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@manzanopeek It is not a downside.

@kgr13 Actually the opposite - they prepay. Healthcare systems do not like it (and they have bought out a lot of practices) because they have a whole system to maximize billing.

@oceanwanderer Well you said you could not fix/replace a busted fridge after you bought the car…

@oceanwanderer You should have 6 months expenses in an emergency fund. Your scenario is a mismanagement of one’s finances where you spend more than you can afford on a new car. If you really have only $30k in savings then you likely only need to spend $5-10k on a car.

@oceanwanderer You should not spend your emergency fund on a car. If you can’t pay cash for a car then you can’t afford it. In your example you spent money on a car you could not afford. You should just buy a $20k car.

@suupertrump Do not take another car loan. Save up and pay cash. Car loans simply put you in a precarious position should an emergency happen. No one gets rich on the float on $100k - much less $30k. The juice is not worth the squeeze.

@suupertrump Cash purchase. Car loans keep people poor.