Well, being financially stupid doesn’t mean you’re also a “limp dicked piss baby champagne socialist.”
It don’t matter how they got the car. They could have saved up for years, have been cutting costs elsewhere in life, or just have a well paying job; buying a car at 40k+ and selling it for 20k, especially if they still have 30k left on the loan is a dumb move even for the financially illiterate.
In 2012 a Ford Focus full Electric was almost $40,000 MSRP with a probable markup at just about any dealer in the country. The only thing that makes that kind of investment affordable is the tax break. The Tesla model 3 (in comparison) was around $25,000 MSRP in 2019. With a 3 year auto loan at 5-6% interest that cost is $31,760.50. The electric focus would have cost
$49,305.44 for the same loan term and interest rate.
And they can’t even sell these vehicles for bluebook value (assuming that the vehicle is paid off and they aren’t upside down on the loan for say a loan term of 5 or 7 years).
A Mach e? Almost $39,000 MSRP. Chevy Bolt? $27,500 MSRP. Hyundai Ioniq? Almost $40,000 MSRP. Nissan Leaf is just over $29,000.
There aren’t that many cars that are good financial decisions to be made in a market with so few options where range and ability to charge are majorly important to what you buy.
Toyota’s Mirai isn’t even top rated and it starts at $52,000. So yes. Huge financial loss, and Tesla’s aren’t that expensive when compared to other brands (the cyberremoved not included).
Some people reallying don’t understand arp. Also staus symbol and they could have brought it realozed they are underwater on the loan and are stuck with it.
“huge financial loss”
So why do these people buy these expensive cars they can’t afford in the first place?
Surely they would’ve made a good financial decision and bought a used Toyota at a fraction of the price if their finances weren’t in order?
Well, being financially stupid doesn’t mean you’re also a “limp dicked piss baby champagne socialist.”
It don’t matter how they got the car. They could have saved up for years, have been cutting costs elsewhere in life, or just have a well paying job; buying a car at 40k+ and selling it for 20k, especially if they still have 30k left on the loan is a dumb move even for the financially illiterate.
deleted by creator
In 2012 a Ford Focus full Electric was almost $40,000 MSRP with a probable markup at just about any dealer in the country. The only thing that makes that kind of investment affordable is the tax break. The Tesla model 3 (in comparison) was around $25,000 MSRP in 2019. With a 3 year auto loan at 5-6% interest that cost is $31,760.50. The electric focus would have cost $49,305.44 for the same loan term and interest rate.
And they can’t even sell these vehicles for bluebook value (assuming that the vehicle is paid off and they aren’t upside down on the loan for say a loan term of 5 or 7 years).
A Mach e? Almost $39,000 MSRP. Chevy Bolt? $27,500 MSRP. Hyundai Ioniq? Almost $40,000 MSRP. Nissan Leaf is just over $29,000.
There aren’t that many cars that are good financial decisions to be made in a market with so few options where range and ability to charge are majorly important to what you buy.
Toyota’s Mirai isn’t even top rated and it starts at $52,000. So yes. Huge financial loss, and Tesla’s aren’t that expensive when compared to other brands (the cyberremoved not included).
Some people reallying don’t understand arp. Also staus symbol and they could have brought it realozed they are underwater on the loan and are stuck with it.