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A comment on Experiments find higher social class more likely to have inflated sense of skill. Parent comment

Re:Experiments find higher social class more likely to have ... by madengr on Monday May 20, 2019 @09:48PM (#19967002)
I think “Idiot with a car loan”. As Dave Ramsey says, the auto loan is the scourge of the middle class.
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Re:Experiments find higher social class more likely to have ... by whenchamenia on Tuesday May 21, 2019 @01:24AM (#19967729)
Many people buy exotics as investments and loans end up smaller than the 'equity' in their 1960s ferrari, or even modern special edition lambo. Just because your kia is a quickly depreciating asset does not generalize to all cars.
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Re:Experiments find higher social class more likely to have ... by madengr on Tuesday May 21, 2019 @01:05PM (#19972075)
Oh, I agree. I work with a guy who has his eye on a used Ferrari, and if he takes good care of it, it will hold or increase in value. He buys them at the bottom of the bathtub curve.

However, 99.9% of luxury cars are not exotics. You will rarely see them on the road as they depreciate too much if you drive them daily.

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