Quote:
Originally Posted by jambo101
Most of todays generation have no concept of buying what you can afford,the days of starting your driving in a $500 beater are so 1950,todays young adults get brand new cars as a first car and who cares about credit till 20yrs later it comes a knocking to the tune of "gee we owe $80000"how did that happen?  guess we'll just have to file bankruptcy and let some one else pay for our exstravagance.I've always bought my cars cash,sometimes i'm driving a $1000 car other times a brand new Yaris. Sure feels nice to owe nothing to anyone.,its all bought and paid for 
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Tht's a little harsh there, jambo. All of my kids started with bangers, and went on to buy reasonable cars. At present, only 2 of the 4 have actually bought new, and both of those were in the last year (these are 26 and 28 yr olds). My other two are driving 2nd hand cars that are better than the beaters they started with, but still secoind hand form the "lower" end of the spectrum.
My first Yaris was MY first-ever new car, and I'm 54 now. Kids only know what they are taught, and some of us teach our kids right.