ill admit, when i was younger (1
and first starting credit, i bought a car for $10,000. i didnt even haggle the price or the interest, i was just hyped that i could buy it! well i agreed to 24.99% APR, the legal limit at that time from what i understand. a couple months later i refinanced with my mothers credit union, dropped the rate all the way down to 5.9%, and saved $100 a month in interest! same 60 month terms. it was crazy. from that point on, i knew i needed to get my credit A+, keep it there, and pay the least amount of interest on anything that i could.
never in my life would i finance a luxury item at 10-20-30%. just shows how STUPID people can be in this sneaker culture. Paying thousands for a shoe that costs $15-50 to make, and now given the opportunity to add another $1000+ in interest. and people wonder why americans are always in debt.