Well...first time buyer I'm at 6.8%

Now...I'm up to 722 credit score and can get way better

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Sure I can, and i'd be right. One is tax deductible used to purchase an appreciating asset. The other is used to purchase a vehicle, which is a liability. A house is good debt, the car not so much.
That's the first thing you've said that has made any financial sense. Keep the Mustang several more years and buy a house. That's the right move.

What cash???? no offence to him, but hes 21 and way upside down a 5.0. Yea, borrow at low percentage and retain cash making more %. Great idea, IF you have the cash.

Don't be obtuse, the post I quoted mentioned a down payment.

This only works if you have the cash on hand, and the discipline to invest it and not spend it. If you're paying <3%, by all means. Over that,paying down the note is a better plan.

You say sure you can say it's different. Then at the end your still saying they are both debt. Which you just argued against....

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Guys guys guys...you say I'm 21 like I'm making 20k a year. Don't be so harsh!

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I said nothing of the sort. I very clearly stated that tax deductible debt used to buy an appreciating asset is a completely different thing than a car note.

You owe some one money and make monthly payments because you had to borrow money. That's debt. Whether it's for a house or car it's the same thing. It's still debt.

Now, is there a huge benefit to the debt from a mortgage? Of course. But that's not the point I'm arguing here and never have been.

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Im lost. He seems to be somewhat cash "heavy". In debt with family, upside down on a $32K car and didnt qualify for a 370Z loan. What down payment? Wheres all this money hes putting down? Invest what money? We are talking trade in values and loans, not MUCH more if Im not mistaken.

Ok, good luck with all of that. I love the infinite wisdom of people who were teenagers two years ago. Tell us more about how much you know about these things.

You realize we're trying to tell you some things so you don't spend your late twenties digging yourself out of a hole you dug for yourself at 21, right?

It was a scenario.....man, you guys are so dense today

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I love the infinite wisdom of people that can't understand we are arguing 2 different points. I agreed with you, and your still arguing. Jesus

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Not just today man. Most days. Mondays though, its bad, real bad.

There are three types of people in this world, those that can meow and those that cant.