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Thursday, October 5, 2017

Flashy Cars Everywhere: How Do They Afford Them?

These days, we’re seeing more and more big, flashy cars on the road than ever before. Just how are people affording them? Perhaps you know somebody with a flashy car yet they only have a menial job, to you’re just dying to know the secret so you can get your hands on a fancy car yourself. Let’s talk about how more and more people are driving these luxurious vehicles than ever before:


Priorities
The fact is, you may not think you have enough money for a flashy car, but people have different priorities. Somebody may value having a great car over everything else, so that’s what they prioritize when it comes to their finances. They may live in a tiny flat and eat basic food to drive around in that fancy car all day long.


Debts
Ok, there’s no denying that a large portion of the population are in debt up to their eyeballs. People will take out loans to get these fancy cars and end up paying them back for years and years to come. This option can be fine if you can truly afford it, but many people can’t and do it anyway.


Company Cars
Some people have cars included with their jobs. Vets for instance, can get not only a car but a place to live included with their job.


Leasing
Leasing can be a good option for a new car if somebody doesn’t have the money outright. It isn’t right for everybody though. The infographic below can explain this better.


credit to auto.loan

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