[QUOTE=R8ers;6979940]
Quote:
Originally Posted by vailpass
Nothing wrong with getting a car loan you can afford if you want to drive something nice.
A car is an expense, not an investment.
If driving a nice new vehicle is worth the expense to you then don't let anyone tell you how to spend your money.[/quote]
It's not your money when you are borrowing it. If you are super rich, buy anything you want, but if you are a working man, you better buy what you can afford and take care of it.... I think America was slapped in the face during this recession and I hope people have learned and will prosper as a result this time around....
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It's your money you use to make payments. The interest is the expense you choose to pay.
To each his own. Loans are a very effective financial tool when used properly. There are several solid reasons for not driving a $9,000 car including warranty coverage and utility gained.