Yeah for sure a 100,000 dollar truck is crazy! There is a saying in Russia "People see how I drive, not how I live." I feel like it's starting to apply here in 49 States...100% true statements...
I was in the auto industry for over 35 years, Parts and Service Director, the price of a damn F150 reaching the 100,000.00 mark is ludicrous, that's 25K more than my 1st house cost, then finance the turd for 10 years at 4.9% or higher interest?? You got to be out yo damn mind!!!
Credit card companies getting away with murder as well, 29.99% interest, you will NEVER pay that off.. Loan Sharks i tell ya...
Thank god everything i own is paid for, hard work, smart investing, does pay off, and if i can Not pay cash for it or buy it interest free i do Not need it....!!
I could see 100k for a truck IF it were a business requirement. I think most Americans have lost touch with the concept of priorities.
Im married to a Romanian. If a Romanian was given 50k, they'd start a business, buy a production machine, a piece of land, a tractor or a tractor and some land, etc. If you give 50k to an American, they'd buy a camper, a bass boat or a new truck......And then wonder why they can't ever get ahead.
I think I paid interest ONCE in my life on a CC. If you pay the statement in full on the due date it's 0%. You can even make a profit using it if you have a cash back card. Absolutely can eat you like a shark though if you let it get out of hand.
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