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Reply to "How do so many young families have $80k SUVs?"
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[quote=Anonymous]In the DC area many of them come from affluent families and pay for their vehicles in cash. Eg. My grandparents bought myself and all of my siblings a car for our 16th birthdays. The Grandparents/parents paid for my college tuition. My in-laws gave us money for a downpayment on two houses and helped us buy a large family car before we had kids. So we have never needed to borrow money for cars and typically pay cash. I’m not willing to pay more than 50-60k for a new car, but my friends that buy more expensive cars have similar stories. [/quote]
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