If you don't have $700 to spend out of pocket, then you don't have it. If you don't have $30000 to spend for that new car, then you pay it off over a period of time despite interest rates as most people do.
Yes but a car and/or a house can appreciate in value. Phones are outdated in three years lol. Anyway I don't care one way or the other. This is just a fun discussion for me.