Why do people go back into debt when they were once debt-free?
My friend is 27, college-educated, lives at home with parents who own their house out-right. He paid off his 07 Civic last month (only 21k miles on it!!!!) and now wants to get a 2009 Nissan Z….WHY? Why would someone want to go into debt for no reason….especially when you have a paid for car with only 21k and a reputation of lasting forever if maintained properly?