Quote:
Originally Posted by edpontiac91
There were some facts and figures in this article that I wasen't aware of, such as most people paying cash, how they outsold our Buicks by 4 to 1 and only 20 people out of 10,000 actually own a car. It's just conversation and some updated facts on an older subject. Sorry to bore anyone.
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hate to break this to you but the notion of credit is really popular only in US, and countries in Europe. The rest of the world, not so much. I know when I lived in Russia there was no "finance" a car, or "lease" one for that matter. You wanted to buy an S600, you better bring 150-200k in CASH to the dealer.
If you dabble in real Estate in US, and run into some Russians you will quickly find out that they like to deal with cash, no silly mortgages, plus stuff is more negotiable when you deal with cash.
That China bit doesn't surprise me one bit.