Quote:
Originally Posted by nation-x
So you pay cash for everything? I don't and neither does anyone I know. I have 2 car loans, a mortgage, credit cards, credit accounts and house bills. Why wouldn't someone finance a $10k seadoo? What you are saying doesn't make any sense. Credit = Leverage.
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Exactly.
You keep cash in the bank, and use someone else's money. Especially with good interest rates. That is cheap money!
If you pay cash for any big ticket item, whether you have it or do not, says a lot about their financial prowess, or lack there of.
