Quote:
Originally Posted by jmg
Did you account for that 50% down payment on your car when you calculated 7% on you car payment? Because you can make your monthly car payment 0% if you put 100% down.
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Cash payments typically don't get people into trouble... especially if you have cash... recurring payments can and do screw everyone... that my friend is how every crisis we've ever had started.
Recurring Payments - Perfect Coming In. Screw you bad going out.
In virtually every other country of the world... cash is king, here recurring revenue / payments are king. Well, the latter is only true until everything goes to shit and we have a plethora of irresponsible parties.