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Again you live in some fake ass fantasy world....only the upper 1% have $20k-$30k cash to pay for something with enough left over not to leave them with no savings
According to American Family Financial Statistics..as of 12/26/2013...The average American house hold has $3800 in a savings account. 25% of Families have no savings at all. So the AVERAGE American cannot put down $20,000 on a purchase. That's why there is financing.
I am sure Brian can afford the repairs on his car, he just doesn't want to spend the money or didn't think it was worth it. And if he decided to buy a new car, according to you he is a moron because you are indicating that anyone who buys a new car over a 60 month term is using credit unintelligibly. 99% of assets you buy depreciate, not sure what your point on that was.
You really are thick and too stupid for your own good. You're the kind of stupid that thinks they are smart.
1) The assets you are purchasing depreciate because well you've proven that you have to have the latest and greatest technology and toys. Any large purchase I make will appreciate or depreciate as little as possible. Buy low, sell high. I.e. Buy a two year old car with $20,000 miles. I did. The sticker was $50,000+ I paid $28,500 cash. I was 25 and i by no means come from a wealthy background.
My point on that one was that the typical American uses the same piss poor logic that you do.
That brings me to
2) You quoting statistics about a bunch of indebted Americans to strengthen your argument about why it's smart to make the same poor decisions that they do? CLASSIC.
3) I have been here to have seen Brian through his highs and lows. I was here when he had a great job, was on top of the world and bought his M3 and house. Nothing could possibly ever go wrong, right? Life happens. If you live outside of your means and are too leveraged, a 60 month commitment simply means your mouth is writing checks that your ass can't cash. Think of where you were five years ago. Now think of all that has changed. The market took a shit, people lost 30% of their home values, hours were cut back and jobs were lost. Totally makes sense for B to overcommit himself again after he finally dug himself out...
4) My wife and I aren't the top 2% We are both under 30. She has never made six figures and has only had a career for two years, before that it was jobs in retail. Miraculously we have $250k cash to put down on a house after we pumped $50k+ into a business as an investment. Where is that in your statistics?
If your story isn't similar, maybe you shut up for a minute and listen. Just might learn something. Just a thought.
The thing I hate about the new 3/4 is that damn gill on the front fender. Looks terrible..Saw a new 4 series today. Nice looking car but the Gen is a much better option.