3 ms·
> Or you buy a car. It quickly loses value, but you still have the debt based on the original purchase. Aside from perhaps the first year of owning a financed
by insaneirish 8y ago
> Or you buy a car. It quickly loses value, but you still have the debt based on the original purchase.
Aside from perhaps the first year of owning a financed car, it is worth more than remaining principal on the loan for the majority of the loan's duration.