I was drooling over cars for like 2 years but didn't have the money to afford one. Every time when I step outside I keep looking at different cars and wonder when I will get one.
Now I'm making decent and have sufficient cash to pay full.
The car I'm planning to get is about $28k and I will lose about 35% of my savings by purchasing this car.
But here comes the twist, I started to research a little bit and there are many people that say cars are the worst thing to buy, it's a depreciating asset and what not.
People like Garyvee, Grant Cardone says the same. take a look at this video haha
Now I'm really confused about whether to get one or not. What's bhws thought on cars?
PS: LEASING/RENTING is not a viable option in my country. and instead of paying full cash, I could get a loan also, but the interest rates are about 8% per year, so the car total price including interests will be like $32k, i don't think its good to get a loan
Now I'm making decent and have sufficient cash to pay full.
The car I'm planning to get is about $28k and I will lose about 35% of my savings by purchasing this car.
But here comes the twist, I started to research a little bit and there are many people that say cars are the worst thing to buy, it's a depreciating asset and what not.
People like Garyvee, Grant Cardone says the same. take a look at this video haha
Now I'm really confused about whether to get one or not. What's bhws thought on cars?
PS: LEASING/RENTING is not a viable option in my country. and instead of paying full cash, I could get a loan also, but the interest rates are about 8% per year, so the car total price including interests will be like $32k, i don't think its good to get a loan
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