Imo, if you have a car payment, you fucked up
Just buy the best used car you can comfortably buy for all cash
Otherwise take the bus and save up
Depends on your cash flow, and credit worthiness.
High credit worthy individuals can get loan rates on car payments below inflation levels, and well below return rates on capital invested.
if you have the cash to buy a car, it makes more sense to take the loan out, make the payments with cash flow and invest the cash in assets rather then a liability.
Use someone else’s money to buy liabilities, pay them interest below inflation rates, use your money to buy assets appreciating above inflation rates.
Now you’re not fucking up, you’re playing the game better, and winning.
High credit worthy individuals can get loan rates on car payments below inflation levels, and well below return rates on capital invested.
if you have the cash to buy a car, it makes more sense to take the loan out, make the payments with cash flow and invest the cash in assets rather then a liability.
Use someone else’s money to buy liabilities, pay them interest below inflation rates, use your money to buy assets appreciating above inflation rates.
Now you’re not fucking up, you’re playing the game better, and winning.
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