Therese wants to know if she should use a loan or a lease to buy a new car. The problem, says Paul Clitheroe, is that cars are money-devouring, depreciating disasters.
Elon Musk has impressively built from scratch a car marketing and manufacturing machine, but Tesla is expected to lose between $US0.64 and $US12.58 per share this year.
A few years ago I found myself with a student loan, car loan and HECS debt, and in urgent need of money to pay a large bill. I decided then to start making some changes.
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