Comment on Anon tries to understand credit scores
TubularTittyFrog@lemmy.world 2 weeks agoit’s fine to finance a car you can afford. it may even be benefincial. i can take aout a 20K loan at a near 0 apr, i can take that 20K and invest it and get a return on it. which is better than dumping it all at once into a depreciating asset.
the problem is that people fiance cars they can’t afford.
ryathal@sh.itjust.works 2 weeks ago
Having 20k plus the cash flow to pay a 20k loan is a totally different scenario than buying a car for cash. If you need that 20k to pay the 333/month, it’s stupid to trust the market isn’t going to go down, and simple savings would net you maybe $500.
TubularTittyFrog@lemmy.world 2 weeks ago
the market hasnt’ gone down in like 15 years dude.
ryathal@sh.itjust.works 2 weeks ago
It’s gone down moth over month many times though. If you are dependant on that principle month to month it’s insane to trust the market.
TubularTittyFrog@lemmy.world 2 weeks ago
all that matters is the value when you cash out. if you are sitting there agonziing about an assets value month to month you’re doing it wrong.