After 70 months of payments, you've got a paid-off car that you bought for $40k, that ended up costing you $55k (thanks to interest and insurance), that's now only worth $16k (thanks to depreciation).
But stacking $500 worth of #Bitcoin monthly is considered risky. HFSP
If people could just math
If you can't afford a car off the cuff, financing works. There's nothing wrong with this.
A car is a net asset, even though it depreciates in book value.
A car gets you to work, to the shops, out of the rain, saves you time and does cost money to run but it's a net benefit than sitting on a bus or waiting for public transport.
Same for a horse.
Imagine changing the timing set out or replacing a turbo on your Bitcoin.
🤷🏾♂️
In my personal hierarchy cars are the worst way to waste money after gambling and before recreational drugs 😂
Doing it on borrowed money is out of scale.
Buying a car with fiat that depreciates in value over time vs stacking bitcoin monthly that maintains/increases in value over time.
