joepinetree posted:

So let's say you want to buy a new car. But financing is a mess with all that inflation. So what you do is, say, you and 23 other people create this "consortium." Every month, on a give day, you pay 1/24 the value of a new car that month. So between the 24 of you you can afford a new car. Then you do a drawing to see who will get the new car that month. So maybe you get a new car this month and will be paying 1/24th of a car, however much that is, for the next 24 months. Or maybe you will be the last one to do it. It was the main way people would buy big ticket items, from tvs to fridges.