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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]Any financial advisor will tell you that one of the worst purchases you can make is an expensive car. These people are buying them for show. The really wealthy and smart people are buying Hondas and Toyotas for cash and keep them for ten years.[/quote] I bought a Honda because I’m not wealthy. :lol: [/quote] As a financial advisor, I tell my clients this all the time but they still go ahead to buy expensive cars. Why? Because they can afford it. The truth is a lot of people in this area are either from money or make very good money. [/quote] And if they can truly afford it great. My last car cost me $95K, and my spouses next car will be $75K+. But we can afford it, we pay cash. But if we had to finance it, and actually budget to make it happen, we would be driving Hondas/Toyotas still. We aren't from money, we made very good money, managed it well and now get to spend it as we deem appropriate. [/quote]
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