Interest rates on savings are super super low compared to interest rates on leasing/loans and credit cards. The 50k car you get a loan for will finally cost you 70k+ over five years- you'll never ever see a return on basic savings comparable with what you'll end up paying. Use your savings to make your purchases- his advice is sooooooooo bad!
Interest rates on savings are super super low compared to interest rates on leasing/loans and credit cards. The 50k car you get a loan for will finally cost you 70k+ over five years- you'll never ever see a return on basic savings comparable with what you'll end up paying. Use your savings to make your purchases- his advice is sooooooooo bad!
I'm not talking about getting a loan on a car. At least not in the traditional sense.
Also when did I ever mention a savings account? Lol