How We Paid Cash For Our Last Car

One of the talking points of personal finance that many “experts” can agree on is that taking out a loan on a depreciating asset is foolish. You are making payments on something for years that will never be worth more than the day you bought it. The biggest example of this is a car.

While eliminating a car loan is something that most people can’t do, it’s something my family did in 2016 when we purchased my Honda Accord.…