As I left a retail outlet where I purchased some needed supplies, I followed a man that walked up to my truck and seemed to examine his own truck parked next to it. I had pulled in from an angle and was only a couple feet from his truck. I asked him “Did I park too close?” He answered that he was looking for damage to his truck as my closeness made him nervous. He explained that he had paid $90 thousand dollars for his truck. I said “That’s nice. Transportation is not worth that much to me.” He looked at my 20 year old truck and couldn’t believe my satisfaction as I got in it. I could buy another truck like mine for what he pays every couple months in payments, interest, and insurance. What other investment besides a new vehicle is guaranteed to lose $500 to $1000 a month until it is worth nothing? A new automobile is the worst investment on the face of the earth. One has to be a special kind of stupid to buy one.
I recently heard an ad on the radio about how Strong Volkswagen of Salt Lake City is offering new VWs at 30% off. Duh. The dealer profit margin is 40% so the dealer is still making 10% profit. So when you buy a car with a $20,000 sticker price, the dealer only paid $12k for it and put 8 grand in his pocket from the sale. No wonder all new car dealers are multi-millionaires with fabulous buildings.
My neighbor, Larry White, went into L&L Motors in Roosevelt, Utah and paid $40,000 cash for a new Ford 4 door, one ton, dually, fully loaded, that had a sticker price of $90 thousand dollars. Larry is a multi millionaire his self and not stupid enough to pay sticker price, but he wanted a brand new truck. He told the dealer “Take the cash or shove the truck up your ass” and drove away in the truck. He saved $50 thousand dollars instantly and up to that much again on interest. Only stupid people buy a new car on credit.
This is one of the reasons that stupid people don’t get rich. They buy things they can’t afford. Larry had the cash. It was in $100 bills. He never wrote a check. He counted out the dough. He could afford the new truck.
See, democrats and other retarded people could invest $500 to $1000 a month into a fabulous retirement account or an off shore island that increases in value at a rate higher than inflation, but instead, they want to look like something they are not, which is a form of lying, and so they foolishly spend the money on a new truck or car. Their investment loses money every single day and then they do it again. No matter how hard conservatives try, they simply can’t fix stupid.
There are a million things a person can invest in that increase in value over time. Real estate is a fine example. So why do people continually buy new automobiles that are guaranteed to lose value every single day? Because they are stupid. One could buy a new vehicle that has been used for 16 minutes and has a blue book value of half the original price and still get to his/her destination in style.