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Reply to "Keeping up with the Jones, is this why they buy new cars so frequently?"
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[quote=Anonymous][quote=Anonymous]We purchased two dream new vehicles over the summer. Loved them and dreamed about having something this nice after years of frugal modest cars. But honestly, six months later we're sort of bored with them. Is this bored feeling what fuels the upper middle class to always trade in for the latest and greatest (SUVs especially)? I don't necessarily think we're clamoring for something more expensive, just something different.[/quote] Middle class yes. And I suppose lower mid-UMC. Real UMC either do not get rid of cars for 10 years or they buy new ones and frankly could care less what it costs and there is no real impact on their wealth. Yes they could save the movey but they make so much it is not really missed. For example -- trade int he the two year old Mercedes for a new whatever --- maybe they use 30-50k in cash plus trade in. They are not missing 30-50k. Not a big expense.[/quote]
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