For the most part I agree with everything you have said. In the original conversation I obliquely mentioned I took the stance that no one should finance a car o

For the most part I agree with everything you have said. In the original conversation I obliquely mentioned I took the stance that no one should finance a car over 7 years. I myself pay cash for all of my vehicles and simply limit my choice to vehicles I can afford to buy in cash. A couple of people came out of the woodwork to say that paying cash on a car is not a sound financial decision because I could otherwise invest the same money at gain a 10% return each year while only paying 1.5% for the debt. I made the argument that over a 3-7 year time span you are about as likely to come out down as you are to come out up in the stock market.