Quote:
Originally Posted by excited86
problem with financing a car is that people expect they will continue to be k
employ while they have to make car payments. That fine when everything go smooth. However, this expectation is not so realistic for some people. They borrow a lot to have a car and when shit went down , not only they loss their car. Investors who brought securities or bonds backed by these people's car payments get screw over.
Sure some people may say u can make a bigger return elsewhere, but its only true if you can structure ur investment return lining up with ur car payment liability. For regular investor this is only possible if the dealer does not charge interest on the car payment in these days., ie Kia.
Without paying in full, you are making a gamble that ur investment perform at desired expectation.
Expect the worst , hope for the best.
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If you don't have confidence in keeping your job or finding another right after lay-off period, then a new car should be the least of your worries.