It's always the same situation. You see a new car go down the road. You see another poor person.
People with new cars aren't fooling anybody: they're making payments and they're poor. I just can't seem to comprehend why people think it is so important to drive a new car. It makes no sense whatsoever.
Most new cars people drive usually cost around $20 - $30k. But people don't BUY new cars -- they lease them or make payments on them. And with new cars comes full insurance coverage. So when people buy new cars they are really making payments and then paying another $100+/mo for insurance. Moreover, as soon as you drive a new car off the lot it drops at least 10 - 20% in value. Every way you look at driving a new car is a loss. Does this sound like something a rich person would do?
But for some reason people still think that a new car is a sign of being successful, special, intelligent or rich. It means none of these things. When I see somebody driving a new car I immediately know they are poor. I know this because most people are poor. And if everybody is driving new cars then these people are poor. If you're like most people you're not special. Most people make payments on cars they can't afford. Congratulations, you're average making below average decisions. Everybody on the road also has a new car that they can't afford. Way to stand out and be different.
Now sure, there are a few people who might buy a Ferrari or Rolls Royce cash who aren't poor. I'm not talking about these people. I'm talking about the serfs who drive bank-owned property thinking they are special -- the people who get the ego boost doing what everyone else is doing thinking they are unique. Way to go guys. You might fool the other poor people but you don't fool me.Filed under: Misc, Cars, Poor