One more thing, without a "history" -- paying cash or paying outright on everything you buy -- means that lenders have a more difficult time in trying to decide whether or not you are a good credit "risk".
When you buy a house, the larger the down-payment, the more you show your committment. The more money you have tied up in the house, means that they risk less in terms of you defaulting or walking away from the property if things go sour.
So, if you have no "history" but a lot of cash, you still would be a better credit risk, then someone who had a lot of history (and a good FICO), but not a lot of downpayment.
In your situation, if the 40k car was not an important "need", then I too would strongly advise you to save it for your house down-payment. There are many safe cars and trucks that are safe and reliable in today's marketplace.
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