I suspect people at multiple points on the 'car cost ladder' look at everyone who has perched higher up on it with that same level of bafflement. I have purcha

I suspect people at multiple points on the 'car cost ladder' look at everyone who has perched higher up on it with that same level of bafflement. I have purchased a couple new cars in my life, but in the sub-$35k range. While, looking at the amount a payment would be on an $80,000 car, I'm aware I could definitely afford it -- especially at that 6-7 year term that is so popular now -- it is wild to me that anyone would derive enough marginal utility to justify the cost. I'll take my car plus a briefcase full of money over a Mercedes, thanks. It's possible though that the person with that $80k car also thinks they're quite rational and only the person with the $150,000 car is a lunatic.