Oddbean new post about login | logout What about a used car?
We only buy used cars. My last one just died on me and won't be replaced.
Me too. I only buy used cars. But 25k € for a used car is too expensive
If I buy one for €10k, I would still save €352/month, but it probably wouldn't last 10 years. Same difference.
That's why i prefer old japanese cars. They cost less, they last for many years. Easy to fix, IF something needs to be repaired. Not easy to find spare parts though...
€352/month is €5725/year. That's a lot of money, for someone like me.
We're making more income than most people, so I don't really understand how so many other wives are driving snazzy SUVs around. I don't understand why everyone around us is living the lifestyle of the rich and famous. Where the heck do they get all of the money for that?
Smells like people owe loans to the banks...
Must be.
Then smells like Greece before... you know...
Reminds me of right before the US housing market collapsed. Houses and cars and TVs getting bigger and bigger.
They are in debt out the nose. Everybody is. And that is dangerous. In a healthy economy, somebody might take out say a million dollar loan, and build a factory that creates say two million in wealth, so the debt is sustainable. However, today, most debt is leveraged into things like housing bubbles, stock bubbles, and other things that aid consumption, but don't PRODUCE any real new wealth. Our society is going to learn the hard way, that extra low interest rates, don't "stimulate" the economy, and DO create bubbles. A lot of people want low interest rates, but in truth we should want high interest rates, so capital can be allocated by the market, and not by the central bank printing up money. Central bank imposed low interest rates do not help the real people who produce real wealth, it destroys them.
^ So much this