Quote:
Originally Posted by lovcom
Nothing wrong with wanting a nice expensive luxury car.
However actually buying one is profoundly bad for one's financial future in regard to building wealth, and security....
...unless of course, one is already there financially.
The single biggest reason the middle class buy luxury cars is to make this statement to their friends, family, and neighbors: I am better then you!
This is mostly an American phenomena, and it is indicative of our materialism, status-by-car, and other shallow thinking.
Oh, and don't feel bad if you can't afford a Lexus, Mercedes, or BMW, because more then 75% of those that bought these cars can't afford them either.
|
I am sorry, but my car purchases have been for my enjoyment and not for me to say "I am better than anyone". They were purchased because they drove extremely well, felt very solid, etc...
Granted, these cars were purchased before our son was born 6 mos ago. My thoughts and feelings on a LOT of things changed with that life event. One being not really needing to drive a car that handles well. However, the past purchases, agreed poor decisions, are "sunk costs" and what we do moving forward is most important.