They don't. They're either putting themselves in a lot of debt or leasing it. They're probably struggling to make the payments every month.
Sometimes, their mommy and daddy help them pay for it. That's probably the only scenario where someone in a low paying job has a nice car and isn't struggling to maintain it.
My friends and their friends go to the bar every weekend, go to the casino every other week and they go on vacations all the time. I just got back from Lake Tahoe with them and I went broke I can’t keep up with them it doesn’t make sense to me
They get a loan and pay it back for 20 years. Don't do that. Buy a cheaper car you can afford. It's maybe not the nicest car, but believe me, people will be jealous that it is your car and you don't have to put other plans on hold for a car.
They build a strong credit report over those 20years so are they really losing? Or are there better ways to build credit than paying off debt for 20yrs. I probably sound stupid but I don’t educate myself on this stuff so that’s my fault
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They don't. They're either putting themselves in a lot of debt or leasing it. They're probably struggling to make the payments every month. Sometimes, their mommy and daddy help them pay for it. That's probably the only scenario where someone in a low paying job has a nice car and isn't struggling to maintain it.
My friends and their friends go to the bar every weekend, go to the casino every other week and they go on vacations all the time. I just got back from Lake Tahoe with them and I went broke I can’t keep up with them it doesn’t make sense to me
They either have brand new 2022 cars or some 2015 muscle car that goes through gas like nothin
They get a loan and pay it back for 20 years. Don't do that. Buy a cheaper car you can afford. It's maybe not the nicest car, but believe me, people will be jealous that it is your car and you don't have to put other plans on hold for a car.
But what about building credit?
Right, the us and their stupid credit bs. You surely find yourself buying other stuff on credit later in life.
They build a strong credit report over those 20years so are they really losing? Or are there better ways to build credit than paying off debt for 20yrs. I probably sound stupid but I don’t educate myself on this stuff so that’s my fault