re: Would you shiite your pants if you had a $700+ car note?

The problem with our collective views of borrowed money is that they mostly come from boomers, whose ideas were formed when money was EXPENSIVE. My dad is one of those “only pay cash for cars” types, because he grew up with expensive money. The house he bought in ‘83 was at 13% interest. Mine’s at 4 and I’m steamed about it.

I pay two car notes at 1.99% each. I have a stable job. It’s not that crazy of a financial decision.