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  • Not judging in the slightest, we should all spend our cash on things we like, that’s what it’s for.

    I’m just old I guess. When I started buying cars in the late 90s finance wasn’t popular. If you had £2000 in the bank you bought a car that was £2000 or less, it didn’t feel like there was another option.

  • Also when you've made the mental leap of thinking about available money thinking about cashflow in borrowing massive amounts of money from the bank to buy a house, a monthly payment for a car doesn't seem such a stretch.

  • IMO the questions around how one finances a car is a deeply complex decision (especially with EVs) generally taken in about 5 minutes. The spreadsheets go out the window if you like the red one.

  • It did back then. Mortgages felt very different because you could never save enough for any sort of house, anything else you wanted you saved for. That was the socially acceptable way to do things for the majority. Some people paid monthly for things but very, very few.

    People who want to sell us things have managed to slowly convince us over the last 30 years that it’s fine to pay monthly for a depreciating or worthless thing we can’t afford to buy outright because it’s shiny.

    We’ve all fallen for it to some degree, whether it’s £10 a month for Tidal or £1100 for a Range Rover.

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