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Personal loan
For your first car, should you apply for a loan or purchase in cash?
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[QUOTE="Kurosagi, post: 15341, member: 3946"] Something I have noticed in my time of looking into money is that the government is greedy. It is impossible to completely free yourself from this greed while inside of the confines of the government's jurisdiction. That said, there are ways to delay and reduce the impact of this greed. One way is to create a corporation to buy this vehicle with pre-tax money and still reduce taxes by calculating the depreciation of the car. This can be considered one way to "cut your losses" when buying anything from houses to cars. Of course, there is a limit to this and you have to be able to prove that this vehicle is a business asset. I'm no finance professional so you should seek professional help for these things. This is just me planting a seed of legal rebellion in your mind so that you aren't ravished by the high percentage of taxes. Think about it. [/QUOTE]
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For your first car, should you apply for a loan or purchase in cash?
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