I've been financing **** since I was 15 (i.e. dirt bikes, atv's, sportbikes, cars, trucks), through my dad's name starting out when I was underage. He signed the loans and I paid full payments on whatever I bought. Never missed a payment and between selling, trading, upgrading, over time you (slowly) build equity in all the **** you've been paying on. The vehicles that I've not bought new have usually been financed via signature loan at local bank(s). My dad signed with me for a long time until the banks were familiar enough with myself to just do the signature loans in my name only. I actually have a good friend that is now a loan officer where I bank now and all I have to do is text him with details on what I want to do and he sets it up for me. But, I'm only 26 and do not have the kind of expensive **** a lot of folks have. I'm also not that far in debt either other than my mortgage. If I stopped right now and made no more financial moves, just paid my bills and lived life, I would be free of any extra debt besides my mortgage and utilities in exactly 1.5 years.
There is nothing wrong with financing toys as long as you have conservative money managing skills. Don't borrow it unless you KNOW you can pay for it. No way I'd ever have saved enough money to start paying for toys in cash up front. I'd never have had half the toys I've owned if that had to be the case.