Well, I don't quite see it that way. I think it's bad advice because it is not complete and can literally be wrong in some cases. Sometimes, leasing is a good idea. When you can lease a depreciating asset for less than the depreciation you win, hands down. And when you can put the money to work or pay-off more critical debt (mortgage), I think you are better off. Anyway, I would love to debate it with the guy.
Originally Posted by cordoor
I'm not disagreeing with you. I'm simply explaining why I believe Dave says what he says.
I was simply saying "bad advice" is not the term I'd use.
I'd probably say he is feeding milk to babes. Whereas more sophisticated people like you would rather eat steak.
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