| :the money for it, don't do finance it. Take that money and invest it in something that builds capital. Take what money? That's the whole point of borrowing, there is no "money". >Cars in general are bad finance decision. So using your logic, no one should buy a car because all it's going to do is depreciate. >A house is different story. I have over $150% equity in my house in just 6 years. Financing makes everything more expensive than the real price. Now if he took >that $20k and bought another house as downpayment, then that would be smart. Did you finance your house, and therefor make it more expensive? Just because real estate prices have appreciated dramatically in some markets doesn't make those homeowners brilliant investors. If someone wants to spend $50 a month in interest to own a car and they have the disposable income to do it, that's very reasonable.
Dustin
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