How are there so many $60, $70, $80+ thousand dollar cars on the road??

[Anonymous]

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Anonymous wrote:Audi A3 is $35k. Audi A4 is $45k.

OP here - I wasn't thinking the low end models like A3 or A4. FWIW, I'd much rather get a Rav4 than either of those. My general comment was that I see so many VERY expensive cars on the road and don't quite fathom how there are that many people buying such cars.

It’s pretty easy to lease a car, OP.

And leasing is 99% of time, a really dumb financial decision. But then again, plenty of people buy homes with 5% down that they really cannot afford (and definately don't need), take fancy vacations that they can't afford and don't save enough for college/retirement. Most Americans don't know how to budget and plan

PP here. Of course leasing is a stupid financial decision. But the kinds of vapid morons who drive cars they can’t afford are already financially illiterate so of course they lease.

Literally everyone who leases a car is dumb.

Yup! There is no scenario where it makes financial sense. Some say "its the way to get a new car every 2 years". Well that in and of itself is not smart. Nobody needs a new car every 2 years. Buy and drive for at least 4-5 years minimum.

And yes, many in America are financially illiterate. Most don't get "wants" vs "needs" and how to delay gratification. Kids start in their 20s and want to live just like mom and dad, but don't realize M&D didn't live in that 3K+ luxury home and drive luxury cars when they were 22. We lived in cheap apartments and drove basic cars while we paid off our student loans and saved for our first home.

There are many instances where leasing is the absolute best choice. You have to find the lease deals that make sense.
I have been leasing cars for the past 10 years. My monthly payments on leases are never more than $350. I lease for 3 years then rinse and repeat.
If you do the math on a $350 lease payment, that’s $4200 per year, $42k over 10 years.
I just started a lease on the Polestar 2 LR. Great deal for $299 a month. MSRP for the car is $56k
https://www.polestar.com/us/offers/new/polestar-2-2024-lrdm-lease/

Could I just buy a Camry or Accord for $35k and drive it for 10 years? Yes. But I would spend another $10k on service and maintenance over that time.
My leases come with maintenance included and warranty. Not spending a penny on maintenance.

Even if after running all numbers it would cost me $5k more over 10 years to lease vs buy. It’s totally worth it. Wouldn’t you pay $500 every year to drive a brand new car every three years and not have to deal with maintenance headaches ever?
That’s what I’m doing. It works with the right lease deal.

You're still pissing money away. Bought my Corolla for 11k and about to hit 350k miles. Original tranny and motor! Just change the oil every 10k and basic maintenance like brakes, fluids, etc.

Well you are pissing money away too. Bought my Corolla for $3k and about to hit 375k miles. You wasted $8k. What a stupid move you made.

Whatever crypto bro, you probably bought a crappy Audi or Big Money Waster for 100k.

[Anonymous]

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Anonymous wrote:Some people make poor financial choices. Smart people don't buy expensive vehicles.

The key is to be rich enough where buying a 6 figure vehicle isn’t that big of a deal for you. And not everything in life should be about optimizing net worth above all else.

Why would having money change what kind of car you want? Did you just start making money and got euphoria? I didn't want it before, I don't want it now. What else did money change for you and how distressed were you before to get excited about a car?

Because nice cars cost more money. With more money you can afford a nicer car. It’s not difficult to understand. If first graders can understand it, you can too.