financing high dollar mercedes, bmw, lexus... do people just want to look rich?
2007-11-15 05:45:24 · 11 answers · asked by wisdom4U 2 in Cars & Transportation ➔ Other - Cars & Transportation
Really most of the high dollar cars are leased when they are new. Reasons for this: #1 business people are trying to show being successful and is a right off, #2 regular people try to say they are rich, but really can't afford the car. When these are are turned back in, in a year or two they are then sold at a more normal price for a consumer vehicle.
2007-11-15 05:56:56 · answer #1 · answered by Norm W 3 · 0⤊ 0⤋
most people do finance their cars so maybe they just dont have all the money to shell out all at once or they feel more comfortable making payments some people r rich and they want to buy expensive things because they can
2007-11-15 13:48:37 · answer #2 · answered by jas 6 · 0⤊ 2⤋
You are right. People just want to look rich.
That's why so many get "upside down" and owe more than the car is worth.
2007-11-15 13:52:09 · answer #3 · answered by Sophia 3 · 1⤊ 0⤋
Because they are selfish. They should buy a smaller car if they need one at all and give the cash they save to someone who really needs it for something important like food, clothing and shelter.
2007-11-15 15:35:08 · answer #4 · answered by chris m 2 · 0⤊ 2⤋
who wants to pay all that in cash? you could invest it and get a higher return than the interest on the car loan.
2007-11-15 22:29:24 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Ego, plain ego. Having the best makes people feel better about themselves.
2007-11-15 13:48:22 · answer #6 · answered by banananose_89117 7 · 3⤊ 0⤋
some people are shallow, and not very smart with their money.
investing so much in a rapidly depreciating asset is foolish.
2007-11-15 13:50:21 · answer #7 · answered by sir_mix_occasionally 3 · 3⤊ 0⤋
income tax deptt. has a million eyes that is why it is financed many people also buy second hand to show they dont have enough money
2007-11-15 13:49:24 · answer #8 · answered by Dr. Knowitall 6 · 0⤊ 2⤋
Unless they have the overhead to pay them...they are foolish.
2007-11-15 13:48:03 · answer #9 · answered by CresentMoon 4 · 2⤊ 0⤋
Indeed they do Shaun, you are one smart cookie
2007-11-15 13:52:13 · answer #10 · answered by Anonymous · 0⤊ 1⤋