Debt in general makes one a wage slave to the bank in addition to being a tax slave working for the gov't.
Yeah. I keep trying to explain that.
Finances/money are not his strong point.
“Insurance on a car of lesser value (used) should be less along with lower annual plate fees and less sales tax.”
True. But only up to a point. When cars get “old enough” the cost of replacement parts begins to rise. Popular cars of those model years become popular with the chop shops, so insurance costs rise on account of the frequency of theft and collision repair costs.