Quote:
Originally Posted by jannieC
I disgree with this point only. If I had to pay cash for a car, I would not have enough money to buy something that is in good shape and safe. I have no problem, however, making the monthly payments. It comes out of my bank account each month and I have factored it in to our budget. 
P.S. It's not a mercedes or anything close, so maybe that's what you were referring to? |
No, I wasn't referring to everybody; I was referring only to people who buy flashy/expensive cars on credit without the income or financial fundamentals to justify it. So if your car costs as much or even half as much as you earn per year, then that is way too much car IMHO.