<p>Because it really sucks to have your entire paycheck accounted for before you even get it. The less loans, the more you get left over from that paycheck.</p>
<p>Btw, most people are not getting $40k loans for cars. If they are, they have the income to cover it unlike 18 year olds. I have only a $6k loan on my car and while I can easily afford it, I can’t wait til it’s done</p>