News for hackers. Stuff that matters.

A comment on Ask HN: How can I convince my friend not to buy that new car?. Parent comment

Re:Ask HN: How can I convince my friend not to buy that new ... by stevekemp on Saturday July 14, 2018 @12:34AM (#17528837)
Paying 15% interest is a terrible mistake, yes. Especially for a depreciating asset like a car.
[ Parent | on HN ]
Re:Ask HN: How can I convince my friend not to buy that new ... by nurettin on Saturday July 14, 2018 @03:39PM (#17531973)
Depreciation is a concern if you are intent on selling said asset. If the credit deadline is one year, said friend will only pay 15% more and get to actually drive the car. That doesn't sound much like a terrible mistake, I've seen much worse.
[ Parent | on HN ]