They’re people who don’t want to buy a used car outright.
Idiots. You should never pay for a car more than its worth.
And it already began depreciating the moment its driven off the dealer’s lot.
This is not like a home mortgage loan which appreciates in value with every payment made towards paying off the loan.
A car loan is the exact opposite; it should really be called a suckers’ loan or a liars’ loan.
Exactly.
We never take out loans for vehicles. Used or new.
This is not like a home mortgage loan which appreciates in value with every payment made towards paying off the loan.
Does upside-down ring a bell?
I always buy used and with caution. Last one I bought is a 2005 GMC Yukon Denali XL. Needed new tires and an instrument panel rebuild. It was a decent deal at $10K. Runs smooth and solid.