DomB
Well-known member
- Joined
- Aug 25, 2020
There is probably an ICE out there that is about 30k or less with tax brand new.No doubt people pay attention to the initial sticker.
Imagine someone needs a {product} and they can't afford a {specific brand)? They will likely buy something cheaper.
How much is the cheapest tesla? How much is the cheapest car? I don't know the pricing but I bet the difference is significant.
Financing is also a crazy thing: it boosts the economy and prices by making so many things affordable, but can become a consumer trap. Yet debt/financing carefully used is a wonderful thing. Got me educated, some lucky home purchase choices. But some of that was just fear of bad debt generally. And on the other side of the equation, debt (bonds) allows people to diversify their asset allocation.