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Re:How poverty changes your mindset by brokenmachine on Monday February 26, 2018 @10:07PM (#16470816)
> I wouldn't drop money on a spanking new car even though I can afford to and all my peers drive Audis or whatever, but I feel just OK with my over 100k Civic just because I like not having a loan on my head.

Needing a loan ≠ can afford to. Many people do not understand this simple fact.

Re:How poverty changes your mindset by pm90 on Monday February 26, 2018 @10:51PM (#16470951)
Really... so you wouldn't take out a mortgage to buy your house?
Re:How poverty changes your mindset by OkGoDoIt on Tuesday February 27, 2018 @02:12AM (#16471629)
I’m not entirely sure, maybe I will do that someday, but I’m certainly not comfortable with the idea. And I find it interesting how normal that is and how people don’t seem to think it’s a big deal.
Re:How poverty changes your mindset by vageli on Tuesday February 27, 2018 @10:55AM (#16474515)
I can afford to buy a car outright, but why would I? Most new cars have terms of zero interest for several years. If I can invest my money elsewhere while taking advantage of a zero-percent loan, why wouldn't I?
Re:How poverty changes your mindset by brokenmachine on Tuesday February 27, 2018 @10:41PM (#16480522)
Because even leasing a new car at zero interest will end up more expensive than buying an older car outright.
Re:How poverty changes your mindset by brokenmachine on Tuesday February 27, 2018 @07:55PM (#16479743)
I haven't, but would consider it. But I wasn't talking about a house.

You need a place to live. A fancy car as opposed to one you can buy outright? Not so much.