mkirsch wrote:
If everybody followed that advice and bought used, there would be no used cars to buy.
SOMEONE has to buy new vehicles so that there are used ones. Millionaires are only a tiny fraction of the population so if you're waiting for their discards, you'll be waiting a long long time.
Exactly! Expensive vehicles are a prime example of trickle down economics in both resale values and technology. Someone has to buy them in order for them to be less expensive for everyone else, and if the those people don't buy them then it won't exist. Research and developing new technology costs money, and if there were not people who paid these high prices for this new tech then it would never eventually become attainable to everyone else overtime. Hence the reason why luxury options of vehicles 10 years ago are standard today.
Tesla is actually a prime example of this as well. They needed wealthy investors and people to buy their vehicles at the beginning in order to have enough money to build the factories so their vehicles will cost less with mass production. Without those wealthy buyers and investors, other people would not be able to afford a Tesla and many of those factory workers would not have jobs.
