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Yup, you can see the steering wheel in the first 2 seconds

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To pay for financing to get a “credit rating” is the stupidest thing I’ve ever heard. But hey, each to their own.
Maybe, but having not had any debt for over a decade creates its own problems in a world that values a credit rating. If I have the excess cash to buy it outright, I could do that. Or, I finance half of it on 2.99% and while doing that, put the cash I then retain in an investment that with a higher return = credit rating being built while not costing me anything extra.
 
Maybe, but having not had any debt for over a decade creates its own problems in a world that values a credit rating. If I have the excess cash to buy it outright, I could do that. Or, I finance half of it on 2.99% and while doing that, put the cash I then retain in an investment that with a higher return = credit rating being built while not costing me anything extra.
javataco can't have heard many stupid things, and also clearly has no idea about how credit scoring works... this is a sensible idea.
 
I’m implying you don’t need to ‘build a credit score” here like in America, and the act of paying a fee to do it is insane.
If you don't have a credit history in Australia you are an unknown risk profile to lenders. Therefore banks will either not lend to you or will charge an interest rate higher than advertised. A secured loan like a car is a lower interest option to build this rating. So 'insane' is probably a bit mean.
 
If you don't have a credit history in Australia you are an unknown risk profile to lenders. Therefore banks will either not lend to you or will charge an interest rate higher than advertised. A secured loan like a car is a lower interest option to build this rating. So 'insane' is probably a bit mean.
In the context of Australia, this is true, but I think a car loan at 4% doesn't seem like an optimal choice. There are other leas costlier ways to build credit history.
 
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