Lots of things ‘totally suck’. So why the hell should anyone just give you a loan without a down payment? Why the hell should you even have a car if you can’t afford to pay for it?
Perhaps you would be more at home at another, less conservative, website? There, people might not be as keen on relying on themselves to fix their own problems.
I’m comfortable with libertarian and conservative websites - but I can’t even take websites like DU(H) in small doses. The private sector does great things when it is unfettered and moral individuals step up to the plate.
Nobody should give anybody anything, and the nothing-down financing of the past to just about anybody for anything was wrong and totally ridiculous. The $1,000 down bit is just a way for a dealer to eliminate risk while retaining a huge upside. You sell a $500-$1,000 junker for $1,000 down and if you never see another dime you at least break even and if the payments are all made on time you hit the jackpot.
You can oppose usury and still support capitalism - Dave Ramsey does it on a regular basis, and nobody has ever questioned his conservative credentials. What I don’t understand is the attitude that someone who wants to be economically productive should have to remain unproductive because $1,000 of car financing (to be repaid through proceeds of employment) is viewed as a handout or evidence of an entitlement mentality.
I have missed out on thousands of dollars of earnings and more than a few jobs because I don’t have a car, so this is a sore point for me.