. Hello 2005. [/quote]
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