On Mon, Jul 26, 2010 at 7:08 PM, <eric@megageek.com> wrote:
> I agree with him that you should only buy a car that you can pay for in
> cash. Save up enough money to buy a beater and pay in cash, then as soon
> as you get the car, start saving for another car.
The classical problem here is that somebody needs a car to get a job,
so they will have the money to pay for the car.
Sort of the same reason businesses need to borrow money.
But I have heard some people asking about how to borrow money to buy a
collectible or other "play" car. Now THAT's really silly.
Doug
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