And poor, financially illiterate people buy up the low end.
But who buys the middle?
Imo that the sweet spot for leases. People who want modern safety/reliability/warranty, and resigned themselves to the fact that they’ll always have a car payment if they prioritize these things.
That’s what rich people are for – to suffer for the benefit of the working class.
For the high end. Sure.
And poor, financially illiterate people buy up the low end.
But who buys the middle?
Imo that the sweet spot for leases. People who want modern safety/reliability/warranty, and resigned themselves to the fact that they’ll always have a car payment if they prioritize these things.