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E ND | Well, he's not totally wrong depending on the situation.
First time car buyer, renting a place to live and currently rides a bus or taxi/public transportation to get around town. Those dollars are gone the minute you pay.
Wouldn't making payments for a set period of time on an asset you'd own at the end building equity? I'm not saying it's a good way, particularly with a NEW car given interest and other fees but if you need a way to get to work, I guess it's two birds with one stone isn't it?
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When did car dealerships start telling people that buying a new car was a way to build equity?
