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10-18-2010, 11:34 AM
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Turns out my CRS is a symptom of TMB.
Join Date: Jan 2010
Location: Chicago suburbs
Posts: 2,916
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I suspect that most people need to buy their first car on credit. You need a car as soon as you start work and probably don't have the cash to buy even a clunker.
But if you buy a decent car and don't extend the loan payment out forever, then you should be able to buy your second car for cash - if you've been putting the same money into savings once the loan has been paid off.
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