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I would tolerate auto loans as well. Tolerate, maybe, but I avoid going into debt to acquire depreciating assets. Even if the loan interest rate is zero, the r
by mikestew 6y ago
I would tolerate auto loans as well.
Tolerate, maybe, but I avoid going into debt to acquire depreciating assets. Even if the loan interest rate is zero, the rate of depreciation needs to be accounted for, even though I don't get a tax deduction for the depreciation of my personal car.