Quote:
Originally Posted by Pelican170
I know many people who save to buy a car. It makes much more sense to do than paying interest rates. I understand the credit point you are trying to make but there are other ways to improve your credit, that will not cost you extra money such as interest charges, but as you mentioned, it will make your credit jump if you need it. In my area, there was no options to purchase these cars for 0% what so ever. I also looked at Porsche's, but the only ones i like are the higher models which would mean i would be making payments forever, and I just don't see the point in that myself. Id rather pay it off as quickly as possible and begin saving for the next big purchase down the road... it really all comes down to each individual and what they are capable of doing..
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I tried boosting my credit via cutting my credit/debt ratio, credit-card use/paying off, etc etc.
I gained a whopping 8 points in over half a year.
That just seemed slow to me, so I financed a car.