[Chef-j]

Originally Posted by gtfoxy

Cars absolutely are an investment. One that rarely brings a return on that investment, but an investment none the less.

It’s not a judgment per sé, more an observation over decades of dealing with people. Majority of people I deal with have good credit & are fiscally stable. At the same time I understand the two are not mutually exclusive.

I also understand auto loans are way easier to get than what I sell. I would hope, however, that someone that can afford to put 10-20% down on any car pays their other bills, otherwise you shouldn’t be buying it. Pay your other bills first.

Maybe there are a lot of people that have $10-20k in cash saved up while having either a high debt to income, past dues or charge offs, & the accompanying 600 credit score to go with it, but that doesn’t mean a lender is going to take the buy on a $60k car. A $30K one, maybe.

That’s my point.

I’ve been in the position to have to tell people many times that what they are wanting to buy is out of their reach of getting a lender on, no matter if they put 50% down because you have crap credit & no one will touch you so you need to go fix your credit then try again. Sorry, but that’s the real reality I deal with.

Everyone has different way of view. I see what your point though.