@Ac333e3@DMiCH_E@SolidBam If you can afford it, debt is a financial tool; that’s my point. If you can’t afford the 20/4/10 rule you shouldn’t do it. 20% down, financed for no more than 4 years, and monthly payment no more than 10% of your take home pay. Debt is good when you can afford it 👍
@DMiCH_E@SolidBam Maybe you need to take a comprehension class😂I said you can have equity in a vehicle, never called it a strong asset; also never said it would appreciate in value. I’d also say for at least 80% of the US a car would be considered a necessity.
@DigiDollarsBTM@SolidBam A car is also a necessity, nobody ever said it was an investment 😂 You pay your cars off quick, build your credit, and upgrade while you still have equity in the vehicle and repeat. Getting a loan you can’t afford and getting attached to the car is where people lose money 👍
@DMiCH_E@SolidBam A vehicle is a necessity if you don’t live in a big city with public transportation. And you most certainly can have equity in a vehicle 😂 rethink being smart 👍