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And although a home may someday increase in value, this cant be said of the majority of cars on the road today. Paying Interest Can Drain Your Finances While most people simply assume that they will make a car payment every month, imagine what you could do if you never had that obligation.
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A Car Payment Eats Away at Your Safety Net Since my wife and I both own our cars outright, we have fewer monthly expenses. Should we lose our incomes, our safety net will last longer than it otherwise would have.
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