It's pretty much just an excuse.
I was talking with a friend the other day and telling him about my experience in San Diego when I lived there... every one of my friends had brand-new cars. Nothing completely fancy, but brand-new. We are talking $15-20k cars. Every one of them worked in retail, had credit card debt, was living on their own, etc. Yet, they had to have that $15,000 new vehicle even though it made them absolutely broke every month.
No idea man, no idea...
The real killer is that 20% financing. Most of them could get that wrapped up into a bank loan at under 10%, maybe 13% max. I don't know if they just don't realize that or what...
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