Quote:
Originally Posted by Snuffleupagus
People with no cash always seem to be the ones with the new expensive vehicles, I know a fella who's had 3 new trucks in 6 years, the new one he got this year was because he needed new tires on the previous one and didn't have the cash to buy them. I would bet his new $70k truck has a loan of at least $110k by now.
It amazes me how easy it is to add previous huge dept to a car loan(s) but buying a house/condo is impossible without a good down payment and proof it's actually your money in the bank.
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Yeesh, If you can't afford $900-$1200 for new tires you probably shouldn't be driving a $70K truck.