Money123: Car loans can turn into a spiral of debt
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Global NewsDan Healing
Money123: Car loans can turn into a spiral of debt
Canadians owe around $20,000 on their car on average. For some, those auto loans can add up to a heavy burden of debt. In this edition of our Money123 series, Erica Alini explains what you need to take into account when financing a new vehicle – Nov 2, 2019
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There are pros and cons to both approaches. Finishing off faster means ownership faster, so instead of 20years one can get their title deed in 10years. Buying cashflow properties enables one to reach out to their bond originator and discuss the possibility of applying after 8 months e.g Gross rental income R38 000 expenses R25 000 Net income R13 000. Its a numbers game 🤓🤓🤓 | Nong Wealth
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There are pros and cons to both approaches. Finishing off faster means ownership faster, so instead of 20years one can get their title deed in 10years. Buying cashflow properties enables one to reach out to their bond originator and discuss the possibility of applying after 8 months e.g Gross rental income R38 000 expenses R25 000 Net income R13 000. Its a numbers game 🤓🤓🤓 | Nong Wealth
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