Next Z to be unveiled in 2013 Tokyo auto show.

Pitch · 12-23-2013, 01:54 PM

Debt is debt and you can't say it's not. Im not arguing they are of the same i.oirtance or anything now, dont get me wrong

Did you not read the part where I said once I pass 10k it's for a house jot a car?

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Chuck33079 · 12-23-2013, 01:59 PM

Quote:

Originally Posted by Pitch

Debt is debt and you can't say it's not.

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.

Quote:

Originally Posted by Pitch

Im not arguing they are of the same i.oirtance or anything now, dont get me wrong

Did you not read the part where I said once I pass 10k it's for a house jot a car?

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.

Pitch · 12-23-2013, 02:05 PM

Quote:

Originally Posted by Chuck33079

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.

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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Chuck33079 · 12-23-2013, 02:08 PM

Quote:

Originally Posted by Pitch

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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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.

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12-23-2013, 01:54 PM	#1 (permalink)
Pitch Enthusiast Member Join Date: Jan 2013 Location: Garden Grove Posts: 347 Drives: 5.0 Yacht Rep Power: 14	Debt is debt and you can't say it's not. Im not arguing they are of the same i.oirtance or anything now, dont get me wrong Did you not read the part where I said once I pass 10k it's for a house jot a car? Sent from my SM-N900V using Tapatalk