No, but we have a surprising amount of people who don’t see too much of an issue with taking out a 72-84 month loan on an 80k truck. (that probably is over 100k with interest and fees)
Poor financial literacy, not really planning for the future, or thinking the reliability will make up for the extra cost. Either way, I suspect there’s plenty of people like that around the world, just that we have less public transport so most people actually need a car to get around (although most people would be better with beaters or just a couple years old sedan).
85% of america has 100k burning a hole in their pocket
No, but we have a surprising amount of people who don’t see too much of an issue with taking out a 72-84 month loan on an 80k truck. (that probably is over 100k with interest and fees)
Those people are brilliant
Poor financial literacy, not really planning for the future, or thinking the reliability will make up for the extra cost. Either way, I suspect there’s plenty of people like that around the world, just that we have less public transport so most people actually need a car to get around (although most people would be better with beaters or just a couple years old sedan).