#25: New Ride, Who Dis?
If you take a drive around town, it probably seems like there are a ton of new cars on the road. Where are all these people getting the money to buy these shiny new vehicles? The truth is, most people lease these cars and then trade them in for something else after a few years. However, some people out there have enough money to afford a brand-new car.
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People who are able to buy brand-new cars are living in a different tax bracket. New cars are extremely expensive! Even if someone signs up for a loan and a payment plan, it’s easily a few hundred dollars a month. The rest of us will stick to buying used cars. They work exactly the same and get us where we need to go.