Is it better to borrow money for a large purchase or save until you can afford it? Why?

Borrowing money for a large purchase can be better, especially when the item is crucial or there's an immediate need. For instance, if a family needs a car for daily commuting, borrowing allows them to purchase one right away rather than waiting months or years to save enough. Similarly, for a business looking to expand, borrowing funds to invest in equipment or inventory can lead to increased revenue and growth. Additionally, if the interest rate on the loan is lower than the potential return on investment from the purchase, borrowing can be a financially savvy choice.