there are a few times that I will tell you to take on debt to get a loan mhm the first is if you are upside down on your car loan so this means what you owe on the original purchase of the price of your car if you were to resell it you wouldn't get that much so for example let's say you have a $60,000 car loan but you go to try to sell it today well it's worth $50,000 this is where I would say yeah maybe you would consider taking out a loan for the difference the difference there is $10,000 but maybe you take out $15,000 so you can go get a $5,000 car.
