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Reply to "Can you tell if someone is trying to fake a higher SES?"
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[quote=Anonymous][quote=Anonymous]To answer the OP, car leasing is the biggest one for me. Truly wealthy people don't do this, despite how much the posers like to insist "it's such a good deal!" and they could "totally afford to buy the same car" they just choose to lease instead. Yeah right. Cue the lease fanatics![/quote] I don't really care one way or the other, but my parents have an 8 figure net worth and they lease their cars. Mostly because my mom likes to have newer vehicles (and is kind of hard on them). When we were younger and they had more expenses and less money (though still solidly UMC), they always paid cash for cars. Then my dad got tired of my mom deciding she didn't like her car and wanting a new one every few years. FWIW, I would say DH and I are high income, but still building wealth. We pay cash for our cars, except the Leaf that he leases. Because who pays cash for a Leaf?[/quote]
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