You don't need credit to buy a car, only to finance one. I bought my current car used and with cash and plan to do the same for my next one. Cars are a terrible thing to finance because they lose value so quickly.

If you want to build credit for a mortgage, use it to pay for a recurring monthly payment like car insurance or a phone bill. Pay it off every month and dont use it for anything else.

[–] grue@lemmy.world 5 points 1 year ago* (last edited 1 year ago) (1 children)

You don’t need credit to buy a car, only to finance one. I bought my current car used and with cash and plan to do the same for my next one. Cars are a terrible thing to finance because they lose value so quickly.

Yet another example of how car-dependent zoning is a trap. Imagine the financial freedom people would have if they didn't "need" a car in the first place!

[–] Gigan@lemmy.world 4 points 1 year ago (1 children)

Absolutely. Fuck cars.

[–] CommunityLinkFixer@lemmings.world 4 points 1 year ago (1 children)

Hi there! Looks like you linked to a Lemmy community using a URL instead of its name, which doesn't work well for people on different instances. Try fixing it like this: !fuckcars@lemmy.world

[–] Grayox@lemmy.ml 2 points 1 year ago

Good bot!