Quote:
Originally Posted by venturaII
Of course....no one is making you have a credit rating. BUT, ..
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With a car, it only matters if you want to borrow the money to buy the car. That has nothing to do with buying the car, that's taking out a loan. The dealership will happily sell you the car without the loan (but I get your point). A person could say the same about that new TV she can't really afford, or the $4000 suit he thinks he has to have, its just so ingrained into the American car buying process that you have to have a loan, most people never consider just buying what they can afford.
It makes it a little more difficult to rent an apartment sure, and it could possibly increase your cost of insurance, but it's marginal. In the case of an apartment it might require a bigger deposit. With insurance, you may have to shop around more.
Your advice, if you care about having a credit rating, is solid, no argument there, its just not mandatory.