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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.
Hefty-
Some people paid monthly for things but very, very few.
That's not quite true is it,as a kid in the 90's knew plenty of kids at school who has a TV or hifi from radio rentals or bought clothes on credit from the Littlewoods catalogue, these were all so they could get things they couldn't afford outright on monthly payments
They all had shit, rusted out cars though as yeh credit wasn't around for those in the same way
greentricky
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.