Originally Posted by Mark Antony
The problem is ya'll think too black & white. I used to live in a low wage area, with terrible transit, made even worse by an early start to my first job, late end to my second with a class sprinkled in there. Even with the two jobs I still couldn't keep up with bills and emergencies to save for a car. I had to get a note. This "on paper" life you guys preach sounds good, but it's not real life.
There it is.
This thread has been filled with extreme generalizations from both sides. You think it's so easy to save cash for a decent car? Try doing so making the average living wage. You think your entitled to a brand new '15 Corolla cause you graduated with a B.A. in American History? Good luck.
I know this is going to be a shock to most, but credit is a "necessary evil" for the vast majority of people living in this country. Between the cost of housing, food, living expenses, there is less money to do much of anything. Have a child or two? Even less money to work with.
Credit, like anything, is a tool to be used. If you don't do your homework, or have a plan go in, you can set yourself back for years. I've bought cars straight cash, as well as financed them for different reasons. There is no right or wrong situation. Both were right depending on what I was dealing with at the time.
In before "get a better job to earn more money". Too late.
In before "stop buying luxury items; live within your means". Too late.