Is getting a car loan a smart choice?
In my opinion I think a car is an asset that depreciates over time, so it is a bad deal to get a loan for it. I’m going to get an expensive car, and the loan repayment will take half of my monthly salary away. Would that be smart? I don’t have other mortgage and I am not married, so I don’t have too much responsibilities.
What do you guys do? I really want that car. I’m 25 by the way.