3 ms·
Paying things with credit instead of savings is a /terrible/ mistake?
by nurettin 8y ago
Paying things with credit instead of savings is a /terrible/ mistake?
- stevekemp 8y agoPaying 15% interest is a terrible mistake, yes. Especially for a depreciating asset like a car.
- nurettin 8y agoDepreciation is a concern if you are intent on selling said asset. If the credit deadline is one year, said friend will only pay 15% more and get to actually drive the car. That doesn't sound much like a terrible mistake, I've seen much worse.