Re: Why do people spend so much time and money on cars?
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The problem is, most Americans have absolutely no clue what they can actually afford.
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Agreed (or a greed?). Something that always annoys/amuses me living here is that people seem to think that making smaller payments over longer periods of time makes something more affordable? All three times I have bought a car in the US, the sales dude asks me how much do I want to spend. He of course means, per month. I say I am looking for a good price. He says I can make your monthly payments lower. It seems that people really believe this is having some effect on the purchase price.
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