CarlBMenger on Nostr: After 70 months of payments, you've got a paid-off car that you bought for $40k, that ...
After 70 months of payments, you've got a paid-off car that you bought for $40k, that ended up costing you $50k (thanks to interest), that's now only worth $16k (thanks to depreciation).
So, as astronomically stupid as that is, why are people still buying new cars?
Published at
2024-06-28 07:55:29Event JSON
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"content": "After 70 months of payments, you've got a paid-off car that you bought for $40k, that ended up costing you $50k (thanks to interest), that's now only worth $16k (thanks to depreciation).\n \nSo, as astronomically stupid as that is, why are people still buying new cars?",
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