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Originally Posted by Ganaraska  Your financial advisor is nuts. It is smart to go into debt for things that appreciate, dangerous to go into debt for things that depreciate. Think it over. |
He is NUTS is a polite way of putting it.
That is why we are in this mess and have millions of people upsidedown in auto, boat, and trailer loans.
A good financial adviser would have told you, if you can't afford to pay cash for a depreciating asset you can't afford it. But that is not the American way.