Quote:
Originally Posted by sparoz
Not a huge if  . Everyone's skill set is different. |
Very true, certainly depends on how confident you are with that sum of money.
Just remembering that paying it all upfront immediately locks up that sum of cash in a depreciating asset.
Quote:
Originally Posted by Reigns
This is true, but an investment loan for a house is what I call a super-duper good debt I'll go out on a leaf and say that any debt on a home (even a normal home loan) is a good type of debt because it's an asset that appreciates over time.
Debts on a cars are only EVER good when they are bought for business purposes |
+1, getting tax deductions on repayments for business purposes is a big incentive for hire purchase.