> taking on debt for a depreciating asset is never a good idea if you can avoid it. Even that isn't necessarily true - if one is broke but one needs a car for

> taking on debt for a depreciating asset is never a good idea if you can avoid it. Even that isn't necessarily true - if one is broke but one needs a car for a better job they need to take on debt for the car. The debt definitely isn't an appreciating or incoming earning asset, but it is a good choice.