[Dingocooke]

My opinion pretty much all debt is bad debt for the borrower; if you borrow money to buy a non essential toy; the mental burden of the debt usually lasts longer than the joy of owning the toy.

As others have said, if you cant afford to pay for it, then you cant afford it.

Mind you the current situation is not all about sub prime loans; the banks and financial institutions have been stupid on many levels; too many credit card approvals to people who cant afford to pay, and way too much risky trading with bank (aka your savings) funds; why else are most of the major world banks begging for state bail outs?

My toys, paid for cash after long saving and building up to the stuff I have now; hard work feels better than instant finance; but maybe Im old fashioned!

Remeber though, even paid for cash its no investment. If I borrowed money for a Kirkham (or whatever) I wouldnt be able to look at it without feeling the debt burden; borrow in haste regret for years? Probably.

My take? There are some great bargains around used, and logic says there will be some reall steals as the situation really bites; look into your finances and what you can really afford to spend (not borrow) and go from there.

Probably not what you wanted to hear, but thtas how I see it; have fun and hope you make a decision you are happy to live with.

Steve