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by Steve 313 on August 12th, 2009

Steve 313

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Would it be better for me to buy a 5000$ car and never use credit or debt are to put 5000$ down on a car and make payments to build credit? if I never pay intrest and invested that saveings wouldent that be worth more then good credit?

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  • by machinerat on August 12th, 2009

    machinerat

    First off, remember that a car isn't an investment, it actually goes down in value every day... so don't spend too much on a car.

    You could build up credit by purchasing everyday things (that you were going to buy anyways) with a credit card and pay the balance off every month. That way you don't have to worry about paying extra in interest. The most important thing is paying on time.

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