Why do people spend so much time and money on cars?

[prohornblower]

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Because this is America and Americans are dumb and shallow.

I fully agree with you. Nothing dumber than financing a $70K Beamer and trading it in for $5K after driving it for 5 years and putting 100K miles on it.

This doesn't apply to people who purchase old beat up cars to fix up as investments. Those people are cool, and smart.

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This was stated earlier but I will repeat it, people don't buy cars as an investment. It isn't investment, they enjoy high quality automobiles.

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Checkraise, this is precisely what makes them dumb. You should think of every dollar you spend as an investment. If a purchase is not an investment, then it should be strictly for utility. A $20K car is fine for every human. A $20K car is strictly utility. A $70K (financed which means it ends up being much more) car is utility + $50K worth of worthless, superfluous crap.