/biz/ - Business & Finance

>>25520785
Multiple reasons why loans can be good:
-Inflation. Sometimes the inflation is higher than the interest, so basically the money is worth less by the time you have to pay it back. People who say <2% interest/year loans are free money are absolutely right. If you can finance something with 0 interest instead of paying in full do it.
-You are in a position where the extra funds allow you to make enough money to outweigh the interest.
-You don't have to hoard cash, meaning you can use your money to make more money instead of hoarding it, again, outweighs the interest you have to pay.