true i am 19, but in no was is it a good idea to take a loan out to get out of debt, your just putting yourself it debt farther. and if you get a heloc yeah you can get like 4 or 5%, but what about buying a car that has 0% fian. options. is it better to borrow money on 0% or 4%? I know more about fiancing and loans that most people.
i can see your understanding, but ive seen cars 1yr old with 22k miles that have lost 500 off msrp with deprication! the deprication only depends on the vehicle, what about all the collector cars like old hemis (yes this is after 30yrs, but its the same secnario). deprication depends on the market.