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Not always true with the car. You can get a very low apr for a new car where you can use that now for an investment or even high yields that have a higher level of interest. Worry less about repairs, and still be able to invest. CAN be better than used
The difference between good debt and bad debt:
8 upvotes. Yik Yak image post by Anonymous in Personal Finance. "The difference between good debt and bad debt:"
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Anonymous 15w

But the loan is still “bad debt” as it isn’t productive. There are ways to make it work but the debt is “bad” because it is a deprecating asset. Just because it’s considered bad debt by this categorization doesn’t necessarily mean it’s a bad purchase if that makes sense.

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