Quote:
Originally Posted by mrvuml
If you're so financially challenged and living paycheck to paycheck you probably shouldn't be buying BMWs and accessories, especially on credit. Why should a vendor have to finance you, and take the risk, using BML just because you are unwilling or unable to pay for what you want when you want it instead of waiting until you really can afford it? YOU should be carrying your own burden for credit, not the vendor. Remember, poor financial/credit management and people living beyond their means is what got us into the current economic mess.
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I think the world has changed big time since our grandparents first started using credit cards and switched over from cash in the late 80's. They tended to pay off their mortgages by age 50, and paid their balances every month and used cash to buy small things like cars. Yet, they had to choose and often cut back on options or even buy the model lesser than what they really wanted. I saw people at work who are clearly in their 40's doing 30 year mortgages and putting only 35% down. Not that they didn't have any equity, just that the homes they were going into were 7 figures.
Today, anybody with fair credit and a pulse can drive a BMW, and accessorize it. We have leasing. It's not about what makes sense, it's about possession. So although you and I believe one should be in a good financial place prior to buying a BMW (because there are many fine alternatives that cost far less to purchase and operate), we're in the minority.