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I have always assumed someone bought a car they always wanted and then discovered making large payments was not worth the price of owning that car.
I know of one friend's 20 something kid bought a new Corvette and after a few months realized that the car payment is just step one. Insurance was horrendous for him at his age. And he had to park it outside at the apartment he lived at. He learned an expensive lesson in economics. His dad told him flat out he was not going to bail him out. The kid insisted he was an adult and would buy the Corvette because it was a good deal. He was mistaken.
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Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
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