Originally Posted by witeshark
My uncle explains that this planning results in all of a year's payments are interest only
- Not a good idea!
Well, this is the way the money system works. This is what people will pay for the conveinience of having a car before having money. There is really no way to avoid interest thoguh, what are you gonna do, save up and spend cash for a house? I'm no fan of debt, but it is a necessity.