The Motley Fool Discussion Boards

Previous Page

Personal Finances / Buying or Selling a Home


Subject:  Re: Buying Retirement PLace in Fl Date:  10/26/2013  12:03 AM
Author:  aj485 Number:  126492 of 128884

Finance the first couple if you have to, but also be putting money away for a replacement so that you don't have to ever finance a car again.

I don't see any problem with financing a car if the terms are right.

Okay, I added some bolding to emphasize the key part of the first statement.

Having money saved up to buy a car doesn't preclude anyone from 'financing a car if the terms are right'. However, not having money/assets to purchase a car when one is needed will likely require financing on whatever terms are offered, even if the terms are crappy.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us