The offbeat personal finance blog for responsible people. I know a woman who is a single mother and hit up her friends for money to replace the forex no deposit required 2015 corvette in her SUV. I will admit that peer pressure is real though.
I’ve had many people mock my car, and if I cared, I would run out and get a fancier one. Let them mock you all they want because those people clearly have a misguided view of how the world really works. Yes, it’s true a large segment of society still believes that the car a person drives is a status symbol that accurately reflects the level of financial success he or she has achieved. Dang, I hate when I do that. As far as smart people are concerned — and even dummies like me — the sticker price of somebody’s car can never be considered a reliable indicator of financial success. For example, here in Southern California I see teenagers driving BMWs, and Lexuseseses — or is it Lexi? I don’t think most of them hit it big blogging, or own wildly successful businesses at that tender age.
Is that supposed to be impressive? Heck, Jennifer’s friend owns a relatively-modest priced SUV and she couldn’t even afford to get the engine fixed. So clearly, one cannot determine the size of a person’s bank account merely by the type of car they drive. I know a couple that used to live in my little neighborhood community who drove brand new his and hers BMWs. The bank foreclosed on their house a while back and they had to move away. Although we can truly afford to drive almost any car we desire, both the Honeybee and I drove our 2001 Honda Odyssey and 1997 Honda Civic, respectively, for more than 15 years before finally getting new Hondas. Although she didn’t say so, I bet Jennifer’s car is paid off.
I’ll also wager the vast majority of newer luxury cars on the road aren’t. And while those over-extended luxury car owners will continue to be saddled with some hefty car payments over the next several years for the privilege of traveling to their jobs in style, the rest of us will continue driving our Honda Civics, Toyota Corrolas, and Ford Focuseses-es — or is it Foci? Most of us won’t give a darn what the others think either. Financially savvy people actually consider it a badge of honor. How these guys affording these cars?