Quote:
Originally Posted by will76
I don't follow the logic, it was just a 3 - 4K credit.
People who buy things that can't afford typically have to finance it. The banks, especially the way they are now are not going to let people finance a lot more t han they can afford. How much income you make and your credit score is factored in.
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people bought cars.. without the credit, they would have stayed in the cars they were driving.. thats what i read..
US people are dumb and can't seem to pass up a good deal..
same reason why people bought houses with interest only loans knowing they couldnt afford the payments when the mortgages reset...
its the whole credit model in the US... why not buy today and pay tomorrow..
its the "whimpie model from popeye"...