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Originally Posted by Andybaby
because that's the way it runs. the world runs on credit
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It does not - but thats a discussion we better be arguing in the "Cultural differences between Europe and US" thread.
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so now you've got your car for 3 years already, and you didn't spend 6000 bucks on metro cards while you were still saving up to buy the car.
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Oh you forgot nearly all costs of a car (gas, tax, insurances, service, etc), you forgot the risk that a car can have an accident or get stolen, you forgot that TWO people will share ONE car, etc
Granted - if you have the money to pay for the car (e.g. a debit with the total sum needed to pay the car including interests) a credit might be less expensive then paying "up front", the same might be true for a 100% secure income (e.g. a secure monthly annuity), etc - but in many cases it will simply increase you risk (dont believe me? Take a look at the momentary crisis (e.g. credit card crisis in the US)).
A washing machine is a very good example - more and more people in Germany are starting to buy relatively cheap electronics like this via payment by installments (I hope its the correct term - you pay a monthly sum until you have paid for the complete sum) - Its the single most common way into (private) bankruptcy.