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personal property. Any debt that stands to make you financially better
off in the future--money to buy a house, get an education and start a
business, for example--is worth considering. Borrowing money to buy an old and complicated car, that is difficult and
expensive to repair, isn't a biggie as you point out. It won't lead to
anyone's ruin per se. But the time spent in debt from loans for personal
property is the time spent with reduced purchasing power and reduced
monetary opportunities; things better avoided sooner rather that later to
maximize purchases and improve long term financial outcomes as a
general rule.
 Chance favors the informed
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