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by givehimagun 2378 days ago
Agreed - how would anyone buy a car without financing?
1 comments

You save up around €3000 to buy a second hand car, such as a 2010 Peugeot 207. After a while, you save up another €3000 and trade in the Peugeot 207 for a 2012 Renault Laguna. You repeat that a couple of times until you are able to afford a new car or until you are no longer able to upgrade to something better.

That is how hundreds of millions of people do it here in Europe.

Somebody somewhere has to buy a new car. Europe is not devoid of car loans. https://www.ft.com/content/8b6607de-6304-11e7-91a7-502f7ee26...

(Yes, I'm a secondhand car person myself, but heavy car commuters tend to buy new or even lease because the quality of car affects the quality of life for hours a day)