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When did car dealerships start telling people that buying a new car was a way to build equity?
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Excalibur
Posted 3/27/2024 00:39 (#10682025 - in reply to #10681777)
Subject: RE: When did car dealerships start telling people that buying a new car was a way to build equity?


SC WI
Equity is the difference between value and debt.

Is a car the best way to build equity? Usually not. Is a paid off dependable vehicle a good thing to borrow against for a house down payment or other investment, yep. Usually a vehicle payment is a fixed monthly cost in most households.
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