Quote:
Originally Posted by Prog
That is an incredibly financially irresponsible reaction to OP's post.
If you are going to owe anyone money, you're going into debt. An asset is something you own. In fact, one of the definitions of "asset" is something that has value that can be used to repay debts.
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wut.
Yeah you owe someone money.. but you turn around and sell the car and you have the money to pay for it..
your last sentence. Asset (car) has value, can be used to repay debt ( car loan )