I don't agree. Especially if you can use debts and its interest to reduce your tax bill, debts are fun to keep. And with brand new vehicles, you can enjoy the latest technology money can buy.
I guess we see things differently. For example, I buy a car so I can move from point A to Point B. I'm a technology enthusiast, but if the car is still running and its safe, that's all that matters - I don't care about the tech. As far as your tax bill is concerned, take some time and do the math, do an analysis, at best, its the same thing - zero gain. Debt is not fun, especially when you lose your income and the bills are due. Seen it happen to others, I'll never let it happen to me. More savings for emergency, for me, and no debt, thank you very much!
