Most of us would take a loan when we buy a car. 5yr, 7yr or even 10years.
For the roof over our heads, we take even a much bigger loan, starting at 10years to even 20years.
As for electrical goods and photo gear, I guess not that many would buy on credit. Except maybe on credit card. That is a separate matter altogether.
Just wonder if living on Credit is a good thing.
But, in the business sector, working on credit is Standard Operating Procedure. You get your goods delivered to you on credit. You sell them on credit as well. You get a bank overdraft. Better still, you get a bank loan. Just that everyone is owing someone else.
Now just imagine if there is not such thing as loan and credit - there would be very few cars on the road! And hardly anyone can afford to buy a house......