The Feeling of Paying Cash for Your New Car: Priceless

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weirdasianews.com — Whether it be some fear of banks or a simple desire to avoid being in any sort of debt, many Chinese, like the guy in this article, are even willing to purchase a vehicle with cash instead of getting a loan.

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  1. Why get a loan on a heavily depreciating good?

    I always pay off my vehicles. I especially don't understand why people lease luxury vehicles. If you can't afford a luxury item you probably shouldn't buy it. But I guess that's the beauty of our country... People can do whatever they want. :)

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  2. @mishigaki, I think leasing some like leasing as there is less hassle factor.

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