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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is an interesting thread. Most of these are smart financial choices. One little observation that I'm curious if others have noticed--as a general rule, people in the DC area seem to have much more modest car choices compared to other parts of the country. For instance, I see far more BMWs on sub 100k incomes in Chicago/Atlanta/LA than here. I am sure part of it is high cost of housing here, but wondering if there is another reason. Just a curiosity about what people value in the region. [/quote]

I think it is because people in this area are smarter than average and have higher education. They know how stupid it is to dump massive wads of cash into a depreciating asset you also have to throw tons of money towards for maintenance and insurance. Cars are money pits, and many people in the DMV know it.

I contrast this with my buddy in Indiana. Love him to death, but rolled my eyes when he said as soon as he makes $100k he's buying BMW 5 series or higher. Dude has 2 kids too and his wife doesn't have a lucrative career.

It's truly shocking how much Americans across the country are willing to dump into a vehicle relative to their income.  I bet there are huge numbers of pickup truck drivers who make less than $80k per year yet drive a $50k+ pickup with a 6-7 year loan term, lol. [/quote]

No, it's just that those of us with nice cars know it's a fool's errand to post them here, Reverse Snobs Deluxe.[/quote]

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