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The buy vs borrow paradigm is tricky - when interest rates are low it makes sense to borrow as savings earn nothing and credit is cheap, in the reverse situation the opposite is true.
The real trick is successfully planning for both scenarios which involves knowing when they might take place.
As for car purchases, most buyers here in the UK buy "nearly new", which means low (under 15K) miles cars from previous owners such as lease companies, hire car firms and even car makers themselves offering leasing deals to private buyers.
The only people who buy new are the really rich or company car buyers.
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[I]So long and thanks for all the fish.[/I]
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