First, while cars are depreciating assets, the depreciation curve is a decaying exponential. This means that while the first year you go into the red, after 3-4 years you are back around the black again.
Second, interest free loans are practically better than spare cash. How do you know your parent didn't have $35,000 in spare cash, but wisely took the interest-free loan to leverage himself? You certainly cannot dismiss the possibility, as the poster must at least have respectable credit and/or income to qualify.
Third, your parent was merely making an observation on interest-free loans, which was pertinent to the parent of said post. Where do you fit in, criticizing his/her financial decisions and telling them what they should be doing with their money?
Second, interest free loans are practically better than spare cash. How do you know your parent didn't have $35,000 in spare cash, but wisely took the interest-free loan to leverage himself? You certainly cannot dismiss the possibility, as the poster must at least have respectable credit and/or income to qualify.
Third, your parent was merely making an observation on interest-free loans, which was pertinent to the parent of said post. Where do you fit in, criticizing his/her financial decisions and telling them what they should be doing with their money?
(My first two cars cost a total sum of $1200)