Ford Tough - Home of Canadian Ford Truck Enthusiasts banner
1 - 5 of 5 Posts

· Registered
Joined
·
2 Posts
Came across this thread and wanted to share my 2 cents. IMO, it's better to take out a car loan and pay for your car, which will eventually become your asset. The same thing to apartments. Btw, guys, what would you choose: mortgage or rent?
 

· Registered
Joined
·
2 Posts
Hey there. It's OK. Time to give this thread a second life. I totally agree with you, taking out a car loan is a better option. Leasing can be tempting with the lower monthly payments, but in the long run, you don't own the car, and you have nothing to show for all the money you've spent. As for your question, it depends on your situation. Renting is great for flexibility, but if you're looking to build equity and have a stable home, then a mortgage is the way to go. If you need any advice on getting a mortgage, you should definitely check out Mortgage Advice Doncaster. They're currently running my mortgage, btw.
 

· Super Moderator
Joined
·
1,807 Posts
No, it's not! This thread is dead for a reason. Leasing is pointless unless you are the leasing company. Mortgage for those who wish to have stability in life. Rent is for those who need to keep moving around mostly likely because of a job.
 
1 - 5 of 5 Posts
Top