> Basic financial planning would indicate that owning a money losing asset (i.e. car) is not a good idea. Only if you have an alternate way to get to work lik

> Basic financial planning would indicate that owning a money losing asset (i.e. car) is not a good idea. Only if you have an alternate way to get to work like good public transportation. Otherwise buying a depreciating asset like a car is the only way to survive in many places. It's like paying rent. Perhaps not ideal, but it is a practical reality for many.