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Reply to "How do so many young families have $80k SUVs?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Lots of debt. Leasing like idiots. 8+ year loans. [/quote] The companies they own are leasing these vehicles for them and writing it off.[/quote] Plenty are into massive debt. I know people who take 6-7 year loans for a vehicle. Imo if you cannot afford the 3 year loans, you cannot afford that car [/quote] +1. Most who drive $80k plus vehicles do not own companies nor work as executives for companies who provide a car allowance perk. Most just love expensive luxury cars in the same manner they lavishly spend on homes, vacations, handbags, private school, etc. Their companies don’t subsidize such luxury items - cars are in the same boat. Many of the lower level workers in my company drive the most expensive cars. Go figure….[/quote]
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