JeffK
Well-Known Member
While a car is a depreciating asset, it's sometimes important to get the right car even if that means financing.
Many times you need something reliable if you wish to keep your job, so not just ay car will do.
You need something safe otherwise you could end up with medical bills exceeding what typical insurance pays... or worse, the death of a loved one, in an accident.
It's easy to say, just save up for that particular car that fills your needs, but during this time you still need a job and you still want yourself and your family to be as safe as possible. Getting an auto loan and paying a small penalty in the form of interest is a small price to pay for reliability and safety in the immediate future instead of the distant future, which might be too late.
Sure, there are other cars which might be considered "safe" but as safe as a Tesla?
Many times you need something reliable if you wish to keep your job, so not just ay car will do.
You need something safe otherwise you could end up with medical bills exceeding what typical insurance pays... or worse, the death of a loved one, in an accident.
It's easy to say, just save up for that particular car that fills your needs, but during this time you still need a job and you still want yourself and your family to be as safe as possible. Getting an auto loan and paying a small penalty in the form of interest is a small price to pay for reliability and safety in the immediate future instead of the distant future, which might be too late.
Sure, there are other cars which might be considered "safe" but as safe as a Tesla?