BicketyBam: There are also people not willing to gamble their money in investments. It CAN give you back 7-8%, but when the next thing happens in our unstable world you won't see any profit back. And if you are unlucky, you'll even loose the money you put in (high risk investments with no guarantees).
Me Ignorant? I beg to differ. I am not talking to those who keep their money in their investment plans. I am talking to those who get in over their heads because they want a car or any other piece of equipment they can’t pay for in cash.
My advice, add the money you have in investments. Does it equal or surpass the value of the car you want to buy on credit, go for it. If not, save more and then get it. You NEED a car asap? There are cheaper alternatives to the one you want I am sure… Keep control, and it will keep you out of financial trouble. It would suck to give up date night and trips to the track and all that other good stuff because you have to pay for car-payments.