This is not well thought out but have you ever wondered what most people would actually be driving or whether they would be if auto financing did not exist back home? After living in Shanghai for many years, it occurred to me, as i have just come back to the US, that the US and its inhabitants may actually be a lot healthier financially if we all just bought cars we could afford NOW, not later. SO many people would no longer snicker at the Aveo 4 or the Yaris or even the Smart car because... well, they are practical and afforable.
Look at China, those who can afford a car, buy what they can afford, period. Lost of cheap little Santanas on the road...yes, I know they are overpriced old tech cars, but relatively speaking, they are what people afford. Sure we see the Ferraris, Jaguars, Mazeratis Benzs and BMWs but really its mostly affordable cars.
In fact, just think about how many people back home actually buy cars in cash and how many people don't... then ask yourself, if you had to pay cash for your car purchase, what would it be? Would you have bought your current car had it been a cash purchase? This isn't meant to be a snub at people who make less or have more financial obligations, just wanted to think about how financing makes us all think we can afford more than we should.
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