[balabaster]

Having financed my last 6 cars - all bar one of them from new and having made a vehicle payment every month of my adult life, I've learned that financing new vehicles is a fools errand. What you get in perceived reliability (and it frequently is only perceived), you lose in depreciation the minute it gets driven off the lot. When I've paid the final payment on my vehicle this month, I will continue paying that same amount into an account until this vehicle dies or has a repair bill beyond what it would cost me to replace it. I predict (hopefully accurately) that if I continue to look after it well, I should have plenty enough money in the bank to purchase my next (nearly-new-but-used-and-still-has-warranty) vehicle outright with someone else having taken the depreciation hit instead of me. Admittedly, I got to where I did now with credit, so my picture isn't black and white. I could have continued to use my bike for a few years, putting aside the money for a vehicle until I had enough to pay outright, I didn't - but that was the impatience of youth. If I'd had no/bad credit at the time, I'm sure being who I am, I would have found another way.

As for a house, it definitely doesn't take 10-15 years if you think outside the box cultured by our society.