Millercarbon- you have never financed a car? Do you live somewhere where a car is not needed? If not, you must be truly wealthy, and have been so from the time you started living on your own income, or you drove older used cars. The truth is, the vast majority of people do not pay cash for a car, I was in the high volume car business for a period of time (6 years) and I can count on one hand the number of times people paid cash for a new or newer model car. You make it sound as if paying cash for a car is something everyone who has any financial sense should do, and it’s simply not reality for the vast majority of people, nor should financing a car be looked down upon, especially as cheap as money is now. Credit is something people use to get something before they would be able to save up enough to pay cash for it, and when used responsibly is not a bad thing. Very few people deprive themselves of nicer things in life in order to have no debt, the responsible use of credit is simply the norm for most people to live a good life. After all, there’s no guarantee as to how long someone may live. I’ve known of people who have scrimped and done without in order to put money away for later in life, only to not have that “later in life,” time. I certainly don’t advocate going into the amount of debt to income the OP seems to have gone to in order to have a very nice amp, but neither do I think the responsible use of credit is a bad thing.
Institutions that supply credit do have serious investments and costs in their businesses, it’s not free to run a lending institution, people do DO something to be able to provide that service. My wife spent 34 years working for a bank and is now a top executive in commercial real estate there, and I can assure you she does not, nor has she not ever, done “nothing” to earn her keep.
Seriously, it took you over two years to decide on buying what amounts to a pretty affordable nice set of speakers?
