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>That means each person who reserved an Edition 1 could have bought a $30k car instead and the rest of the money could have bought a house for a homeless, resul
by DavidPeiffer 6y ago
>That means each person who reserved an Edition 1 could have bought a $30k car instead and the rest of the money could have bought a house for a homeless, resulting in no homeless families in our country. We need to get our priorities straight.
Priorities are definitely not straight in this country, but I'd bet 95% of those sold are going to be financed. Very few people have 100k liquid, and even fewer are willing to drop it on a car. Your point stands though, those people didn't finance a 30k car and agree to pay 82k via convenient monthly payments over a number of years to end homelessness.
This brings up another point - why are massive new vehicles seen as such a status symbol in the US? 120 month loans on a rapidly depreciating asset are insane, same with rolling over debt from prior vehicles. Millions of people have 7+ year car loans which are holding them back from achieving economic stability. They won't have positive equity in the vehicle until the last couple years of the loan, by which point their vehicle needs have likely changed and they've already gotten a different car.