I see alot of guys driving nice cars on the road… is it really just all financed?
I’m still making payments on my 2017 BMW X5 loan..
>>61010105Or they have rich boomer/gen x parents. I don't think people realize the growing inequality gap between having parents who were financially responsible vs having parents who were financially illiterate retards with substance abuse problems.
>>61010242This. It seems like any retarded boomer could sleepwalk into success, but now that half of Europe isn't rubble, the other half isn't communist rubble, and Asia has moved from peasant farming into manufacturing; we're seeing which boomers were peasant-brained retards that should have never been successful.
>>61010105
>>61010105Yes, everyone is paying a car note on flashy vehicles.
https://pirg.org/resources/driving-into-debt-2/#:~:text=Currently%2C%2085%20percent%20of%20all,from%2046%20percent%20in%202009.8>Currently, 85 percent of all new car purchases in the United States are financed, up from 75 percent in 2009. In addition, 53 percent of all used car purchases are financed, up from 46 percent in 2009.8
>>61010105The answer is almost always yes and almost always at ridiculous interest rates too.
Guy I worked with who is a boomer and fairly competent (so I assumed he was rich) drives a Model 3, one day I asked him about it and he said it was leased So yeah people don't own as much as they appear toEverything is a facade these days
>>61010105best part is when they have to sell them and downgrade to a more humble vehicle. Seen it many times kek
>>61011476Lease isn't a bad option desu. Modern cars are unreliable and any minor repair can easily run into the thousands. New cars will rarely make it to 30k miles without some major fault appearing. Making it the lease company's problem is the smart thing to do. Yes, you will never own the car, but who gives a shit? Depreciation is so bad you can hardly consider it a worthy asset.
>>61010242This. Young East Asian driving luxury vehicles? Owned. With help from parents. Any other race in Canada and Usa and you have to look at physiogamy of driver.
>>61010242Yeah, everyone my age that I grew up with is retired at 35.
