If you don’t have a few thousand saved up, maybe find a cheaper option? A scooter or something? And if you really have no other option, get a proper loan rather than putting it on a credit card.
Yeah, my state is larger than England with population of about 10 million with no public transport. Not to mention our particularly harsh winters that would make a scooter impractical for 6ish months out of the year.
Most everyone buying a car does get a traditional loan, did I miss something stating people were using credit cards? Also, a lot of commutes include highways which scooters/mopeds can’t reach the speeds necessary. Unfortunately cars are a necessity for many outside of the few cities that have actual mass transit.
Yes but the article itself breaks the debt down into credit card, mortgage and auto loans. That’s where I got confused when you mentioned people using credit cards to buy vehicles.
If you don’t have a few thousand saved up, maybe find a cheaper option? A scooter or something? And if you really have no other option, get a proper loan rather than putting it on a credit card.
But yeah, maybe I’m too European to understand :)
Yeah, my state is larger than England with population of about 10 million with no public transport. Not to mention our particularly harsh winters that would make a scooter impractical for 6ish months out of the year.
Most everyone buying a car does get a traditional loan, did I miss something stating people were using credit cards? Also, a lot of commutes include highways which scooters/mopeds can’t reach the speeds necessary. Unfortunately cars are a necessity for many outside of the few cities that have actual mass transit.
“credit card debt” is in the title
Yes but the article itself breaks the debt down into credit card, mortgage and auto loans. That’s where I got confused when you mentioned people using credit cards to buy vehicles.