So for 6 years, he had to make a car payment. It didn’t matter if he lost his job or his income or whatever. Every month, that payment had to be made. And if the lender “lost” a payment, they would screw him like the slut he was until he could get it straightened out.
OTOH I bought a car and I don’t have to make any payments. I paid $3,000 for my car. How much did he pay for his car? If he even paid $20,000, is he $17,000 better off than me? I don’t think so.
If he even paid $20,000, is he $17,000 better off than me? I don’t think so.
People are not only different in income. They are also different in lifestyle and needs. A simple example: A guy that drives alone on 50 miles of highway each way to work every day needs a different car than a real estate agent working the same 15 mile radius, even if they both make the same money.
And one guy might drive a really nice car because he very much enjoys it, or uses it as a mobile office, and lives in a single wide, while another guy drives a reliable dented up beater to walmart once a week and lives in a really nice house.
Different strokes and all that...
And in this is a kernel of why I bristle when people ask why someone needs an assault rifle. They have no right to expect an answer from a question on a subject that is technically none of their business. Who are we to judge the perchasing decisions of others?
Few people have zero debt. And, knowing human nature as I do, those that do have zero debt are simply fighting different demons than those that have debt.
So for 6 years, he had to make a car payment. It didn’t matter if he lost his job or his income or whatever. Every month, that payment had to be made. And if the lender “lost” a payment, they would screw him like the slut he was until he could get it straightened out.