Do you think big purchases should be financed with a loan?

[King Belieal]

There are those big purchases that cost some big money to buy. I see that many people prefer to take a loan to finance all those big purchases like a house or a car. Do you think that taking a loan to finance big purchases is really a smart move?

 

[Springtime]

Here, housing price is skyrocketing high, unless you are very rich, most people will take out a mortgage loan to buy their house or apartment. If you are just talking about other big purchases such as a nice TV or other household appliances, there's no need to take out a loan. Use your reserve or save until you have enough money to buy it.

 

[eLdavis]

I think the answer to this mostly depends on each individual, most people often see taking loan as their best option.

 

[Augusta]

Yes if you don't have personal funds. This allows you to finance the entire purchase right away, guaranteeing that you have sufficient funds to pay for it all.

 

[Kross]

If it is a huge purchase that is a sure asset, I think loan financing is a very good option to use for it.

 

[Nomad]

If there is zero percent interest and if you can pay your installment fees, I do not think there should be any issue.